RAILWAYS

CAG says Indian Railways resorted to ‘window dressing’ of working expenses

The Comptroller and Auditor General of India (CAG) report on the financial health of Railways for 2018-19 said the national transporter resorted to “window dressing” for presenting the working expenses and operating ratio in a better light.

In a report tabled in the Parliament on September 23, the CAG said against the target of 92.8 percent in the Budget estimates, the operating ratio of Railways was 97.29 percent in 2018-19, which means Railways spent Rs 97.29 to earn Rs 100.

“However, if advance freight of Rs 8,351 crore from NTPC and CONCOR was not included in the earnings of 2018-19, operating ratio would have been 101.77 percent instead of 97.29 percent,” it said.

CAG also raised concerns over delays in projects.

Source
moneycontrol
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