Recently, the Comptroller and Auditor General (CAG) has submitted a report of the Railway in the Parliament.
- The railways recorded an operating ratio of 98.4% in 2017-18, the worst in 10 years.
- The financial health of the railway had deteriorated considerably - They spent Rs 98.4 to earn Rs 100
- The Railway received an advance payment from two public sector companies - NTPC and IRCON.
- The railways has been unable to meet its operational cost of passenger services and other coaching services.
- Almost 95% of the profit from freight traffic was utilised to subsidise the losses from passengers and other coaching services.
- 90% of the revenue forgone was on account of concessions.
- The Give-Up initiative found few takers. This initiative is to encourage senior citizens to travel without subsidy.
- The “give up” initiative accounted for 52.5% of the total allowed by the national transporter. Most of them availed the concession in AC classes.
- Several instances of misuse of passes and irregular grant of concessions on medical certificates were also noticed.
- Passenger reservation system lacks adequate validation controls to validate age of freedom fighters and to prevent irregular multiple booking on the same privilege pass.
The Give-Up Initiative of Indian Railway:
- The initiative was started in 2017 to encourage senior citizens to give up their train fare concessions of either 50% or 100% as part of the railways’ bid to increase revenue.
- At present, male senior citizens get 40 percent while women get 50 percent concession on the total fare.