CAG Reprimands Railways Over Financial & Operational Lapses

Mounting Concerns

- MANU KAUSHIK

The Comptroller and Auditor General of India (CAG) has flagged concerns with the poor operational and financial decisions of the Indian Railways that have resulted in a financial dent of ₹500 crore to the exchequer.

It involves a bunch of issues, including non-realisation of revenues, short recovery, wasteful and extra expenditure, loss of revenues, blocking of capital, etc.

The CAG's compliance audit report, which was tabled in Lok Sabha on Monday, has outlined discrepancies in 25 cases across different zonal railways and independent rail projects.