5 Minutes Read

Railways doesn’t maintain separate profitability records of Vande Bharat, RTI response reveals

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Vande Bharat is the country’s first semi-high speed train which was flagged off on February 15, 2019, between New Delhi and Varanasi and today 102 Vande Bharat trains run on 100 routes covering 284 districts in 24 states and Union territories.

The Railway Ministry doesn’t maintain any separate revenue generation records of Vande Bharat trains, revealed the ministry’s response to an application under the RTI Act.

Madhya Pradesh-based Chandra Shekhar Gaur sought to know how much revenue the Railway Ministry has generated from Vande Bharat trains in the past two years and if it made any profit or loss on their operation Train-wise portability is not maintained, the Railway Ministry said in its response.

Vande Bharat is the country’s first semi-high speed train which was flagged off on February 15, 2019, between New Delhi and Varanasi and today 102 Vande Bharat trains run on 100 routes covering 284 districts in 24 states and Union territories.

Also Read: Mark Mobius takes a ride on Vande Bharat Express, raves about semi-high speed trains

On Monday, the Railways officials said that over 2 crore people have travelled by Vande Bharat trains since its first launch. The officials also informed that the distance the Vande Bharat trains covered in the financial year 2023-24 is equivalent to taking 310 rounds of the planet Earth.

Gaur expressed surprise and said that Railways maintains the number of people travelled and distance covered by Vande Bharat trains but it doesn’t maintain the most crucial information regarding the revenue generation.

The Railways officials can calculate the distance travelled by Vande Bharat trains in a year vis a vis their equivalence to total rounds around the Earth but it doesn’t have total revenue collected from these trains, Gaur said.

He added that it is very important for the Railways to maintain a separate record of revenue generation status from Vande Bharat trains because these are India’s first semi-high speed new generation trains and its profitability will establish its real popularity.

Also Read: Tripura to get Vande Bharat Express, says Union Minister Pratima Bhoumik

So far as occupancy is concerned, the Railways, in response to another application under RTI filed in October last year, said that overall utilisation of Vande Barat trains is over 92%, which the Railways officials say is an encouraging figure.

Vande Bharat trains are doing extremely well on some routes while on some other routes, their occupancy is average but if you see the overall utilisation, it is quite significant, an official said.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?