Wednesday, April 19, 2017

Railways worst operating ratios in 2016-17 and 2000-01, both under BJP govts: Chidambaram

"Railways worst operating ratio in 2016-17. Previous worst in 2000-01. Both under BJP governments! Despite well- meaning minister. Problem of Railways is deeper. It cannot be run as a department of government," he said on Twitter.The problem of Indian Railways is deeper and it cannot be run as a government department, former Finance Minister P Chidambaram said today while criticising the BJP government for the public transporter reporting the "worst" operating ratio in the last fiscal."Railways worst operating ratio in 2016-17. Previous worst in 2000-01. Both under BJP governments! Despite well- meaning minister. Problem of Railways is deeper. It cannot be run as a department of government," he said on Twitter.An operating ratio indicates how much the railways spends to earn a rupee. An operating ratio of 94.9 per cent means that the railways is spending 94.9 paisa to earn 100 paisa (one rupee).
A lower figure of operating ratio is therefore regarded better and is indicative of better financial health of the system
The operating ratio of railways has seen deterioration in 2016-17 in comparison to previous years, indicating a higher operating cost.Minister of State for Railways, Rajen Gohain, had said in a written reply in the Lok Sabha that the operating ratio of railways in 2016-17 was estimated at 94.9 per cent.Officials, however, say this figure is tentative till final figures come.The last time Railways reported the worst operating ratio, 98 per cent, was in 2000-01An operating ratio of 80 per cent or lower is considered desirable in the railways

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