Railways seeks to boost internal revenue in post-pandemic push

Having failed to increase internal revenue generation in the last three years, Indian Railways proposes a mega-push to raise its fare and non-fare revenues in FY24 based on first assessment of earnings in largely covid-free FY23.

- Subhash Narayan

According to two people privy to the development, the national transporter proposes to set a high target of ₹10,000 crore through internal generation in FY24.

In doing so it is pinning its hopes on a second covid-free year boosting passenger and freight earnings. Alongside, a monetisation exercise involving commercial use of its airspace and vacant land is expected to raise its non-fare revenue.