India

Railways forecasts a rise in income and anticipates closing the fiscal year at Rs 2.35 crore

Overcoming three years of slowdown in its earnings generated by the Covid epidemic, the Railways Thursday crossed its last fiscalā€™s revenue statistics, with 71 days to go until this financial year.

At a total income of Rs 1,91,128 crore, the revenue received from passenger and freight segments is roughly Rs 42,370 crore more than what it was by this time last fiscal, Railways Minister Ashwini Vaishnaw stated on Twitter Friday.

The Railways anticipates ending current fiscal year with a revenue of Rs 2.35 lakh crore, according to authorities. Since April, public transportation owned by the central government had transported 1.185 billion tonnes of freight by Thursday. It has carried 63.48 crore people so far, which is a roughly 7 per cent growth in passenger counts, states data.

In addition, its capital expenditures on construction have climbed by around 20% compared to this time last year.

The Railways will continue to roll out an increasing number of Vande Bharat trains, as planned. The next big update would be the ones with sleeper berths as opposed to seating-only train sets being put out today. According to the previous budget declaration, the Railways will roll out 400 more Vande Bharat trains in the coming years.

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Nisha

Hi, my name is Nisha and I'm an educational journalist based in India. I've always been passionate about the power of education to transform lives, and that's what led me to pursue a career in journalism focused on this area. I completed my Bachelor's degree in English from Hindu College in Delhi in 2013 and then went on to earn my Master's in Journalism and Mass Communication from the Indian Institute of Mass Communication in 2017. During my studies, I also completed several short-term courses on Education in India, Sociology, and other related subjects to deepen my knowledge in this field. I'm particularly interested in improving access to quality education in rural areas, where students often face significant challenges. I've worked on a number of initiatives to address this issue, including advocating for better policies, resources, and practices that can make a difference. As an educational journalist, I'm passionate about using my platform to highlight important issues in the education space. I've covered a wide range of topics, including the impact of technology in the classroom, innovative approaches to teaching and learning, and the challenges facing students from marginalized communities. One of the things I love most about my work is the opportunity to constantly learn and grow. I'm an avid reader and believe that reading is key to expanding one's knowledge and perspective. I'm always seeking out new ideas and insights to help me better understand the world around me. In summary, as an educational journalist, I'm dedicated to using my skills and expertise to make a positive impact in the field of education. I'm committed to improving access to quality education for all students and to using my platform to raise awareness about important issues in this area.

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