IMPACT OF COVID-19 ON RAILWAY FINANCES

IMPACT OF COVID-19 ON RAILWAY FINANCES

Bhoompalli Harsha Vardhan Reddy

MBA STUDENT, Malla Reddy University, Hyderabad, Telangana, India

Dr. Vijaya Kumar

Professor, Malla Reddy University, Hyderabad, Telangana, India

Abstract: This study examined the effects of the Coronavirus Disease 2019 (COVID-19) pandemic on the financial performance of Railways. Due to the COVID-19 epidemic, all passenger trains have been stopped until April 14, 2020.  However, goods transportation has continued, with trains transporting crucial commodities to various sections of the country. Railways has also made railway parcel vans available for speedy bulk conveyance of goods for e-commerce businesses and other customers, including state governments. In small parcel sizes, these contain medical supplies, medical equipment, food, and so on.  Aside from this, Railways has made a number of other steps to assist during the pandemic.

Because the travel ban is in effect from March 23 to April 14, 2020 (and may be extended beyond), it will have an impact on Railways' budget for both 2019-20 and 2020-21.  In this piece, we will look at the state of the railways' finances and speculate on what the future may hold.

Keywords: Covid-19, Railways, Finance, Credit, Goods, Difficulties faced, Government Schemes, Passengers, Revenue.