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| Type | Commercial Circular |
|---|---|
| Topic | freight |
| Currency | Currency not verified |
Head** | **Detailed Heads** | | **X200 Special trains and reserved carriages** | 210 Special trains and reserved carriages other than Military. | 210 Same. | | | 220 Special trains and reserved carriages Military other than Military passenger). | 220 Same | | **X300** **Luggage** | 310 Luggage cha * Dedicated Freight Corridor in long run can lead to separation of freight traffic earnings and discontinuation of…
**INTRODUCTION:** Indian Railways (IR) is the third largest railway network in the world with 7,083 railway stations, 1,31,205 railway bridges, 9000 locomotives, 51,030 passenger coaches, 2,19,931 freight cars and 63,974 route kilometers. Today IR operates 19,000 trains each day, comprising 12,000 passenger trains and 7,000 freight trains. It transports 2.65 million tonnes of freight traffic and 23 million passengers every day and 7.2 billion passengers per year. It currently has 1.36 million employees and an annual revenue base of Rs.1,06,000 crores as projected on March 31,2012. The country presently suffers from a severe and chronic under-investment in railway infrastructure. The resultant disproportionate diversion of freight and passenger traffic to roads while causing substantial loss in revenue to the Indian Railways also imposes a heavy burden on the country which is measurable in terms of a much larger freight cost to GDP ratio and higher environmental cost per route Km of Freight and passenger traffic than in other countries. Undeniably there is an urgent need to enhance capacity of and modernize the Indian Railways to meet country’s social and economic aspirations in the 21st Century. With modernization and restoration of balance in the intermodal transport mix railways can be a significant engine of inclusive growth and development for the country and can potentially contribute an additional 1.5% to 2% to GDP. IR will then, create new jobs, save energy, improve environment, while moving people, raw material and goods more efficiently nationwide. Highly critical industrial inputs like coal which contributes nearly 45% to Railways freight traffic will get the much needed special attention as a modernized Railway system will focus on efficient evacuation, movement, and delivery of coal or other important goods in a much more effective manner. Leveraging new opportunities would, however, require generational change with bold vision, clarity and various new initiatives to look beyond day-to-day operations towards building next generation technologies, network, system and processes necessary to significantly enhance safety, productivity, efficiency and quality. At present, we have a unique window of opportunity, which must be capitalized with a sense of urgency to transform railways to deliver timely benefits to the people and the nation. **OTHER COACHING EARNINGS :-( ITS NEED AND IMPORTANCE)** The main sources of Railways Revenues are from Coachingand Goods traffic. While Passenger and Freight traffic generate the major portion of earnings, they are supplemented by parcels, luggage and non-traditional sources of earnings such as lease of land, advertisement revenues and other sundries. As the Railways finances are separated from general finances, Railways are expected to not only meet its operational expenses along with ever increasing committed expenditures but also to generate adequate resources for meeting investment requirements including asset renewal. The primary aim of Railways is to generate adequate resources internally since there are limitations to the extent to which PPP initiatives and market borrowings can support Railway’s financial needs. Freight earnings are the backbone of IR’s revenues accounting for almost two-thirds of the total earnings. The increase in passenger earnings have been resulted due to increase in passenger capacity in the form of new and longer trains, running of special trains to capture seasonal requirements, longer lead, better passenger services, enhanced reservation fee, realization from Tatkal charges and increase in the period of advance reservation from two months to four months and customer friendly initiatives. * The railway share in freight transport has declined and roadways are a serious threat to railways particularly with the expansion of the national highway network through the National Highways Development Project. There is a decline in high return, non bulk tra
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