Financial Performance of Railways during 2014-15

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....inancial Performance of Railways during 2014-15 <br>News and Press Release<br>Dated:- 26-2-2015<br><BR>Railway Minister Shri Suresh Prabhkar Prabhu has said that the passenger earnings which were budgeted to increase by 22.2% have been scaled down to 17.7% keeping in view the persistent negative growth trend, particularly in non suburban non-PRS segment of travel. Presenting the Railway Budget 201....

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....5-16 in Parliament today, he said there is a net reduction in Gross Traffic Receipts by &#8377; 917 crore in RE compared to the BE of &#8377; 1,60,165 crore. The Railway Minister said Ordinary Working Expenses (OWE) in BE were provided for at an increase of 15.5% over 2013-14 which has been scaled down to 11.7% in the RE. Taking into account the likely savings accruing from drop in prices of HSD....

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.... (High Speed Diesel) for traction partly offset by higher requirements under certain heads for maintenance, safety and cleanliness activities, the budgeted OWE of &#8377; 1,12,649 crore have been decreased in the RE 2014-15 to &#8377; 1,08,970 crore i.e. by &#8377; 3,679 crore. He said BE provided for an appropriation of &#8377; 28,865 crore to Pension Fund. However, based on trend, the pension ....

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....outgo has been assessed to be higher than the provision made in BE. Accordingly, appropriation to the Pension Fund has been increased to &#8377; 29,540 crore in RE. Internal resource generation also improved and accordingly the appropriation to DRF has been scaled up to &#8377; 7,975 crore in RE from the BE 2014-15 provision of &#8377; 7,050 crore. Shri Prabhu said after taking into account the ....

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....above, &quot;Excess&quot; of receipts over expenditure stands at &#8377; 7,278 crore in RE 2014-15. With the above estimates, the targeted Operating Ratio is 91.8% against 92.5% in BE, which is an improvement of 0.7% percentage point over BE and 1.8% over 2013-14. Plan size for 2014-15 has increased from &#8377; 65,445 crore in the B.E to &#8377; 65,798 crore in the Revised Estimates i.e. by &#837....

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....7; 353 crore with higher provisions under internal resource component and market borrowings for rolling stock requirement.<BR> News - Press release - PIB....