Profit and Loss of Indian Railways
Profit and Loss of Indian Railways An interesting question was asked by the member of Parliament and the Ministry has replied to the question of profit and loss of the Indian Railways during the last three years. The statement says that the Indian Railways have not incurred any loss in the last three years . Indian Railways infact generated a surplus of Rs 0.75 crore in 2009-10; Rs 1,404.89 crore in 2010-11; Rs 1,125.57 crore in 2011-12, and have set a surplus target of Rs 10,409.13 crore in 2012-13. Indian Railways have taken both non-tariff measures and tariff measures to improve its financial position as indicated below:- Non-tariff Measures :- They include improving throughput by increased productivity and efficiency, reduction in wagon turnaround time, extension of Passenger Reservation System (PRS) and Unreserved Ticketing System (UTS) facilities to more and more locations, speeding up of trains, review of trains with low patronage, deployment of additional coaches in well ...