Time has come to keep social cost separate in Railways: Goyal

Time has come to keep social cost separate in Railways: Goyal

Agency News

New Delhi, Dec 4: Railway Minister Piyush Goyal on Wednesday said time has come to keep social cost of the Railways separate in budget and the Operating Ratio should reflect the commercial aspect only.

'Railways take up several routes in the North Eastern region. There are 100 aspirational districts where projects are being implemented. So, this economic viability will never show in social causes,' Mr Goyal said while responding to supplementaries during Question Hour in the Lok Sabha. A large amount is spent on social obligations of the government, he said, adding that Operating Ratio detrimental by 15 per cent after Sixth Pay Commission was implemented.

Mr Goyal said after 7th Pay Commission, cost of pensions has shot up in last three years. The Minister was responding to supplementary presented by Congress member Gaurav Gogoi on the falling OR in the Comptroller and Auditor General (CAG) report tabled in Parliament on Monday.

The Railways recorded an operating ratio of 98.44 per cent in 2017-18 which is the worst in the previous ten years, the report said. The Railways has also been unable to meet its operational cost of passenger services and other coaching services. Almost 95 per cent of the profit from freight traffic was utilized to compensate for the loss on operation of passenger and other coaching services, it has said. (UNI)