Former Finance Minister P Chidambaram on Wednesday criticised the BJP government for having the ‘worst operating ratio’ of Railways in the last fiscal year.
Taking a jibe at the BJP government; he tweeted, “Railways worst operating ratio in 2016-17. Previous worst in 2000-01. Both under BJP governments! Despite well-meaning minister. Problem of Railways is deeper. It cannot be run as a department of government,”
An operating ratio is the ratio of how much the railways spends to earn a rupee. An operating ratio of 94.9 per cent means that the railways is spending 94.9 paisa to earn 100 paisa (one rupee). The lower the operating ratio is considered better as it indicates a better financial health of the system. An operating ratio of 80 per cent or lower is considered desirable in the railways.
Minister of State for Railways, Rajen Gohain, had said in a written reply in the Lok Sabha that the operating ratio of railways in 2016-17 was estimated at 94.9 per cent. However, officials say the the figures are tentative. The worst ratio that the railways has recorded is 98 per cent which was was in 2000-01.