Railways Pegs 17% Rise in Passenger Revenue in FY16

New Delhi: The Railways' earnings from passenger traffic is estimated to rise by nearly 17 per cent to Rs 50,175 crore in the next financial year as it expects more number of passengers to travel longer distance. The revenue from passenger traffic is expected to rise at Rs 43,002 crore in fiscal year 2014-15  (revised estimate) from Rs 36,532.25 crore in the previous year, according to the Rail Budget document. Out of the tot...