Financial Performance of Railways in 2013-14

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....inancial Performance of Railways in 2013-14 <br>News and Press Release<br>Dated:- 8-7-2014<br><BR>The Minister of Railways Shri D. V. Sadananda Gowda, while presenting the Railway Budget for 2014-15 in Parliament today, said that the financial position of Railways has undergone a change since presentation of Interim Budget and passing of the 'Vote on Account' in February last. He gave the details ....

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....as under :- 1. Since presentation of Interim Budget and passing of the 'Vote on Account' in February last, financial position has undergone a change. Railways carried 1050.18 million tonnes. Goods Earnings were short only by &#x20B9; 94 crore. Originating passengers, also, were less by 46 million over Revised target and Passenger earnings were short by &#x20B9; 968 crore over Revised target. 2. ....

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....Over all, though the Gross Traffic Receipts grew by 12.8% to reach &#x20B9; 1,39,558 crore, it was short of Revised target by &#x20B9; 942 crore. On the other hand, Ordinary Working Expenses stood at &#x20B9; 97,571 crore, which was in excess by &#x20B9; 511 crore. 3. Appropriation to Pension Fund had to be stepped up to match the actual outgo. 4. As a result, instead of ending the year with a s....

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....urplus of &#x20B9; 7,943 crore, the surplus was actually &#x20B9; 3,783 crore i.e., a shortfall of &#x20B9; 4,160 crore. This is after fulfilling the dividend commitment of &#x20B9; 8,010 crore. 5. The internal resource generation for Plan, in 2013-14, was &#x20B9; 11,710 crore, as against Revised target of &#x20B9; 14,496 crore. This is short by &#x20B9; 2,786 crore. 6 In 2013-14, there was a d....

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....ecline in traffic growth as compared to Revised projections. Expenditure however, shot up and was more than what was estimated. The Operating Ratio deteriorated by 2.7% over Revised target to touch 93.5% by end of 2013-14 fiscal. 7. As far the Plan Expenditure for 2013-14 is concerned, it fell short of Revised target of &#x20B9; 59,359 crore mainly due to non-materialization of PPP targets.<BR> N....

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....ews - Press release - PIB....