2016 for Indian Railways: Shortfall of about Rs 14,000 crore in total revenue earnings
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The year 2016 will also be remembered for government taking a historic decision of doing away with separate Rail Budget, Railways undertaking much-awaited changes in restructuring of its administration aiming at introducing accountability in functioning.
On the sunny side, the year saw introduction of new class of services like Mahamanya Express, Gatimaan Express and
Owing to less loadings demand and poor growth in passenger bookings in 2016, there was a shortfall of about Rs 14,000 crore in total revenue earnings besides the cross-subsidy in passenger segment touching at Rs 33,000 crore and the
Acknowledging the difficult market condition that the national transporter witnessed during the year, Railway Minister
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He further said, "There are perpetual issues, like salary burden of Railways is very high. The costs are pre-determined so we can't do nothing about it. The revenues are dependent on five commodities. So expenditure is a challenge for Railways. We will start addressing these challenges in 2017 more."
However,
However, derailment of 14 coaches of
Though
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