India
Indian Railways operating ratio of 98.44 pc in 2017-18, worst in last 10 years, says CAG
The Indian Railways’ operating ratio in 2017-18 was at 98.44 per cent, the worst in the last 10 years, the Comptroller and Auditor General of India said in a report tabled in Parliament on Monday
The Indian Railways' operating ratio in 2017-18 was at 98.44 per cent, the worst in the last 10 years, the Comptroller and Auditor General of India said in a report tabled in Parliament on Monday.
A measure of expenditure against revenue, the ratio shows how efficiently the railway is operating and how healthy its finances are.
Published: 02 Dec 2019, 3:06 PM IST
An operating ratio of 98.44 per cent means that the railways spent Rs 98.44 to earn Rs 100.
The national auditor said the railways would have ended up with a negative balance of Rs 5,676.29 crore instead of a surplus of Rs 1,665.61 crore but for the advance received from NTPC and IRCON.
Published: 02 Dec 2019, 3:06 PM IST
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Published: 02 Dec 2019, 3:06 PM IST