New Delhi, Jan 14 (Agency): Railways boosted of meeting its earning target for the current fiscal in view of appreciable freight loadings in fertiliser, foodgrains and parcels besides increased earnings from advertising.

"We are confident of achieving earnings targets of Rs 94,765 crores due to the positive growth in parcel loadings and in fertiliser and foodgrains among others," Railway Board Chairman Vivek Sahai said on Friday.

Railways suffered financial problem after the implementation of the Sixth Pay Commission report. The ban on illegal mining activities in Orissa and Karnataka also affected it leading to loss of more than 13 million tonnes in iron ore or Rs 2,500 crores due to fall in loading in these States.

Railways with 14 lakh employees and 12 lakh pensioners had to dole out Rs 55,000 crores for implementing the pay commission report, including Rs 16,400 crores on account of pension liabilities from its internal resources.

Railways salary and pension liability after the Sixth Pay Commission is Rs 15,000 crore per annum. It also faces the additional burden of shelling out Rs 1,500 crores for its employees under modified assured career progression scheme.

Referring to the escalation in diesel price, Sahai said the extra burden of Rs 1000 crores due to the hike in diesel prices also impacted the Railways financially.

Besides, factors affecting revenues include the Naxal menace, Gujjar agitation coupled with dense fog.