Agreement in Railway Ministry and Rail Vikas Nigam Limited

Question: According to the MoU signed recently between Railway Ministry and Rail Vikas Nigam Limited, what is the target of earning revenue from operations for Rail Vikas Nigam Limited in the financial year 2018-19?
(a) 6600 crores
(b) 7500 crores
(c) 7600 crores
(d) 7800 crores
Answer: (c)
Related Facts:

  • The Memorandum of Understanding between the Ministry of Railways and Rail Vikas Nigam Limited (RVNL) was signed on May 21, 2018.
  • This MoU was done in the context of the company’s financial and non-financial goals.
  • Secretary, Railway Board Ranjanesh Sahai and Chairman and Managing Director of Rail Vikas Nigam Limited, S.C. Agnihotri have signed on this MoU in Rail Bhawan.
  • Under the Memorandum of Understanding, for the financial year 2018-19, a target of earning revenue from operations for Rail Vikas Nigam Limited has been set at Rs. 7600 crores.

Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=179438