Coronavirus Effect: Rall A Reign Earnings Dip 10.7 % In March
We're offering this story for free to read so that you can stay updated on the COVID-19 outbreak
Coronavirus Effect: Rall A Reign Earnings Dip 10.7 % In March
The outbreak of coronavirus disease (COVID-19) and the resultant drop in economic activity has dragged down Indian Railways’s freight earnings by 10.72 per cent so far in March, compared to the corresponding period last year.
Shine Jacob

The losses are likely to increase during the 21-day lockdown announced in the country.

The decline in March has led to a 0.28 per cent reduction in annual earnings till March 26 to 21.22 trillion, compared to a year ago. With five days left in the month, freight loading is expected to decline further because of the lockdown. In financial year 2018-19 (FY19), there was an 8.86 per cent increase in freight earnings over FY18. The lower numbers this year would mean that the national transporter is likely to fall well short of its revised earnings target of ₹1,37,433 crore.

articleRead

You can read upto 3 premium stories before you subscribe to Magzter GOLD

Log-in, if you are already a subscriber

GoldLogo

Get unlimited access to thousands of curated premium stories and 5,000+ magazines

READ THE ENTIRE ISSUE

March 27, 2020