Railways going downhill

The Indian Railways has indicated that it is unlikely to reach the operating ratio (operating expenses to revenue) of 91.1 per cent projected in the Budget for the current year (2011-12). This is unfortunate, not unexpected. When the Budget was presented, it was anticipated that the improvement in the operating ratio would be “hollow”. The ratio (the lower the better), which deteriorated sharply in 2009-10, made some improvement last year.

Read Full Story>>