INSUBCONTINENT EXCLUSIVE:
Railways' salary bill in 2017-2018 increased by around Rs 10,000 crore.
New Delhi: Railways' operating ratio, the direct indicator of working of the
government-run transporter, could settle at 98.5 per cent for 2017-2018, recording its worst performance ever since 2000-2001 when it was
98.3 per cent, an official said.He said the number reflects the increased burden of allowances and pensions that have gone up because of the
revision in the 7th Pay Commission.An operating ratio of about 98.5 per cent in FY18 would mean a dip of more than two per cent in the
revised 96 per cent figure announced in the February budget
The operating ratio indicates how much railway spends to earn a rupee.The official also said that less than expected revenues from
monetisation of assets and dividend from PSUs going directly to the Finance Ministry after the merger of budget made things worse for the
national transporter.Railways' salary bill in 2017-2018 increased by around Rs 10,000 crore, while pension liability rose from Rs 10,795
It also carries the load of a Rs 33,000 crore passenger subsidy.The operating ratio has been hovering above 90 per cent for the last six
In 2013-14, it was around 94 per cent.The operating ratio target for the current year has been set at 92.8 per cent.(Except for the
headline, this story has not been edited by staff and is published from a syndicated feed.)
