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Railways Minister, Laloo Prasad Yadav presented the Railways Budget Report before the Parliament today. According to the report, the Railways have a cash surplus of Rs 25000 crore in FY08. The operating ratio is at 76%. There have been 14 lakh workers in the railways in FY08. The Minister informed that reduced fares increased volumes and profits
Some highlights of the Railway Minister's speech:
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233 million ton loading was done in the year
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Additional earnings of Rs 2000 cr on freight service
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Rs 68788 cr for 5 years cash surplus
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Dividend of Rs 88 rupees
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There were lean season discounts offered
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Peak season attracted surcharges
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Railway Fund Balance up at Rs 20,480 cr
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Railways adopted tariff to up market share; revenue
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Apr-Dec freight loading revenue is up 8-10% at Rs 34,700 cr
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Railways will look at leveraging telecom boom for ticketing
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There will be an increase in ticketing counters to 15,000 in 2 years from the current 3,000 now
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Revenue from passenger fares increased by 14%
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