Indian Railways Registers 113% Rise in Earnings from the Passenger SegmentOctober 12, 2021 10:26
(Image source from: orissapost.com)
After the arrival of coronavirus, all the fields are shattered and are left in a deep financial crisis. After the restrictions are lifted, people preferred trains among the available public transports. The Indian Railways introduced special trains and started running limited trains across the major routes of the country. The railways reported an increase of revenue by 113 percent from the passenger segment in the second quarter of the year when compared to the first quarter. Most of the services remained suspended during the first quarter of the year 2020-21 and the railways restored 96 percent of the trains now. The regular trains are back on track and the Indian Railways also introduced several special trains.
The earnings of Indian Railways in the first quarter were Rs 4921.11 crores and the earnings in the second quarter are said to be Rs 10,513.07 crores. Initially, long-distance trains were operated with limited stops but now the passenger trains and regular trains are back on to the track. 1402 mail express trains are running at normal rates and 323 holiday special trains are currently in operation at higher rates. The revenue has been increased because of the high number of trains. All the restrictions across the country are lifted after the cases came down and people started to travel like normal.
The revenue for Indian Railways through goods in the first quarter are said to be Rs 33,241.75 crores and it earned Rs 32,102.34 crores in the second quarter. The revenues say that the normalcy is back to track and people are back traveling. Indian Railways lost Rs 38,017 crores last year because of the coronavirus pandemic.
By Siva Kumar