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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