Indian Railways chugs along despite hiccups

By PTI  timesofindia.indiatimes.com

The Railways had to grapple with shortfall in revenue targets and “unbearable burden” of Pay Commission recommendations in 2015 and hopes to address the twin issues next year.

2Though earnings were up by 6.67 per cent up to December 10 as compared to last year, there was a decline in meeting the target. Railways’ earnings till December 10 were Rs 1,11,834.32 crore as against the target of Rs 1,22,639.16 crore, a decline of 8.8 per cent.

“In 2015, one of the challenges we have been facing is not getting enough cargo. So revenues are down. Because steel, cement, iron ore demand is very bad. Import and export are down. These are sources for cargo. More info

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