Indian Railways: Good news for Indian Railways, with the increase in earnings, so many thousand crore rupees came in the treasury
Newz Fast, New Delhi: Railways said that the growth rate of long distance reserved mail express trains has been higher than that of suburban trains. Other coaching revenue stood at Rs 2,437.42 crore, which is 50 per cent higher than the corresponding period last year.
Lakhs of people travel by train every day. There is good news for Indian Railways. The total revenue of Railways has increased by 38 percent to Rs 95,486.58 crore by the end of August 2022.
This figure was Rs 26,271.29 crore in the same period a year ago. According to this, the Railways has collected additional revenue of Rs.69 thousand crores during this period. Information about this was given in an official statement on Sunday.
Passenger traffic increased compared to last year
In an official statement given by the Railways, it was said that the revenue from passenger traffic during the period under review was Rs 25,276.54 crore, which shows a growth of 116 percent on a year-on-year basis.
A year ago this figure was Rs 13,574.44 crore. There has been an increase in passenger traffic in both reserved and unreserved classes as compared to last year.
Railways said that the growth rate of long distance reserved mail express trains has been higher than that of suburban trains. Other coaching revenue stood at Rs 2,437.42 crore, which is 50 per cent higher than the corresponding period last year.
The statement said that the parcel segment witnessed strong growth. Goods revenue increased by Rs 10,780.03 crore to Rs 65,505.02 crore at the end of August this year.
On the other hand, the focus is constantly on semi-high speed trains from the railway side. Presently the trial of the third Vande Bharat train prepared at ICF, Chennai is going on.
Soon an official announcement will be made to run on its commercial route. The government plans to run 75 new Vande Bharat trains by August 15, 2023. This will further increase the income of the Railways.