Indian Railways earns record revenue of Rs 2.40 lakh crore in 2022-23
[ad_1]
According to the information given by the Railways, Indian Railways has earned a record revenue of Rs 2.40 lakh crore in the financial year 2022-23. This figure is about Rs 49,000 crore more than the previous financial year. According to the railway statement, the revenue from freight traffic has increased to Rs 1.62 lakh crore in 2022-23, which is about 15 percent more than the previous year. Passenger revenue of Indian Railways increased by 61 percent year-on-year to reach Rs 63,300 crore.
The statement further said that after three years the Indian Railways has been able to meet its pension expenditure. Over the years, the Railways had approached the Ministry of Finance to bear some part of its pension liability. Efforts to increase revenue and reduce expenses have helped bring down the operating ratio to 98.14 per cent. This is in line with the revised target. According to the statement, after meeting all revenue expenditure, the Railways earned Rs 3,200 crore from internal sources on account of capital investment.
[ad_2]
Source link
