Indian Railways earned a total revenue of Rs.195.49 billion in the first quarter

Indian Railways earned a total revenue of Rs.195.49 billion in the first quarter


The Indian Railways earned a total revenue of Rs.195.49 billion in the first quarter of the current fiscal (April-June) as against Rs.165.61 billion in the comparable period of last year, representing a growth of 18.04 percent, a railways ministry statement said Monday.


The Railways’ earnings from freight traffic increased to Rs.134.70 billion, up from Rs.110.36 billion in the comparable period of last year, representing a growth of 22.05 percent, the statement said.

However, earnings from passenger traffic at Rs.53.42 billion registered only a modest growth of 9.96 percent, up from Rs.48.58 billion during the corresponding period in the previous fiscal, the statement said.

Indian Railways booked as many as 1,739.33 million passengers in the first quarter of this year as compared to 1,649.04 million booked during the corresponding period of last year. This is an increase of 5.48 percent, the statement said.

In the sub-urban and non-suburban sectors, the number of passengers booked during April-June 2008 was 916.22 million and 823.11 million, respectively, compared to 883.45 million and 765.59 million during the corresponding period last year.

This is an increase of 3.71 percent and 7.51 percent, respectively, the statement added.

The turnover is quiet a high but really the government thinks about the people about tickets services. It has been noticed that most of the ticket which is preferably booked online are taken by agents and there is scam which you cannot simply imagine. Still we think there must be more privatization in the field will needed but that might kill the poor.