The Indian Railways (IR) has once again fallen short of its earnings target in the first nine months of this fiscal (FY19) despite witnessing a healthy year-on-year increase. This meant a decline in freight earnings. Two, the IR subsidises passenger travel through freight earnings and this means each passenger is being transported at a loss. It is interesting to see that the significant gap between earnings target and actual earnings for the nine-month period does not hold true if we consider numbers for just the month of December. Last month, passenger earnings breached the monthly target while freight earnings narrowed the gap from the target, against comparisons with the nine-month period.

Source: dna January 08, 2019 23:48 UTC