Railway Latest News: According to the report released by the Railway Board, in the last financial year (2022-23), Railways has earned more than the target set by passenger fare and freight. After the release of the earnings figures, there was a demand from the passengers to restore the exemption given to senior citizens which was closed during the Corona period.
Indian Railways Latest News: Indian Railways has earned a whopping Rs 11,645 crore by selling junk after earning record earnings from passenger and freight. According to the report released by the Railway Board, in the last financial year (2022-23), the Railways has earned more than the target fixed by passenger fare and freight. After the release of the earnings figures, there was a demand from the passengers to restore the exemption given to senior citizens which was closed during the Corona period.
The accounts of railway income in four years were presented
According to the recently released data, Railways has earned more than the target by selling junk. However, between 2017 and 2021, the Railways earned less than the target due to catering, advertising, parking etc. But by selling the junk, the Railways got more money than the target. This information has been revealed in the CAG report on Railways. In the report, an account of Railway Income during the four years from 2017 to 2021 has been presented.
Advertisement policy started in January 2017
It was informed by the CAG that the Railway Board had started the advertisement policy through movable assets in January 2017. The report said that in February 2018, the Railway Board had decided to hand over the management of the bid to the Zonal Railways due to the delay in awarding the agreement by RITES. Various contracts were finalized by Zonal Railways under this policy during the period from 2018-19 to 2020-21. Indian Railways earned Rs 93.25 crore (28.28%) in 14 Zonal Railways. While the estimated income was fixed at Rs 329.70 crore.
613 crores income from Parking
Apart from the year 2017-18, during the review period, Indian Railways did not achieve the target of earning from car/scooter parking at stations. The income was Rs 613 crore against the target of Rs 956 crore. This resulted in a shortfall of Rs 343 crore in revenue. In 2017, the Railway Board prepared a new catering policy. Accordingly, IRCTC was made responsible for catering services from mobile catering units, base kitchens, cell kitchens, refreshment rooms, food plazas at A1 and A category stations.
During the year 2017 to 21, license fee of Rs 58.54 crore was collected against the target of Rs 72.34 crore in catering. According to the report, scrap has been identified as a high priority sector for railway funding. The CAG audit found that the Railways earned Rs 11,645 crore from the sale of scrap during 2017-21 against a target of Rs 11,418 crore. That is, the Railways earned more than the target from scrap. From the year 2017 to 21, an income of Rs 48.17 crore was generated from the rest rooms.
