Railway Board ‘unsure’ over resumption of companies

New Delhi, December 18

The Railways on Friday said it was not possible to provide a definite date for the resumption of normal train services and pointed out that it had seen a 87-per cent drop in the earnings from the passenger segment so far this year as compared to the last year.

Addressing a press conference, Railway Board Chairman VK Yadav said so far in the current fiscal, the Railways’ earnings from passenger revenue have been Rs 4,600 crore and estimates show that by March 2021, the figure is expected to rise to Rs 15,000 crore. Yadav, however, said the loss in the passenger segment will be overcome from the earnings through freight, which is expected to cross last year’s figures. He said by December, the national transporter had already achieved 97 per cent of last year’s loading.

Yadav said the Railways had suffered massive losses in passenger revenue due to the suspension of train services because of the Covid-19 pandemic. — PTI

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