New Delhi: Indian Railways are faced with the daunting task of earning over Rs. 18,500 crore in the remaining two months of the current fiscal to meet its annual revenue target.
Till the end of January, its re-venue stood at Rs. 76,187.27 crore as against its projected earnings of Rs. 94,765 crore for the fiscal year 2010-11, a gap of Rs. 18,578 crore.
This implies that the Railways have to generate as much as Rs. 9289 crore revenue per month, which the Railways hope to achieve due to positive growth in loading.
According to a railway official, robust earning in other avenues like parcel and advertising would help the organization to meet the target.
The total earnings of Railways from April 2010 to January 2011 were Rs. 76,187.27 crore compared to Rs. 70,696.03 crore during the same period last financial year, which is an increase of 7.77 percent, said a Railway statement.
The total goods earnings have gone up from Rs. 47,761.20 crore during April-January period to Rs. 50,899.20 crore during the same period showing an increase of 6.57 percent.
The total passenger earnings during the first 10 months of the financial year 2010-11 were Rs. 21,336.94 crore compared to Rs. 19,387.76 crore during the same period last fiscal, registering an increase of 10.05 percent.
The revenue earnings from other coaching amounted to Rs. 2093.96 crore during April-January compared to Rs. 1,899.30 crore during the same period last financial year, showing an increase of 10.25 percent.