Rlys to explore new source for revenue generation
New Delhi, Jan 18 (PTI) Railways have called a two-day meeting of all zonal railway managers here this month to review ongoing projects and discuss measures to improve the financial position in wake of a stiff rise in running cost and fears of the PSU missing earning targets.
The meeting which is likely to be chaired by Railway Minister Mamata Banerjee on January 21 and 22 assumes significance as it would also deliberate on issues related to the upcoming Rail Budget slated to be presented in February end, sources said.
The Budget is expected to keep passenger fares untouched and include proposals for dozens of new trains in view of demands from the states as well from MPs, they said.
A marginal tinkering of freight rates is also on the cards, the sources said.