Railways making all out efforts to maximize its revenue

 
Rajya Sabha 

Railways are making all out efforts to maximize its revenue from its core activity of transportation of freight and passengers. In this direction, throughout enhancement works have been taken up for removal of capacity constraints in critical section for capturing more traffic. Numbers of passenger trains are being introduced and frequencies of existing trains are also being increased in order to increase passenger earnings. Besides, Railways are also exploring the avenues of revenue generation by commercial exploitation of railway land not required for operational purpose, especially in metro areas through development of commercial and residential complexes and through advertisements at prominent locations on railway land, trains and at stations. Additional revenue is also anticipated from setting up of budget hotels by Indian Railway Tourism and Catering Corporation. 

On the expenditure side, Railways are taking all possible measures for economy and austerity in every area, with emphasis on better utilization of assets and rolling stock, improved maintenance practices through superior and latest technology, right sizing and increasing the efficiency of manpower etc. Adequate funds are being provided for safety and security as per requirement. 

This information was given by the Minister of State for Ministry of Railways, Dr. R. Velu in a written reply in Rajya Sabha today.