Indian Railways posts revenue increase of 3.17% LIMITED SOURCE

Indian Railways posts revenue increase of 3.17%    Due to inefficient management and slowdown in Aviation industry under the impact of global slowdown, Indian Railways, country's largest transporter, posted 13.17 increases in its revenue in the period between April 2008 and 2009.
 
Railways’ revenue stood at Rs 64,876.34 crore compared to Rs 57,327 crore in the same period last year. Railways posted 13.64% increase in freight and 11.82 per cent increase in passenger revenue, as per official statement of Railways Ministry.
 
The number of passenger booking went up 6.44 per cent to 5,917.86 million, with 3,164.06 million and 2,753.80 million passengers availed railways services in the suburban and non-suburban sectors.
 
Railway's sundry income stood at Rs 1,177.84 crore during Apri l-January 2009 as compared to Rs 918.63 crore during April-January 2008.
 
Recently, Indian railways started work on new freight corridor from Bihar to Punjab (Ludhiana), that would not only increase its revenue but also help regions along the corridor by increasing industrial activities.

Business News: 
General: 
Regions: