New Delhi, the total earnings of the Railways and spending from their operations when compared with its cross subsidy records revealed that it has been presented in Parliament recently in the financial year 2022-23, more than 5,000 crores, Competolar and Auditor General’s report, recently.
CAG found that after working on its earnings and expenditure, Railways presented net profit 2,517.38 crore, when the loss in passenger services was compensated with benefits from goods services, it showed net losses 5,257.07 crores.
The audit has shown that the total work of the railway was expenses 2,37,659.58 crore while passenger, coaching, goods and other services were earned 2,40,176.96 crore 2,517.38 crores.
On the other hand, the fiscal record related to the cross subsidy of passengers and other coaching services showed that there was a total expenditure in operating all types of trains 2,45,393.71 crore and the total revenue receipt from all trains and diverse services was 2,40,136.64 crore lost 5,257 crores.
“From above, it can be seen that the total work expenditure in the summary of fiscal transactions is understood,” the CAG said.
It states, “The true operational ratio will not be reflected by the understood expenditure. Keeping in mind the expense or 101.33.”
The audit found that when taking net profit 2,517.38 crore, railway or 98.10 percent.
“A high ratio indicates a poor capacity to generate surplus. Against the target of 96.98 percent in budget estimates, or the railway was 98.10 percent in 2022-23. This meant that the railway spent railway spent was spent. To earn 98.10 100.00, “The report states.
According to the summary of cross subsidy, railway generated 74,289.66 crore from all passenger operations services 1,65,846.98 crore from goods operating 2,40,136.64 crore as total revenue receipts in 2022-23.
As far as its expenses were concerned, its expenses were erected on goods services. 1,11,062.87 crore and passenger services 1,34,330.84 crore overall 2,45,393.71 crore.
Financial record further suggested that Railways damaged 60,041.18 crore from passenger services 54,784 crore in goods services.
“Loss of” The passenger operations were abandoned during 5,257.07 crore 2022-23. Audit said that benefits from freight traffic were used to overcome the loss on the operation of passengers and other coaching services.
The report also recorded the biggest operational loss from sleeper class, ordinary class and second class. 17,819.21 crores, 17,076.90 crore and 16,357.02 crores.
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