The Railways is targeting an operating ratio of 98.45 per cent for the fiscal year, compared to a revised ratio of 98.22 per cent in FY23. This means the Railways aims to spend about 298.45 for every 7100 it earns in FY24. During the last fiscal year, Finance Minister Nirmala Sitharaman had allocated 21.4 trillion for the rail sector. This year is the highest ever outlay in the history of Railways almost nine times the outlay made in 2013-14,” the finance minister said.
According to a senior official, Railways’ prime borrowing arm, Indian Railway Finance Corporation IRFC), has zero borrowings for the fiscal under review. This is a sharp change from over 21 trillion worth of borrowings in FY21.
This story is from the February 02, 2023 edition of Business Standard.
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This story is from the February 02, 2023 edition of Business Standard.
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