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Covid impact: Indian Railways suffers 70% drop in passenger revenue

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₹15,248.59 crore in FY21 as compared to ₹50,669.09 crore in the previous fiscal. The sharp fall in passenger revenue was, however, compensated to some extent by a rise in freight revenue which rose from a level of ₹1,13,487.89 crore in FY20 to ₹1,17,231.82 crore in FY21.

The Sundari other revenue of the railways also increased marginally. Even with higher freight earnings, the total traffic revenue of railways fell by over ₹34,144.86 crore from a level of ₹1,74,660.52 crore in FY20 to ₹1,40,515.66 crore.

While railways will need to look for other sources of revenue in Budget 2022-23 to keep its operational ratio from sliding further, the exercise could see a rise in freight charges to mitigate overall fall in traffic revenue.Never miss a

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