Railways strove hard in 2021 to be back on track

NEW DELHI: The story of Indian Railways in 2021 was one of recovery and putting its house in order after a forced hiatus from the tracks for the first time in its history due to the coronavirus outbreak.
The Railways has been completely dependent on its freight revenues for sustenance over the last two years, with the passenger segment running in loss in 2020 and gaining momentum only slowly with the removal of restrictions during the first half of this year.
Financial situation:
A recent report of the Comptroller and Auditor General (CAG) has noted that the Indian Railways’ operating ratio of 98.36 per cent in 2019-2020 does not reflect its true financial performance and if the actual expenditure on pension payments is taken into account, the ratio will be 114.35 per cent.