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Indian Railway Target

Railways need to generate Rs 9289 cr per month to meet target


New Delhi, Feb 8(PTI) Indian Railways is faced with the daunting task of earning over Rs 18,500 crore in the remaining two months of the current fiscal to meet its annual revenue target.
Till the end of January, its revenue stood at Rs 76,187.27 crore as against its projected earnings of Rs 94,765 crore for the fiscal year 2010-11, a gap of Rs 18,578 crore.
This implies that the Railways have to generate as much as Rs 9289 crore revenue per month, which the railways hopes to achieve due to positive growth in loading.
According to a railway official, robust earning in other avenues like parcel and advertising would help the organisation to meet the target.
The total earnings of railways on from April 2010 to January 2011 were Rs 76,187.27 crore compared to Rs 70,696.03 crore during the same period last financial year, which is an increase of 7.77 per cent, said a railway statement.
The total goods earnings have gone up from Rs 47,761.20 crore during April-January period to Rs 50,899.20 crore during the same period showing an increase of 6.57 per cent.
The total passenger earnings during the first ten months of the financial year 2010-11 were Rs 21,336.94 crore compared to Rs 19,387.76 crore during the same period last fiscal, registering an increase of 10.05 per cent.
The revenue earnings from other coaching amounted to Rs 2093.96 crore during April-January compared to Rs 1,899.30 crore during the same period last financial year, showing an increase of 10.25 per cent.

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