RE:Laluji - Turnaround Minister
by irfanb on Oct 26, 2007 02:21 PM Permalink
Lalu is worst minister just Promises . Turn -Around in Railway is just a eyewash
RE:Laluji - Turnaround Minister
by Ashwin Deshmukh on Oct 26, 2007 02:29 PM Permalink
Laloopalooza: The Great Sleight Of Hand
Laloo has been claiming that the railways made a profit of Rs 21,578 crore in 2006-07. But the actual figure was Rs 11,000 crore. Here's the secret of Laloo's added profits: Rs 9,000 crore pension funds shown as cash surplus Miscellaneous funds-Rs 2,500 crore-included in earnings Rs 1,700 crore due to the Indian Railway Finance Commission as dividend for lease of wagons put in the profit account Profits shored up by showing advance earnings for 2007-2008 in last year's balance-sheet Monies in the suspense account-funds promised but not yet transferred-reflected in the earnings/profits Tonnage carried by freight trains raised despite repeated objections and safety concerns. This brought in Rs 5,000 crore. Hidden costs to passenger tickets earned the railways Rs 325 crore Revenue-Friendly, But The Aam Admi...
Here's what Laloo has done to increase earnings from passengers:
Milking Tatkal: This was for passengers travelling in an emergency. Less than 10 per cent seats were kept in the tatkal quota and released on the scheduled day of departure. The surcharge was Rs 100 per ticket. Now 30 per cent seats have been set aside for tatkal and reservations open five days before departure. The surcharge is Rs 250 per ticket. Additional earning for railways: Rs 150 crore.
Declaring Trains Superfast: More than 100 express trains have been declared superfast though their running time remains the same. The superfast tag a
