The year 2017-18 has started with a positive note- an encouraging performance in the first quarter.We have recorded a freight loading of 281 MT in Q1 which is 3.61% higher than the corresponding period of the last year. The freight earning for Q1 of has been Rs 27,670 crore which is 8.3% more than corresponding period in last year. On passenger front also, there have been signs of sustained growth. The originating Passenger traffic in Q1 is 2,095 Million which is 2.3% more than corresponding period in last year. The passenger earning in Q1 has been 1,2875 crore which is 6.7% more than corresponding period in last year. The upward trends in both freight and passenger business of Q1 indicate a renewed buoyancy in the railway business thanks to the efforts
put in by staff and officers involved in railway operations and maintenance. This journey of efforts and initiatives has to continue with same zeal and vigour to achieve our vision of improvement in market share of both passenger and freight transport services.
The Railway’s non-tariff earning or non-fare revenue has tremendous scope for being fully exploited. In this line of thought, the Hon’ble Minister spoke about augmenting non-tariff income by 10 to 20 percent and announced the setting up of a Non Fare Revenue Directorate (NFR) in the Budget Speech of 2016-17. The NFR Directorate has been given the specific mandate of monetizing railways assets by means of advertisements at railway properties, commercial utilization of station buildings, advertisements on trains, monetizing soft assets website, data, etc. NFR directorate has already issued the policies for Out of Home (OOH) advertising, advertising on mobile assets, ATMs, Content on Demand etc. The implementation of these policies is likely to fetch promising results and augment our revenue in a big way.The commercial officers at every level need to make concerted efforts to increase revenue from non conventional sources.
At the end I would urge you to review the performance of each item pertaining to you with respect to target and last year’s performance and prepare a detailed action plan to arrest any shortfall in the performance.
With Best wishes for second quarter of 2017-18.