TaxTMI 
TaxTMI 
Ordinary Working Expenses in the R.E. 2015-16 decreased by 8,720 crore
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....rdinary Working Expenses in the R.E. 2015-16 decreased by 8,720 crore <br>Budget<br>Dated:- 25-2-2016<br><BR>Net reduction in Gross Traffic Receipts by ₹ 15,744 crore in R.E. 2015-16 Excess of receipts over expenditure in R.E. 2015-16 stands at ₹ 11,402.40 crore Financial Performance 2015-16 The Minister of Railways Shri Suresh Prabhakar Prabhu while presenting the Railway Budget 20....
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....16-17 in the Parliament today placed the Financial Performance data for 2015-16. The Railway Minister said that there is a net reduction in Gross Traffic Receipts by ₹ 15,744 crore in R.E. 2015-16 compared to the B.E. target of ₹ 1,83,578 crore. Passenger earnings were budgeted to increase by 16.7% over R.E. 2014-15. However, the actual growth target for 2015-16 was 18.9% since passen....
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....ger earnings in 2014-15 fell short of the R.E. target. This has been scaled down keeping in view the persistent negative growth trend since 2013-14 both in the sub-urban and non sub-urban non-PRS segments of travel. Similarly, in freight earnings, though B.E. 2015-16 was projected at ₹ 1,21,423 crore with a loading target of 1186.25 million tonne (MT) and an average lead of 626 km, the growt....
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....h has been impacted mainly on account of low demand from the core sector resulting in resetting the target in R.E. 2015-16 to ₹ 1,11,853 crore. Shri Suresh Prabhu said that the decline in traffic earnings vis-à-vis budgeted target from the trends witnessed from the first quarter of the fiscal had guarded us to adopt several measures to contain the Ordinary Working Expenses (O.W.E). T....
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....he Minister said that Indian Railways initiated stringent economy and austerity measures particularly w.r.t. the controllable heads like inventory, variable costs and contingent expenditure, due to which the budgeted O.W.E. of ₹ 1,19,410 crore decreased in the R.E. 2015-16 to ₹ 1,10,690 crore i.e., by ₹ 8,720 crore. Savings in working expenses helped us to appropriate to Railway ....
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....Debt Service Fund to provide for the 7th Pay Commission. Thus O.W.E. in R.E. 2015-16 provides for a growth of only 4.4%. On Indian Railways, the total number of pensioners is 13.79 lakhs. B.E. provided for an appropriation of ₹ 34,900 crore to the pension fund. However, based on trends, the pension outgo has been moderately decreased to ₹ 34,500 crore in R.E. The Railway Minister adde....
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....d that internal resource generation diminished and accordingly the appropriation to DRF has been moderated to ₹ 5500 crore in R.E. from the B.E. 2015-16 provisioning of ₹ 7,900 crore. Excess of receipts over expenditure in R.E. 2015-16 stands at ₹ 11,402.40 crore. With the above estimates, the targeted operating ratio in R.E. is 90% against 91.3% in 2014-15 and 93.6% in 2013-14. ....
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....Plan size for 2015-16 is currently estimated at ₹ 1,00,000 crore i.e., the B.E. level.<BR> News - Press release - PIB....