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Mar 13, 2013
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Railways on track to miss even revised revenue targets
Continuing with its dismal financial performance, the railways is likely to miss its revised revenue targets set for the current fiscal that were announced in the rail budget. This would be a big embarrassment for the national carrier that only last month revised all its key budgetary numbers downwards.
In the revised estimates announced in the rail budget, the railways fixed its gross traffic receipts at R1,25,680 crore, short by R6,872 crore over budget estimates. But top officials at the Railway Board are apprehensive that the railways might not be able to meet even that target and could fall short by around R2,500 crore. “The earnings in the last two months have been good when we compare it to the rest of the year but to reach the total traffic revenue target for the current fiscal we need to earn R14,000 crore in March, which seems unlikely.
Source -
http://www.financialexpress.com
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