<p>The South Western Railway Mysuru Divisional Railway Manager (DRM) Atul Gupta, on Friday said that the Indian Railways is facing financial difficulties and the burden may go up after the implementation of the 7th Pay Commission’s recommendations.<br /><br /></p>.<p>Addressing the members of the Divisional Railway Users’ Consultative Committee (DRUCC) at his office, the DRM said that about 55% of the revenue is being spent only on salaries. <br /><br />“The burden will increase if the 7th Pay Commission’s recommendations are implemented. The railway is earning Rs 45,000 crore over passenger business and is suffering a loss of Rs 30,000 crore, annually. The major income, about 70% of the revenue, is through freight loading,” he said.<br /><br />The performance of Mysuru division in the preceding fiscal year has been satisfying with overall earnings of Rs 600.82 crore, registering a healthy 14.85% increase. On the freight front, there has been a phenomenal incremental growth of 45.8%, having a record 5.038 million tonne of originating traffic. The number of passengers transported on originating basis stood at nearly 49 million and up by 0.55% in comparison to 2014-15. <br /><br />The Ministry of Railways has set a higher target for the division in the current fiscal, under both freight and passenger segments. The division is confident of achieving the target in the backdrop of the positive vibes in the economy, the DRM said.<br /><br />Call for entrepreneursThe DRM called upon young entrepreneurs to workout a ‘Railway Freight Customer Solution Provider’. “The railways manage to cover bulk logistics customers and by establishing a portal, it helps many people to transport small quantity of logistics by spending less amount. People are spending huge money to send a small document through rail. A portal service will be a boon for people to transport logistics or documents. India is spending a little high over transportation compared to other countries,” he said.<br /><br />Federation of Karnataka Chamber of Commerce and Industry (FKCCI) District Coordination Committee chairman Sudhakar S Shetty said, “The move helps youths to establish business and he will take an initiative in this regard. There are 1,680 youths in the state willing to set-up business and in Mysuru district there are 116 youths.” </p>
<p>The South Western Railway Mysuru Divisional Railway Manager (DRM) Atul Gupta, on Friday said that the Indian Railways is facing financial difficulties and the burden may go up after the implementation of the 7th Pay Commission’s recommendations.<br /><br /></p>.<p>Addressing the members of the Divisional Railway Users’ Consultative Committee (DRUCC) at his office, the DRM said that about 55% of the revenue is being spent only on salaries. <br /><br />“The burden will increase if the 7th Pay Commission’s recommendations are implemented. The railway is earning Rs 45,000 crore over passenger business and is suffering a loss of Rs 30,000 crore, annually. The major income, about 70% of the revenue, is through freight loading,” he said.<br /><br />The performance of Mysuru division in the preceding fiscal year has been satisfying with overall earnings of Rs 600.82 crore, registering a healthy 14.85% increase. On the freight front, there has been a phenomenal incremental growth of 45.8%, having a record 5.038 million tonne of originating traffic. The number of passengers transported on originating basis stood at nearly 49 million and up by 0.55% in comparison to 2014-15. <br /><br />The Ministry of Railways has set a higher target for the division in the current fiscal, under both freight and passenger segments. The division is confident of achieving the target in the backdrop of the positive vibes in the economy, the DRM said.<br /><br />Call for entrepreneursThe DRM called upon young entrepreneurs to workout a ‘Railway Freight Customer Solution Provider’. “The railways manage to cover bulk logistics customers and by establishing a portal, it helps many people to transport small quantity of logistics by spending less amount. People are spending huge money to send a small document through rail. A portal service will be a boon for people to transport logistics or documents. India is spending a little high over transportation compared to other countries,” he said.<br /><br />Federation of Karnataka Chamber of Commerce and Industry (FKCCI) District Coordination Committee chairman Sudhakar S Shetty said, “The move helps youths to establish business and he will take an initiative in this regard. There are 1,680 youths in the state willing to set-up business and in Mysuru district there are 116 youths.” </p>
