CAG Report on Indian Railways: Questions Increased Reliance on External Borrowings, Gross Budgetary Support

The Comptroller and Auditor General of India has flagged the rising dependence of the Indian Railways on external funds for capital expenditure as a problem. Read more »

IR Needs to Focus on Higher Internal Revenue Generation: CAG Report

Analysing the national transport behemoth’s numbers both bottom-up and top-down, the CAG concluded that Indian Railways (IR) could not have shown a surplus of earnings (of Rs 1,665.61 crore) over its expenses... Read more »

CAG on Railways: Declining Revenue Surplus, 95% of Freight Profits Used to Subsudize Passenger Ops Losses

Operating Ratio of 98.44 per cent was the worst in the last ten years. Indian Railways, in fact, would have ended up with a negative balance of ₹5,676.29 crore instead of surplus... Read more »