FINANCIAL PERFORMANCE OF RAILWAYS IN FIRST QUARTER
The Railways gross
earnings during the first quarter of the current financial year
ending June, 2003 are Rs. 10,181 crores as compared to Rs. 9,940
crores, thus, recording an increase of Rs. 241 crores.
Overall, financial
performance of Indian Railways during the year 2002-2003, has
been excellent as the operating ratio was 92.34 per cent against
the originally budgeted 94.4 per cent and revised estimate target
of 92.5 per cent. The operating ratio for the previous year was
96 per cent. The operating ratio was the lowest in last five years.
During the year,
railways earned Rs. 41,148 crores, which were 8.7 per cent higher
than the previous year 2001-2002. Passenger earnings increased
by 12.3 per cent and goods earnings by 6.7 per cent.
Gross traffic
receipts were Rs. 41,068 crores, which were higher by Rs. 3230
crores than receipts of 2001-2002 and, therefore, the increase
was 8.5 per cent over 2001-2002.
Total unrealized
earnings at the end of March 2003 were Rs. 2,169 crores.
Net revenue of
railways was Rs. 3,830.5 crore, which was higher by Rs. 1493 crores
than net revenue of previous year 2001-2002.
During the year,
Railways also paid Rs. 50 crores out of accumulated deferred dividend
liability after meeting the dividend liability of Rs. 2,665 crores
for the year 2002-2003.
Total plan expenditure
during 2002-2003 was Rs. 11,408 crores. This comprised Rs. 4,264
crores from capital, Rs. 2,141 crores from internal resources,
Rs. 2,486 crores from Special Railway Safety Fund and Rs. 2,517
crores from market borrowings. The plan expenditure during 2001-2002
was Rs. 10,177 crores.
