2016-17 Union Railway Budget Thursday Feb 25,2016 - Railways' Earning Falls Short of Target by Rs. 15,000 Crore

Railways' Earning Falls Short of Target by Rs. 15,000 Crore

Railways' revenue from passenger fares as well as freight rates is expected to fall short of the Budget target by Rs. 15,744 crore in the current fiscal.

While it had budgeted to earn over Rs. 1.83 lakh crore in 2015-16, as per the revised estimates it is going to earn about Rs. 1.67 lakh crore.

Railways Minister Suresh Prabhu attributed the shortfall to tepid economic growth due to global slowdown.

"Historically declining model share of Indian Railways, which dropped from 62 per cent in 1980 to 36 per cent in 2012, is continuing to exert pressure on the institution," Prabhu said presenting the Rail Budget for 2016-17.

Indian Railways has budgeted to earn from fares and freight Rs. 1.84 lakh crore, which is about 10 per cent increase over the revised estimated for the current fiscal, ending on March 31,2016