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Indian Railways revenue earnings up 3.43% in April

Indian Railways revenue earnings up 3.43% in April
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First Published: Tue, May 19 2009. 05 20 PM IST
Updated: Tue, May 19 2009. 05 20 PM IST
New Delhi: Revenue earnings of state-run Indian Railways rose by 3.43% to Rs66.35 billion in April from a year ago, mainly on account of a rise in goods transport, an official statement said on Tuesday.
“The total approximate earnings of Indian Railways on originating basis during the financial year 2008/09 were Rs803.38 billion compared to Rs723.38 billion during fiscal 2007/08, registering an increase of 11.06%,” it said.
In April, total passenger revenue receipts were up 3.29% and stood at Rs18.53 billion compared to Rs17.94 billion a year ago.
Despite slowdown in economic activities and fall in exports, Indian Railways succeeded in attracting higher freight traffic, which rose by 2.07 million tonnes in the first month of fiscal year 2009/10 and touched 69.85 million tonnes.
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First Published: Tue, May 19 2009. 05 20 PM IST