Indian railways reels under cash crunch

Source:  www.dnaindia.com

In order to tide over its financial crunch, Railways is mulling over a plan to generate Rs 2,000 crore as additional revenue from non-tariff sources like advertisements on all rail assets including unused land, train and stations.

A policy will be formulated to promote and generate revenue from advertisements on trains and stations in a big way as recommended by D K Mittal committee, a senior Railway Ministry official said.

The high-level committee, constituted to suggest ways and means to generate additional revenue for the ailing national transporter, had submitted its report to Railway Minister Suresh Prabhu last month.

Recommending several steps, the Mittal committee has set a target of Rs 2,000 crore as earning through non-tariff route in 2015-16 and Rs 8,000 crore by 2018-19. More info

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