For the first time in the current financial year, the income from passenger services of Indian Railways has been more than the expenditure. In the second quarter, the revenue of Railways from this category has been Rs 2,325 crore.
The strict lockdown implemented in the last week of March was also hit on Indian Railways. The passenger trains of the railway were stopped. Due to this, the earnings of the railway were also affected. At the same time, now the railways have started limited travel services, then they have started earning. This is the reason that for the first time in the current financial year, the income from passenger services of Indian Railways has been more than the expenditure. In the second quarter, the revenue of Railways from this category has been Rs 2,325 crore.
First quarter loss: According to the information received under the Right to Information (RTI), for the first time in the history of 167 years, Indian Railways refunded people more than the proceeds from ticket booking in the first quarter of the current financial year. In this way, the railways’ income was less than the expenditure i.e. Rs 1,066 crore. However, earnings from railway freight remained strong. It increased by Rs 5,873.64 crore in the second quarter as compared to the first quarter.
In which month, how much loss: In the first quarter of the financial year 2020-21, the railway passenger services were completely closed due to the Coronavirus crisis. In such a situation, Railways lost Rs 531.12 crore in the passenger segment, Rs 145.24 crore in May and Rs 390.6 crore in June. According to the data, there has been an improvement in income from the passenger services section of the railways due to the resumption of passenger services and the operation of 800 trains in a phased manner.
Railways reported an income of Rs 560.99 crore from this section in July, Rs 830.55 crore in August and Rs 934.16 crore in September. Thus, in the July-September quarter of 2020-21, the total revenue from railway passenger services stood at Rs 2,325.7 crore. At the end of the second quarter of the current financial year, the total revenue from passenger fares of Indian Railways stood at Rs 1,258.74 crore. While the income from freight stood at Rs 49,347.62 crore.