Rail News

Railways Will Suffer a Loss of 35,000 Crores Due to COVID in 2020-21

The lockdown imposed due to COVID-19 led a temporary ban on the movement of trains since the last week of March. Now, according to several reports, Railways can suffer a loss of 35,000 crores in this financial year.

 

Rail News: The deadly coronavirus outbreak continues in the country. Indian Railways’ passenger service has come to a standstill since March. Now the railway has said that due to lockdown, the railways could suffer a loss of 35 thousand crores in the financial year 2020-2021.

 

Indian Railways Operates Only 230 Special Trains

 

The Railway Ministry has said, “We are running only 230 special trains. Last year, the railways earned about 50,000 crores rupees from passenger trains. Railway Board Chairman Vinod Kumar Yadav said in a press briefing that right now we do not know what the condition of coronavirus will be in the future.

 

Also Read: Indian Railways is Constructing India’s First Cable Rail Bridge

 

Railways Earnings Depend Only on Freight Trains

 

Vinod Yadav said that the railway is dependent on its freight revenue in this financial year. Freight income will increase by 50 per cent over the previous year. Yadav said that we are expecting to earn 10-15% from the passenger segment. Due to this, we are in a loss of 30,000 to 35,000 crores. But we will try to compensate for this loss by freight trains.

 

 

The Railway is Monitoring the Property with Drones

 

Because of the Corona crisis, passenger trains are still not operational, and trains have been standing at various stations. In light of the possibility of theft of railway assets, they are being monitored with a drone. The South Eastern Railway Administration is using drones to protect its holdings at Howrah, Kharagpur and other major stations.

 

44 Vande Bharat Trains to Run in the Next Three Years

 

Railways have said that the Vande Bharat trains will now be constructed in not only one, but three railway units, and within the next three years these trains will come into the rail network. Yadav said that the trains would be built simultaneously in three railway units, the Railway Coach Factory, Kapurthala, Modern Coach Factory, Rae Bareli and Integral Coach Factory, Chennai.

 

Yadav said, “A few months ago it was decided that three railway manufacturing units would build these trains, which would reduce the time taken to create them. Forty-four trains will start running in the next two to three years. Once the tender is finalized, a fixed period will be made available. ”

 

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Author: Aashish Ranjan


Aashish Ranjan has worked as News Reporter & Content Writer with 3 years of expertise in assigning, shaping and directing news stories. He is dedicated to covering all relevant news with speed & accuracy. He has graduated in Mass Communication fro

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Author: Aashish Ranjan


Aashish Ranjan has worked as News Reporter & Content Writer with 3 years of expertise in assigning, shaping and directing news stories. He is dedicated to covering all relevant news with speed & accuracy. He has graduated in Mass Communication fro