Remember the old joke on how Pakistan would stop fighting for Kashmir, if there was a condition that it would have to take Bihar with Kashmir? We may have to rewrite it.
In 2001 the Rakesh Mohan Committee that had looked into the restructuring of the railways, pronounced the organisation to be in a terminal debt trap, with a liability of Rs 61,000 crore to the government. The panel had even predicted "fatal bankruptcy" if the railways did not privatise. And one of its committee members, IIM’s Professor G. Raghuram, now, is all praises for Laloo.The railways under Laloo has shown additional earnings of Rs 15,000 crore in 2005-06. In the process, it has become the second largest PSU profit-earner after ONGC. IIM Ahmedabad, recognised his turnaround of Indian railways, and made it a case study for its students.
What did the minister do? Thats the Do U Know question this week.
Refused to hike fares. Shored up earnings by carrying more passengers and freight.
Increased the load carried by a goods wagon from 81 tonnes to 90 tonnes. This gave an additional earning of Rs 7,200 crore.
Upgraded tickets if seats were going vacant in the upper class. So, waitlisted passengers could be allotted seats.
Maintained passenger profile so that bogies could be taken off or added to trains according to seasonal demand.
Source .Max and Whiskeypriest got it right.
Search Engines Allowed. Answer on Thursday.
Previous Do U Knows