Millennium Post

Railways register 19% increase in H1 earnings to Rs 58,650 crore

Railways register 19% increase in  H1 earnings to Rs 58,650 crore
The total approximate earning of Indian Railways on originating basis during first six months of the financial year 2012-13, that is 1 April to 30 September 2012 was Rs 58649.83 crore compared to Rs 48963.19 crore during the same period last year, registering an increase of 19.78 per cent.

The total goods earnings have gone up from Rs 32425.41 crore during 1 April to 30 September 2011 to Rs 40303.85 crore during 1 April to 30 September 2012, registering an increase of 24.30 per cent. The total passenger revenue earnings during first six months of the financial year 2012-13 were Rs 15581.44 crore compared to Rs 14017.76 crore during the same period last year, registering an increase of 11.15 per cent. The revenue earnings from other coaching amounted to Rs 1510.38 crore during April-September 2012 compared to Rs 1377.58 crore during the same period last year, an increase of 9.64 per cent.

The total approximate numbers of passengers booked during 1 April to  30 September 2012 were 4274.87 million compared to 4121.99 million during the same period last year, showing an increase of 3.71 per cent. In the suburban and non-suburban sectors, the numbers of passengers booked during April-September 2012 were 2215.51 million and 2059.36 million compared to 2154 million and 1967.71 million during the same period last year, showing an increase of 2.84 per cent and 4.86 per cent respectively. Indian Railways is adopting a multi pronged strategy to provide a safer, faster, cleaner, and comfortable passenger trains.   As announced in the budget, seven corridors have been identified for conducting pre feasibility studies for running high speed trains[popularly referred as Bullet trains] at speeds above 350 kmph. These corridors will be set up through PPP route. In addition, Indian Railways is working on the concept of acquiring Electrical Multiple Units [EMU] Train sets for intercity journeys for operating speed ranging from 130-160 km/hour.
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