New Delhi, October 26
The Railways seems to have been hit hard by the slowdown with the earnings of the national transporter suffering a dip of Rs 155 crore and Rs 3,901 crore in passenger and freight fares, respectively, in the second quarter of the current fiscal, compared to the previous one, according to an RTI reply.
The RTI application filed by Chandra Shekhar Gaur, an activist based in Madhya Pradesh’s Neemuch, revealed that in the first quarter (April-June) of financial year 2019-20, the railways earned a revenue of Rs 13,398.92 crore from passenger fare. This dipped to Rs 13,243.81 crore in the July-September quarter.
Similarly, in the first quarter, the railways earned Rs 29,066.92 crore from freight loading. In the second quarter, the earnings from freight came down to Rs 25,165.13 crore.
The slowdown also affected ticket bookings, which witnessed a 1.27 per cent decline in April-September 2019, as compared to the corresponding period last year. The railways has initiated a slew of measures to counter the slowdown. It recently waived its “busy season” surcharge on freight traffic and introduced a scheme offering a concession of up to 25 per cent on trains with air-conditioned chair car. — PTI
from The Tribune https://ift.tt/2BOdXKW
via Today’s News Headlines
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