Non-fare Indian Railways revenue at over Rs 400 cr during 2017-2019: Piyush Goyal
Indian Railways, from its non-fare revenue, has earned Rs 204.10 crore and Rs 223.53 crore during financial years 2017-18 and 2018-19 respectively.
Indian Railways from its non-fare revenue as earned Rs 204.10 crore and Rs 223.53 crore during financial years 2017-18 and 2018-19 respectively. Railway Minister Piyush Goyal informed about the railway earnings in the parliament on June 26th. He informed these developments while replying to a question in the Lok Sabha. In his reply, Goyal further informed that the total sundry earnings of Indian Railways for 2018-19 were, however, Rs 6,996.22 crore (provisional).
"Overall, Indian Railways is not incurring losses. During 2017-18 and 2018-19, the surplus generated by Indian Railways was Rs 1,665.61 crore and Rs 3,774.51 crore (provisional) respectively," he said. The minister further said that in order to generate more revenue, the railways has issued policies for generating non-fare revenues from sources such as mobile assets, out of home advertising, rail display network and content on demand.
The Railway Minister Piyush Goyal also informed the parliament about the cost of making a luxurious vistadome coach, which has a glass ceiling. In his written reply, Goyal informed that the vistadome coaches production cost would cost around Rs 4 crore. He further informed the lower house of the parliament that the railways has 13 such coaches and some of them have infotainment systems.