Anyway, we are alive to the situation and are implementing a strategy to manage this,” Railway Board Chairman V K Yadav told The Indian Express. The shortfall in freight earnings vis-a-vis the budgeted target is around Rs 8,600 crore. As a result, freight earnings have grown by only 2.8%, whereas the growth was to be over 12% this year for the Budget calculations to fall into place, said officials. On the expenditure front, Railways had budgeted ordinary working expenses at around Rs 1,55,000 crore this fiscal. However, it spent Rs 68,000 crore by August-end, which is around Rs 1,800 crore more than what was expected.

Source: Indian Express September 29, 2019 23:03 UTC