New Delhi: An over 4 per cent fall in passenger bookings between April and August this year has caused worry for the Indian Railways.
Altogether 3,427.84 million passengers traveled by trains during April and August as against 3,575.30 million during the corresponding period last fiscal — a difference of 147.46 million — recording a fall of 4.12 per cent.
Railways earned Rs 19,394.75 crore during the period as against the target of Rs 20,204.85 crore, a shortfall of 4.95 per cent.
If the trend is not checked, passenger subsidy, which hovers around Rs 29,000 crore a year now, may go up further.
