Indian railways revenue in 2019 to 2021: Here's how much it generated from sale of tickets, platform tickets
New Delhi: The losses incurred by the Indian Railways due to fare concessions given to passengers have been reduced to Rs 38 crore in 2020-21 from Rs 2,059 crore in 2019-2020, Railway Minister Ashwini Vaishnaw informed Parliament.
How
the
Losses
were
Reduced?
The
subsidies,
except
for
patients
and
students,
were
suspended
due
to
the
Covid
pandemic
which
cut
the
losses
to
the
Railways,
which
has
restored
many
of
its
pre-Covid
services
which
were
halted
because
of
the
pandemic.
The concessions, including the ones for senior citizens, are yet to be restored.
Railways
Revenue
Less
than
Operating
Cost
Responding
to
a
question
in
the
Lok
Sabha,
Railway
Minister
Ashwini
Vaishnaw
said
passenger
fare
is
highly
subsidised
and
the
revenue
generated
from
it
is
less
than
the
national
transporter's
operating
cost.
"Revenue foregone due to concessions on passenger fare to various categories of passengers during the financial year 2019-20 and 2020-21 is Rs 2,059 crore and Rs 38 crore respectively," he informed the House.
The railway concessions have been a hotly-discussed topic even as multiple committees had recommended the withdrawal of concessions in the past. The Centre in July 2016 made concession for the elderly optional while booking tickets.
Indian
Railways
Revenue
from
Tickets
From
the
sale
of
passenger
tickets,
the
Railways
generated
50,669.09
crore
revenue
in
2019-2020
and
it
dropped
to
Rs
15,248.49
crore
in
the
following
year
hit
by
Covid-19.
Till
September
this
year,
the
amount
generated
from
passenger
fare
is
Rs
15,434.18
crore,
the
Railways
Minister
said.
It has to be noted that trains were run as specials with marginally higher prices and it was withdrawn only last month. The ministry also increased the prices of platform tickets during the Covid crisis and it was withdrawn last month by the zonal railways.
"Ministry of Railways has delegated powers to Zonal Railways in March 2015 to increase the rate of platform tickets beyond Rs 10 to regulate rush in platforms during specific occasions like mela etc. Accordingly, Railways exercise these powers as per their requirements," Vaishnaw said.
Railways
Earnings
from
Platform
Tickets
The
Railways
generated
Rs
160.87
crore
from
the
sale
of
platform
tickets
in
2019-20
and
in
the
Covid-19
year,
it
stood
at
Rs
15.48
crore.
Till
September,
it
has
raked
in
Rs
60.79
crore,
Vaishnaw
said
in
the
parliament.
With
inputs
from
PTI