Earnings shortfallThe Indian Railways’ income stood at ₹80,519 crore till September compared with ₹76,405 crore till September last year. However, the actual income was 8.45% lower than the targeted earnings till September this year. We may demand Finance Ministry to fund the entire amount towards RRSK for current financial year in the pre-budget meeting next month,” the Ministry official said. Safety fundFinance Minister Arun Jaitley had announced the setting up a special safety fund with a corpus of more than ₹1 lakh crore over a period of five years in Budget 2017-18. According to the plan, while the Finance Ministry would contribute ₹15,000 crore annually towards the fund, the Ministry of Railways would fund the balance ₹5,000 crore every year.

Source: The Hindu October 22, 2017 18:56 UTC