Indian Railways Earns Nearly Rs 6,000 Crore More In 33 Days Of The Current Fiscal

[Surya 1]

Indian Railways Earns Nearly Rs 6,000 Crore More In 33 Days Of The Current Fiscal​

byArun Kumar Das-May 5, 2022 10:37 AM +05:30 IST

Goods being loaded on to locomotives. (Central Railway)

Snapshot​

• Indian Railways has made a significant incremental growth in earnings in both loadings and passenger segments in the last 33 days of the current fiscal.

Keeping up the momentum, Indian Railways has made a significant incremental growth in earnings in both loadings and passenger segments in the last 33 days of the current fiscal.
We have earned nearly Rs 6,000 crore more in this period of 1 April to 3 May this year as compared to the corresponding period last year, said a senior Railway Ministry official.
With the revival of economic activity, constant efforts are being made to augment more coaches and wagons to carry more passengers and goods by the railways.
There are about 300 more coaches being added in various trains to carry passengers besides running many summer specials to clear rush in April, said the official.
The railways carried 810 lakh passengers in the reserved class and 4,075 lakh in the unreserved class between 1 April and 3 May this year as compared to 343 lakh passengers in the reserved class and 1,814 lakh in the unreserved class during the corresponding period last year.
The passenger earnings have also increased in this period as the railways earned Rs 5,313.13 crore during the 33 days of the current financial year as compared to 1,783.52 crore in the same period last fiscal.
The loadings in coal, cement, fertiliser, petroleum products and foodgrains have shown growth in this period resulting in more revenue for the public transporter.
In the goods sector, the railways has carried 134.3 million tonnes (MT) in 33 days in 2022-23 as against 122 MT in the same period in 2021-22.
The national transporter earned Rs 14,313.65 crore in goods loadings in this period as against Rs 12,205.94 crore for the same period last year.
Besides, the revenue from parcel, advertisements and other sundry earnings also witnessed an increase. The railways earned Rs 362 crore as sundry earnings in this period.

Indian Railways Earns Nearly Rs 6,000 Crore More In 33 Days Of The Current Fiscal

swarajyamag.com

 

[Wiler87]

This is good since money collected in Freight subsidizes passenger travel by 50%.

 

[Surya 1]

Government's treasure is now flooded with extraordinary revenue generation by various by Taxation and by various other means. G auction is likely to generate unexpectedly high revenue.

 

[Andhadhun]

Railways To Set Up Solar Power Plants At 18 Stations In Northern Tamil Nadu​

Southern Railways is set to install solar power plants at 18 stations in northern Tamil Nadu. 17 of these stations are situated in Chennai and the suburbs of the metropolitan city.

The Tamil Nadu Pollution Control Board (TNPCB) has given its consent for the operation of the concerned plants.

The 18 stations are as follows: Avadi, Arakkonam, Beach, Chengalpet, Egmore, MGR Central, Jolarpet, Singaperumal Koil, Perungalathur, Guduvanchery, Tiruvallur, Mambalam, Palavanthangal, Guindy, Velachery, Tirutanni, Perambur and Tambaram.

“Our endeavour is to make Chennai division carbon neutral and zero waste. Chennai Central has become the first railway station of Southern Railway to meet its energy demand during day time with solar energy,” Chennai divisional railway manager Ganesh was quoted in a report by The Economic Times.

He added, “Nine 5KWp of solar plants have been provided in office, service and station buildings in Chennai division.”

Moreover, the authorities have provided 36 additional point-of-sale (PoS) to the passenger reservation and the integrated unreserved ticketing system counters to encourage more cashless transactios.

The Railways has also proposed rolling out 130 automatic ticket vending machines (ATVMs) at the concerned stations.

Ganesh also revealed that the speed of goods trains has been increased to 50 km/hour whereas mail and express trains in the division have maintained a punctuality of 94.5 per cent.

 

[Wood]

If coal prices continue to remain high because of international conflicts, then it makes renewable energy installations more feasible

 

[pikkuboss]

If coal prices continue to remain high because of international conflicts, then it makes renewable energy installations more feasible

Yes that's what we are seeing. Hardly hearing of any new coal based power plants, all solar, hydro, nuclear or wind.

 

[Wood]

Yes that's what we are seeing. Hardly hearing of any new coal based power plants, all solar, hydro, nuclear or wind.

The Germans are planning to spend on a lot on renewable power in near future. I think there will be a large order for solar panels from international buyers. China may take the cake, but I see good opportunity here for India as well. Think there was recent news about some solar manufacturers setting up manufacturing in India. India EU FTA will come in handy!

 

[pikkuboss]

The Germans are planning to spend on a lot on renewable power in near future. I think there will be a large order for solar panels from international buyers. China may take the cake, but I see good opportunity here for India as well. Think there was recent news about some solar manufacturers setting up manufacturing in India. India EU FTA will come in handy!

I think the Germans can help us with Electric Vehicles and Battery storages tech and take Solar panels from India. German companies can set up their own panel manufacturing factories in India and import from here, Chinese won't allow a German company to be competitive in China, they will force their own companies on the Germans. An FTA with EU would be sweet at this stage.