As people resume travelling, Railways' passenger earnings up by 71%

Freight earnings up by 16% to Rs 1,20,478 crore this FY till December 2022

GN Bureau | January 2, 2023


#Railway   #economy   #business   #Covid-19   #pandemic   #tourism  


As the ‘third wave’ of Covid-19 subsided and people resumed travelling after a long gap, the railways’s earnings have recorded a sharp uptick. The total approximate earnings in the passenger segment for Indian Railways on originating basis during April-December 2022 is Rs. 48,913 crore, an increase of 71% over Rs. 28,569 crore during the same period last year.

In reserved passenger segment, the total approximate numbers of passengers booked during the period 1st April to 31st December 2022 is 59.61 crore as compared to 56.05 crore during the same period last year, showing an increase of 6%. The revenue generated from reserved passenger segment during the period is Rs 38,483 crore as compared to Rs 26,400 crore during the same period last year, showing an increase of 46%, the railway ministry said in a statement on Monday.

In Unreserved passenger segment, the total approximate numbers of passengers booked during the period 1st April to 31st December 2022 is 40197 lakhs as compared to 16968 lakhs during the same period last year, showing an increase of 137%. The revenue generated from Unreserved passenger segment during the period is Rs 10,430 crore as compared to Rs 2,169 crore during the same period last year, showing an increase of 381%. (When train services resumed after the lockdown of 2020, only reserved passengers were allowed initially, and hence the dramatic rise.)

Railways earns Rs 120478 Crores from Freight loading this FY till December 2022

On mission mode, Indian Railways' freight loading for first nine months 2022-23 crossed last year’s loading and earnings for the same period.

On cumulative basis, during April-December 2022, freight loading of 1,109.38 MT achieved against last year’s loading of 1,029.96 MT, an improvement of 8%. The railways have earned Rs 1,20,478 crore against Rs 1,04,040 crore over last year which is an improvement of 16% as compared to the same period of last year.

During December 2022, originating freight loading of 130.66 MT has been achieved against loading of 126.8 MT in December 21, which is an improvement of 3% over last year. Freight revenue of Rs. 14,573 crore have been achieved against Rs 12,914 crore freight earnings in December 2021, which is an improvement of 13%.

Following the mantra of “Hungry For Cargo”, the railways has made sustained efforts to improve the ease of doing business as well as improve the service delivery at competitive prices which has resulted in new traffic coming to railways from both conventional and non conventional commodity streams. The customer-centric approach and work of Business Development Units backed up by agile policy making helped railways towards this landmark achievement.

 

Comments

 

Other News

Free food grains for 81.35 cr beneficiaries for five years

The central government will provide free food grains to about 81.35 crore beneficiaries under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) for a period of five years with effect from January 1, 2024, the cabinet decided on Wednesday. Terming it as a “historic decision”, a

“I wrote ‘Survival at Stake’ to provide food for thought about solutions”

Survival at Stake: How Our Treatment of Animals Is Key to Human Existence By Poorva Joshipura HarperCollins, 328 pages, Rs 499 With science now recognising animal consciousness, intelligence, emotion, and even morality, there must rise an awareness of

‘Bon Voyage’ through the Arctic: Exploring new horizons for India

India`s tryst with trade through the Arctic regions, including the Northern Sea Routes (NSR), has become an impact-making endeavor recently. The Arctic of yore is now a pivot – point of geopolitics, of climate change discussions, and for economic opportunities; 40% of oil and gas reserves said to be

Demystifying Contemporary Finance Theory and other lessons in investment

Investing Decoded: Simple Path To Building A Portfolio In Millions By Anirudh Rathore Penguin India, 320 pages, Rs 499

Deepfake: India to prepare four-point action plan

Deepfake has emerged as a serious threat to democracy and social institutions across the world. Propagation of deepfake content via social media platforms has aggravated this challenge. Ministry of Electronics and Information Technology (MeitY) has, from time to time, advised social media in

Mumbai traffic: Let’s use some simple math

Two level of roads not enough, BMC to have triple traffic jams through underground junctions There is no shortage of short-sighted traffic experts who believe that creating more vertical space (either above or below the level) in already overcrowded and congested cities will be cou

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter