Indian Railways Income: Indian Railways has good news. By the end of August 2022, Railways’ total revenue had increased by 38% to Rs 95,486.58 crore. The amount was Rs 26,271.29 crore during the same time last year. During this time, the Railways reportedly brought in an additional Rs. 69 thousand crores in revenue. On Sunday, information was released in a formal statement.
Compared to last year, there was an increase in passenger volume.
According to a statement released by the Railways, passenger traffic generated Rs 25,276.54 crore in revenue during the review period, an increase of 116 percent from the previous year. This amount was Rs 13,574.44 crore a year ago. Compared to last year, there has been an increase in the number of passengers traveling in both reserved and non-reserved classes.
According to Railways, long-distance reserved mail express trains have grown at a faster rate than residential trains. The revenue from other coaching was Rs 2,437.42 crore, which is 50% more than it was during the same time last year. According to the statement, the parcel segment experienced rapid growth. At the end of August this year, goods revenue increased by Rs 10,780.03 crore to Rs 65,505.02 crore.
On the other hand, from the railway side, semi-high speed trains are constantly in the spotlight. The third Vande Bharat train, which was created at ICF in Chennai, is currently undergoing testing. An official announcement to operate on its commercial route will be made soon. By August 15, 2023, the government intends to operate 75 new Vande Bharat trains. The Railways will earn more money as a result of this.
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