Railways Blurs Profitability Lines Amid RTI Probe
RAILWAYS & METRO RAIL

Railways Blurs Profitability Lines Amid RTI Probe

Railways in India are under the spotlight as questions arise regarding the transparency of their financial records. In response to a recent Right to Information (RTI) query, it has been revealed that the Indian Railways does not maintain separate profitability records for its various operations. This revelation has sparked concerns about the clarity and accountability of the national railway network's financial management.

The lack of distinct profitability records raises questions about how efficiently the Indian Railways is managed and whether it operates with a clear understanding of which operations are financially viable. Without specific data on the profitability of different ventures within the railways, it becomes challenging to make informed decisions about resource allocation and investment priorities.

Transparency and accountability are crucial pillars of effective governance, especially in a public service as essential as the railways. The revelation that profitability records are not meticulously maintained undermines public trust and confidence in the management of the Indian Railways. It also opens the door to speculation and scrutiny regarding potential inefficiencies or mismanagement within the organisation.

Efforts to improve transparency and accountability within the Indian Railways must be prioritised to ensure that public funds are used efficiently and effectively. Clear and accurate financial records are essential for assessing the performance of the railways and identifying areas for improvement. Without this transparency, it becomes difficult to hold decision-makers accountable for their actions and ensure that taxpayer money is being used responsibly.

In conclusion, the revelation that the Indian Railways does not maintain separate profitability records highlights the need for greater transparency and accountability within the organisation. As scrutiny intensifies, it is imperative that steps are taken to address these concerns and restore public confidence in the management of one of India's most critical public services

Railways in India are under the spotlight as questions arise regarding the transparency of their financial records. In response to a recent Right to Information (RTI) query, it has been revealed that the Indian Railways does not maintain separate profitability records for its various operations. This revelation has sparked concerns about the clarity and accountability of the national railway network's financial management. The lack of distinct profitability records raises questions about how efficiently the Indian Railways is managed and whether it operates with a clear understanding of which operations are financially viable. Without specific data on the profitability of different ventures within the railways, it becomes challenging to make informed decisions about resource allocation and investment priorities. Transparency and accountability are crucial pillars of effective governance, especially in a public service as essential as the railways. The revelation that profitability records are not meticulously maintained undermines public trust and confidence in the management of the Indian Railways. It also opens the door to speculation and scrutiny regarding potential inefficiencies or mismanagement within the organisation. Efforts to improve transparency and accountability within the Indian Railways must be prioritised to ensure that public funds are used efficiently and effectively. Clear and accurate financial records are essential for assessing the performance of the railways and identifying areas for improvement. Without this transparency, it becomes difficult to hold decision-makers accountable for their actions and ensure that taxpayer money is being used responsibly. In conclusion, the revelation that the Indian Railways does not maintain separate profitability records highlights the need for greater transparency and accountability within the organisation. As scrutiny intensifies, it is imperative that steps are taken to address these concerns and restore public confidence in the management of one of India's most critical public services

Next Story
Infrastructure Energy

Udangudi Thermal Plant’s First Unit Synced to Grid

The first 660 MW unit of the Udangudi Supercritical Thermal Power Project in Tamil Nadu has finally been synchronised with the grid, marking a long-awaited milestone for the state’s power sector. The project, being developed at a cost of Rs 13,076 crore by Tamil Nadu Power Generation and Distribution Corporation Ltd (TNGPCL), was originally scheduled for commissioning in 2021 but faced repeated delays due to court disputes and the COVID-19 pandemic.The synchronisation took place at 7.56 pm on Thursday, when the unit produced 42 MW during its initial trial run. Officials noted that the plant ..

Next Story
Infrastructure Transport

Kandla Port to Expand Operations Beyond Gujarat

In a strategic shift, Kandla Port, managed by the Deendayal Port Authority (DPA), is preparing to expand its operations beyond Gujarat for the first time. The authority has confirmed that it is exploring opportunities to manage both public and private terminals in Maharashtra and Karnataka.Kandla Port, located in Gujarat’s Kutch district, has traditionally been one of India’s busiest ports, handling more than 150 million tonnes of cargo in the last financial year. About 60 per cent of this was petroleum, oil, and lubricants, while the remainder included timber, food grains, chemicals, and ..

Next Story
Infrastructure Transport

Mumbai Port Seeks Nod to Reclaim Sea at Jawahar Dweep

The Mumbai Port Authority (MbPA) has proposed reclaiming 4.14 hectares of sea at Jawahar Dweep, also known as Butcher Island, to build additional crude oil storage facilities. The proposal, which will be placed before the Maharashtra Coastal Zone Management Authority for clearance, aims to improve turnaround times for ships handling petroleum and chemical cargo.Officials argue that the move is essential, as liquid petroleum and chemicals account for nearly 70 per cent of the port’s cargo. Currently, oil unloaded at Mumbai Port is piped to refineries in Mahul, but limited storage capacity has..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?