Blog Entry# 2045338
Posted: Nov 02 2016 (13:18)
Last Response: Nov 02 2016 (13:18)
IR AffairsNov 02 2016 (13:14) Revenue crisis: Indian Railways spending Rs 114 to earn every Rs 100
For Better Managed Indian Railways~ 948 news posts
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...
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