Friday, 5 May 2017

Railways targeting Rs 40,000 cr revenue in ten years


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The Indian railways have said that it has spelled out a target of Rs 40,000 crore revenue from monetizing its soft assets in the next 10 years. In a two-pronged strategy, the railways aim to increase earnings through traditional as well as non-traditional sources, while at the same time reducing expenditure. Commenting on the issue, Railway Minister Suresh Prabhu told the media, "Earlier the railways used to focus on traditional sources for revenue earnings, that is passenger fares and freight.

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