Top News
Railways’ operating ratio crosses 111 per cent-mark in July
By Arun Kumar Das
New Delhi, Aug 19 (IANS) How much did Indian Railways spend to earn every Rs 100 in April-July this year?
In this period, the national transporter set a record-high operating ratio of 111.51 per cent – which means it spent Rs 111.51 to generate every Rs 100, reflective of lower growth in traffic against the set target and heavy outgo on account of increased pension liability and working expenses.
Operating ratio is a gauge of operational efficiency that measures expenses as a proportion of revenue. It indicates the organisation’s operating expenses divided by its operating revenues, which helps to check its performance.
A higher ratio in railways indicates less ability to generate surplus funds that could be used for capital investments such as laying new lines and deploying more coaches.
Facing stiff competition from other modes of transport in carrying people and freight, the Railways earned Rs 17,273.37 crore from passengers against a target of Rs 17,736.09 crore in the first four months of the current fiscal, according to data put together by the Railways’ finance wing.
Railways’ goods earnings were also below the budget projection during April-July 2018 at Rs 36,480.41 crore as against the target of Rs 39,253.41 crore.
The total earnings of the Railways for the current fiscal ending July is Rs 56,717.84 crore against the target of Rs 61,902.51 crore.
Working expenses have exceeded the budget projection for the April-July period — the Railways incurred Rs 52,517.71 crore as ordinary working expenses against the target of Rs 50,487.36 crore.
“Besides the working expenses, there are other expenditures which are causing operating ratio to exceed the target,” a senior Railway official told IANS.
The pension liability, expenditure of Railway Board and railway institutions apart from the ordinary working expense which has far exceeding the total incomes during April-July 2018 resulting in operating ratio touching 111.51.
After the implementation of the 7th Pay Commission, the total pension outgo has been estimated at Rs 47,000 crore, which means railways has paid about Rs 12,000 crore during the period under review.
However, the official said this was a lean period for traffic and typically operating ratio improves in the last quarter of a financial year.
The operating ratio has been hovering above 90 per cent for the last five or six years.
For the whole of financial year 2018-19, operating ratio is estimated at 92.8 per cent as against 96 per cent in 2017-18. There are high hopes on freight earnings with estimated increase of 51 million tonnes in 2018-19.
“The last three months of the fiscal are crucial when freight picks up pace and we are hopeful that we will achieve the target,” the official said.
The Railways has earmarked its highest ever capital expenditure of Rs 1.48 lakh crore for the current fiscal and has also focused on capacity augmentation, electrification, station redevelopment and overall infrastructure upgradation.
(Arun Kumar Das can be contacted at [email protected])
–IANS
arundas/sac/mr
Top News
Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.
Foodman Vishal Singh Honored for Hunger Free World Mission in Bangkok
Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
Cheers and Cheers: Barzilla’s Joyful Ode to Inclusivity and Celebration
Casino Days Reveal Internal Data on Most Popular Smartphones
Meghalaya Reserves Legalized Gambling and Sports Betting for Tourists
IPL 20202 UPDATE: KXIP vs MI IPL Dream11 Team Prediction for Today Match, Update Point Table of all Team.
In a Live debate AAP leader Syed Asad Abbas hurls abuses to BJP spokesperson Nupur Sharma.
‘India’s Most Wanted’ trailer out Arjun Kapoor on hunt of Osama-Bin-Laden
Time to move on: Sonakshi on Shatrughan’s joining Congress
