India’s ministry of electronics and information technology has issued fresh notices to make permanent a ban imposed on video app TikTok and 58 other Chinese apps in June, Indian media reported late on Monday.
How do Indian Railways earn revenue?
Rail freight accounted for the highest share of the total railways revenue across India with approximately 65 percent in financial year 2020. That year, around 1.2 billion metric tons of freight was carried by the Indian Railways. Coal was the major commodity being carried across the country.
Is Indian Railway in profit?
Railways registers 70% loss in passenger earnings; sees profit in freight. … The total passenger revenue between the period April 2020 to February 2021 is Rs 12,409.49 crores as against the Rs 48,809.40 crore for the corresponding period the previous year.
What is the major source of revenue for Indian Railways?
Railways earns its internal revenue primarily from passenger and freight traffic. In 2016-17, freight traffic contributed to about 63% of the internal revenue. In comparison, passenger traffic contributed to about 28% of the internal revenue.
Do railways make a profit?
How much profit do train companies make? On average train operating companies make two percent of profit, however not all train operators make a profit, and they only make a profit if they run their franchises successfully, which means attracting more passengers to travel and by offering a good service.
Is Railway a PSU?
Indian Railways Finance Corporation, Rail Vikas Nigam and Konkan Railway Corporation are among the PSUs finding a mention in the Budget. The Indian Railways has 11 PSUs under it.
Is Railway Privatised in India?
The sources of opposition
Union railway minister Piyush Goyal stated that Indian Railways will “never be privatised” but added that private investment should also be encouraged to enhance passenger services and improve infrastructure.
How much does Indian Railway earn in one day?
The national transporter earns about ₹145-150 crore per day ferrying passengers across India, translating into annual revenue of about ₹53,000 crore.
Is Railway going to be Privatised?
The infrastructure of Indian Railways will never be privatised,” Goyal said. The Union minister said that private investment should be welcomed in order to improve railway services across the country.
How many train run everyday in India on an average?
It has 115,000 km of track length. It runs 12,617 trains to carry over 23 million passengers daily – equivalent to moving the entire population of Australia – connecting more than 7,172 stations. 3) Railways runs more than 7,421 freight trains carrying 3 million tonnes (MT) of freight every day.
Which railway zone has the highest earning in India?
East Coast Railway remains India’s most profitable railway zone with freight traffic crossing the 200 million ton mark for the second year in a row. With an operating ratio of 47.71%, ECoR remains the most profitable zone of Indian Railways.