No official Railway Board PDF has been traced for this entry yet. The text below was read from the document held in the library.
| Date | 2022-07-09 |
|---|---|
| Type | Commercial Circular |
| Topic | freight |
| Currency | Currency not verified |
The assets of the Indian Railway have raised from 21,129Crores in the year 2005 to
See discussions, stats, and author profiles for this publication at: https://www.researchgate.net/publication/361864683 FINANCIAL PERFORMANCE OF INDIAN RAILWAY Article in BSSS Journal of Commerce · June 2022 DOI: 10.51767/joc1402 CITATIONS 3 READS 2,595 2 authors, including: Darling Selvi Rani Anna Government College for Women 203 PUBLICATIONS 98 CITATIONS SEE PROFILE All content following this page was uploaded by Darling Selvi on 09 July 2022. The user has requested enhancement of the downloaded file. BSSS Journal of Commerce: ISSN (Print) - 0975-2528, E-ISSN - 2582-4651, Vol. XIV, Issue-I (2022), pp 14-23, R. shunmugaselvi and Dr. V. Darling Selvi: Financial Performance of Indian Railway. 14 FINANCIAL PERFORMANCE OF INDIAN RAILWAY R. Shunmugaselvi1, Dr. V. Darling selvi2 1Fulltime Ph.D Research scholar, PG & Research Department of Commerce, Rani Anna Government College for Women, Tirunelveli Email: [email removed] 2Assistant Professor of Commerce, Rani Anna Government College for Women, Tirunelveli Email: [email removed] ABSTRACT Indian railway is a popular mode of transport in India. It provides comfortable journey to every class of people. It is very helpful in transferring heavy & large materials like jute, cement, petroleum etc. from one part of the country to another part. It is the world’s largest government- owned monopoly, annually carrying passenger numbers that surpass the global population. It is world’s fourth largest rail network after the U.S.A., China, and Russia, and is managed by a separate Ministry of Railways. The operating ratios have consistently been around 90% in the past several years, indicating that that the capability to generate operational surplus is low. Further, its expenditure on staff and their pensions has been increasing. Consequently, capacity growth is increasingly being funded through borrowings, which threatens to further worsen the financial situation. Thus, Railway services in India are often perceived as being inefficient and unsatisfactory. This paper shows a review of assets and liabilities of Indian Railways. This paper is focused on total assets and total liabilities of Indian Railway. The study is entirely based on secondary data that is from annual reports of Indian railway. Share capital, Reserve and Surplus, Current liabilities, Current Assets and Fixed Assets are mentioned. The study covers the period of seventeen years (from year 2005 to year 2021) and discusses ups and downs within this area. Keywords: Indian Railway, Foreign Direct Investment, Assets, Liabilities, Passenger revenue, Freight revenue. BSSS Journal of Commerce: ISSN (Print) - 0975-2528, E-ISSN - 2582-4651, Vol. XIV, Issue-I (2022), pp 14-23, R. shunmugaselvi and Dr. V. Darling Selvi: Financial Performance of Indian Railway. 15 INTRODUCTION Transport is an important infrastructure in maintaining and developing any economic activity. Rail transport occupies a very important place in surface transport, particularly in a country like India, which is not endowed with much of waterways and has a very large size. Rail transport assumes a greater importance in our country, particularly in view of limited resources of natural oil and abundant availability of coal, an energy source easily usable for rail transport, whether directly or indirectly, through electric energy indigenous or imported. Railways have a positive edge over road, being many times more energy efficient. Notwithstanding disadvantages like being track bound, highly capacity intensive, Railways have played a critical part in the country's economic development. Though road transport has progressed much faster during the post- independence era, Indian Railways still continue to play a major role in the transport effort required by the nation. From Bombay to Thane, the first railway on the Indian subcontinent ran for 21 miles. During a visit to Bhandup in 1
Extract shown above; the full text is available in the search app.
Open this circular in the search app · Search all 4,025 documents