Rail Budget 2014: Railways to earn Rs 1.64 lakh cr on improved operating
ratio
08/07/2014 14:24
The Minister of Railways D. V. Sadananda Gowda, while presenting the Railway Budget for 2014-15 in Parliament today, said that government hope to achieve total receipts of Rs. 1,64,374 crore and would peg total expenditure at Rs. 1,49,176 crore, anticipating a healthier growth of economy. The minister has pegged operating ratio for 2014-15 at 92.5 per cent, 1 per cent higher than that in 2013-14. Gowda anticipated freight traffic growth of 4.9 per cent amounting to 1,101.25 million tonne, an increment of 51.07 million tonne over 2013-14. Earnings from freight traffic are estimated at Rs. 1,05,770 crore and from Passenger Traffic Rs. 44,645 crore. He said that periodic revision in passenger fare and freight rates, will be linked to revisions in fuel prices in order to insulate the Railway revenues from fuel cost escalation. Out of total expenditure, the ordinary working expenses have been proposed at Rs. 1,12,649 crore, which is Rs. 15,078 crore higher than 2013-14. This has been necessitated by fuel price hike and increase in staff costs. Pension outgo in 2013-14 had grown by about 16 per cent. Keeping the same trend, provision for pension is kept at Rs. 28,850 crore.
08/07/2014 14:24
The Minister of Railways D. V. Sadananda Gowda, while presenting the Railway Budget for 2014-15 in Parliament today, said that government hope to achieve total receipts of Rs. 1,64,374 crore and would peg total expenditure at Rs. 1,49,176 crore, anticipating a healthier growth of economy. The minister has pegged operating ratio for 2014-15 at 92.5 per cent, 1 per cent higher than that in 2013-14. Gowda anticipated freight traffic growth of 4.9 per cent amounting to 1,101.25 million tonne, an increment of 51.07 million tonne over 2013-14. Earnings from freight traffic are estimated at Rs. 1,05,770 crore and from Passenger Traffic Rs. 44,645 crore. He said that periodic revision in passenger fare and freight rates, will be linked to revisions in fuel prices in order to insulate the Railway revenues from fuel cost escalation. Out of total expenditure, the ordinary working expenses have been proposed at Rs. 1,12,649 crore, which is Rs. 15,078 crore higher than 2013-14. This has been necessitated by fuel price hike and increase in staff costs. Pension outgo in 2013-14 had grown by about 16 per cent. Keeping the same trend, provision for pension is kept at Rs. 28,850 crore.
