Central Railways AC suburban trains show 52.05% jump in earning

Service registers revenue of Rs.23.36 crore during April-June 2023

geetanjali

Geetanjali Minhas | July 12, 2023 | Mumbai


#Railway   #Mumbai  


Central Railways has received an overwhelming response by passengers travelling on its Mumbai AC locals with 49.47 lakh passengers travelling during April-June 2023 with revenue earnings of Rs.23.36 crore. In the same quarter of the previous year, it carried 26.60 lakh passengers (marking a 53.77% increase in the number of passengers this time), and its total earnings for that period last year were Rs 12.16 crore.  

On a monthly average basis, the number of passengers increased from 8.86 lakhs in April-June 2022 to 16.49 lakhs in April–June 2023, resulting an increase of 52.6% monthly average earnings from Rs 4.05 crore in April-June 2022 to Rs 7.78 crore in April-June 2023.

The total number of passengers travelling on local AC trains increased from 87,662 during April–June 2022 to 1,63,033 in April – June 2023-2024, a 53.77% increase.

The daily average number of passengers increased from 29,221 to 54,344; up by 53.77%, leading to an increase of 52.4% in daily average earnings, from Rs 13.35 lakh per day to Rs 25.65 lakh per day.
 
The number of ticketless passengers on AC locals also increased from 4,903 during April–June 2022 to 9,593 during the same quarter in 2023, resulting in penalties of Rs 31.92 lakh this year as compared to Rs 17.79  lakh last year.

Currently, Central Railway runs 56 AC services with four rakes on its suburban section.

 

Comments

 

Other News

AI: Code, Control, Conquer

India today stands at a critical juncture in the area of artificial intelligence. While the country is among the fastest adopters of AI in the world, it remains heavily reliant on technologies developed elsewhere. This paradox, experts warn, cannot persist if India seeks technological sovereignty.

RBI pauses to assess inflation risks, policy transmission

The Reserve Bank of India (RBI) has begun the new fiscal year with a calibrated pause, keeping the repo rate unchanged at 5.25 per cent in its April Monetary Policy Committee (MPC) meeting. The decision, taken unanimously, reflects a shift from aggressive policy action to cautious observation after a signi

New pathways for tourism growth

Traditionally, India’s tourism policy has been based on three main components: the number of visitors, building tourist attractions and providing facilities for tourists. Due to the increase in climate-related issues and environmental destruction that occurred over previous years, policymakers have b

Is the US a superpower anymore?

On April 8, hours after warning that “a whole civilisation will die tonight,” US president Donald Trump, exhibiting his unique style of retreating from high-voltage brinkmanship, announced that he agreed to a two-week ceasefire with Iran. The weekend talks in Islamabad have failed and the futur

Machines communicate, humans connect

There is a moment every event professional knows—the kind that arrives without warning, usually an hour before the curtain rises. Months of meticulous planning are in place. And then comes the call: “We’ll also need a projector. For the slides.”   No email

Why India is entering a ‘stagflation lite’ phase

India’s macroeconomic narrative is quietly shifting—from a rare “Goldilocks” equilibrium of stable growth and contained inflation to a more fragile phase where external shocks are beginning to dominate domestic policy outcomes. The numbers still look reassuring at first glance: GDP


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter