Forum Super Search
Posting Date From:
Posting Date To:
Train Type:
ONLY with Pic/Vid:
Sort by: Date:     Word Count:     Popularity:     
Public:    Pvt: Monitor:    RailFan Club:    

Full Site Search
Tue May 23, 2017 07:06:54 ISTHomeTrainsΣChainsAtlasPNRForumGalleryNewsFAQTripsLoginFeedback
Tue May 23, 2017 07:06:54 IST

Blog Entry# 2045338  
Posted: Nov 02 2016 (13:18)

1 Responses
Last Response: Nov 02 2016 (13:18)
Rail News
IR Affairs
Nov 02 2016 (13:14)   Revenue crisis: Indian Railways spending Rs 114 to earn every Rs 100

For Better Managed Indian Railways~   948 news posts
Entry# 2045338   News Entry# 284573         Tags   Past Edits
The operating ratio, an indicator of how healthy the financials are, has touched 114 per cent — way off target of 92 per cent.
Behind the glitz of freshly painted stations and inauguration of new trains, Indian Railways is facing its worst revenue crisis in recent times — it has now stopped earning any money. A letter from the Railway Board to zonal railways has revealed that the transporter is now spending Rs 114 to earn every Rs 100, practically wiping out any semblance of earnings.
Thanks to dipping demands for its services
in both freight and passenger business, the shortfall touched Rs 12,400 crore by end of September, when a mid-term review of the financials takes places. In fact, it is Rs 3209 crore less than what the transporter had earned this time last year.
Looking at these numbers, Railway Minister Suresh Prabhu is deeply concerned, says the letter from Railway Board Financial Commissioner KB Nanda to zonal general managers. This is the first year of the new cycle when the transporter’s financials will be scanned each year by the finance ministry in the context of the overall General Budget. With just a few more months to go before an early budget scheduled next year, the indicators do not instil confidence, ministry sources said. “The minister has expressed his deep concern and has issued instructions that immediate measures may be put in place so as to achieve the budgeted targets,” the letter says.
The operating ratio, an indicator of how healthy the financials are, has touched 114 per cent — way off target of 92 per cent.
By the mid-year review, Railways was behind its freight loading target by 35 million tonnes. In net terms, this was almost 10 million tonnes less that the loading done by this time last year. What is worse for the transporter is that not all of it is because of the lukewarm economy.
The letter says Railways’ credit realisation has hit rock bottom. As against a target of Rs 4,000 crore for credit realisation it set for itself, it has realised only about Rs 538 crore or about 13.25 per cent indicating that extraordinary efforts are needed to shore up finances during the next half of the fiscal year.
Railways has not only been losing in the financially draining passenger business, but it has also been losing its share of the pie in its erstwhile strongholds of coal belts in Eastern India.
Coming as this does in a year when the impact of the Seventh Pay Commission has started kicking in, the cash situation has left the top brass in Rail Bhawan worried. Steps like austerity measures, instructions for which have for long been in place now, are being advocated to at least cut the Ordinary Working Expresses—money railways spends to keep its house running.
The letter says these figures, if the trend is not arrested, will adversely affect the plan size, when railways has laid out an ambitious capital expenditure target of 1.21 lakh crore.

Nov 02 2016 (13:18)
For Better Managed Indian Railways~   1933 blog posts
Re# 2045338-1            Tags   Past Edits
Here comes out, the root cause of many unpopular decisions of IR in recent past! Be ready for more such experiments!!

ARP (Advanced Reservation Period) Calculator

Reservations Open Today @ 8am for:
Trains with ARP 10 Dep on: Fri Jun 2
Trains with ARP 15 Dep on: Wed Jun 7
Trains with ARP 30 Dep on: Thu Jun 22
Trains with ARP 120 Dep on: Wed Sep 20


Rail News

  • Speed up land acquisition for railway projects: Union min  News Entry# 303286
    by: rdb*^  Today (07:04)

    BHUBANESWAR: Minister of state for railways Rajen Gohain on Sunday said Odisha government should speed up land acquisition process for early completion of railway projects in the state. He told mediapersons this after attending a meeting organised by the East Coast Railway Engineering Association here. The minister said land acquisition is...
  • Green signal: Howrah station to go solar in August  News Entry# 303285
    by: rdb*^  Today (06:42)

    HIGHLIGHTS The solar plan is in accordance with the Narendra Modi government’s directive to the railways to go completely solar by 2025 Work is in progress on the rooftops and 23 platform sheds of the station to set up a 3MW solar power plant to start generating enough power Howrah statio....
  • Govt plans to open Jan Aushadhi stores at 1k railway stations  News Entry# 303284
    by: rdb*^  Today (06:38)

    Plans are afoot to open Jan Aushadhi stores at around 1,000 major railway stations across India as part of drive to make quality medicines available at low cost to the public, government said today. Plans are also on to open such outlets at bus stands in different states with an aim...
  • Closing of Dhanbad chandrapura route.  News Entry# 303283
    by: 18626 Super £xpresssss~  Today (06:38)

    धनबाद. धनबाद-चंद्रपुरा रेल लाइन बंद होगी। नई दिल्ली में सोमवार को प्रधानमंत्री कार्यालय में प्रधान सचिव नृपेंद्र मिश्रा, कोयला सचिव सुशील कुमार और अन्य अफसरों की उच्चस्तरीय बैठक में इसे बंद करने का फैसला लिया गया। बैठक में झारखंड की मुख्य सचिव राजबाला वर्मा, सीसीएल के सीएमडी गोपाल सिंह और रेलवे...
  • Renovation work: Shatabdi likely to resume from Doon from May 23, others to wait  News Entry# 303282
    by: rdb*^  Today (06:33)

    DEHRADUN: In a relief to Doonites and tourists visiting here from Delhi, the New-Delhi Dehradun Shatabdi is likely to operate from Dehradun railway station as per its original schedule from Tuesday, ending a 36-day-long hiatus since the operation of many trains had been shifted to Haridwar for the renovation work at...

New Trains

Site Announcements

  • Entry# 2175399
    Feb 23 2017 (01:22PM)

    There has recently been a lot of frustration among RFs when their Station Pics, Loco Pics, Train Pics get rejected because the "number is not showing", "shed is not visible", the loco/train is at a distance, Train Board is too small, "better pic available", etc. . To address this issue, effective tomorrow, ALL...
  • Entry# 2165159
    Feb 15 2017 (09:53AM)

    A minor update, but may impact many members: Hereafter, FMs will be able to delete invalid Red Flags on Imaginary trains. Red Flags can be removed by FMs, only against specific complaints filed against the blog. This does not give all members the right to complain against EVERY single red flag they...
  • Entry# 2155798
    Feb 08 2017 (11:40AM)

    -@all members: As of recently, there has been a trend whereby minor name updates of Trains/Stations - whether such and such regional name should be there or not, whether the train should be called "Abc Express" or "Abc Superfast Express", etc. are threatening to take over the majority of Timeline entries. Also,...
  • Entry# 2147631
    Feb 01 2017 (11:05AM)

    A new experimental feature is being introduced called BotD - "Blog of the Day". The rules are: . 1. Replies are not eligible - only the Top Blog. 2. ONLY Blogs posted today (the day of the vote) are eligible. 3. Every member has ONE vote. In the course of the day, you may keep...
  • Entry# 2136570
    Jan 23 2017 (12:25AM)

    Several new features have been introduced recently to the Forum, and we are forever striving to make Member experience here more productive and satisfying. With the recent introduction and success of the new FM System, it has been observed that small groups of highly involved and enthusiastic members are far more...
  • Entry# 2134907
    Jan 21 2017 (02:46PM)

    It has been over 2 weeks since the appointment of the current batch of FMs and 750 Complaints have been handled so far. It gives me immense pleasure in congratulating them for running the team diligently, professionally, competently and above all, without a shred of controversy or bias. The FM position...
Scroll to Top
Scroll to Bottom

Go to Mobile site