Yesterday I also caught the most important #heritage unit of the most historic railroad on the east coast, NS 1073 the "Penn Central" heritage unit. I waited my whole life for this moment and it was finally here. #choochlife
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.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.
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.
2 1183 hours ago
After weeks of floods and never ending rains that disrupted train services in the state of #Kerala, the @irctc_official have resumed normal services in North Malabar. The state and it’s people have suffered over the last few days and this is a welcome sight 🚄🇮🇳 #KeralaFloods