The railways have increased the fare of the passenger tickets in the last couple months. But what has this resulted in?
The revenue of the railways from both passenger traffic as well as freight movement has gone up by more than 5 and 8% respectively between April-December 2017 as compared to the same period the previous year, a senior official of the railway board said today.
The revenue from passenger fare rose to Rs 37,134 crores in 2017 as compared to the revenue of Rs 35,295 crores generated in the corresponding period in 2016. This shows a growth of 5.2%, Mohd Jamshed, Member, Traffic, Railway Board said.
He also said that earning from freight went up by 8.39% during the same period. While in 2017 (April- December), it generated Rs 80,691 crores, in the same period in 2016, it earned the railways Rs 76,288 crores.
Railway Minister Piyush Goyal recently said that the railways had set a target to triple its freight traffic to three billion tones by 2030 from the existing 1.1 billion tones.
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https://www.eastcoastdaily.in/2018/01/05/railways-smart-system-new-designs-via-competition/
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