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Technology
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Number of pages / Number of words: |
10 / 2642 |
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To put it bluntly, the âbusiness as usual low growthâ will rapidly drive IR to fatal bankruptcy, and in sixteen years Government of India will be saddled with an additional financial liability of over Rs 61,000 crores⦠On a pure operating level, IR is in a terminal debt trap.â
The fund balance at the end of 1999-00 had reached a low of Rs 149 crores, improving to Rs 5228 crores by the end of 2003-04 and over Rs 12,000 crores by the end of 2005-06...
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A 20 year perspective since 1987-88 gives a birdâs eye view of the performance of IR, in terms of total earnings, total working expenses, operating ratio and net revenues (Exhibit 2). The operating ratio (ratio of total working expenses (including depreciation and pension, but exclude dividend to GOI) to total earnings) and net revenues (total earnings less total working expenses, adjusted with miscellaneous transactions) had reached low levels of performance in 2000-01 (98...
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Trams and Railways
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