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CAG puts Railways' freight share target under scanner

Mint Kolkata

|

November 07, 2025

Move to ascertain if investments, modernization have translated into measurable fall in costs

- Dhirendra Kumar dhirendra.kumar@livemint.com

CAG puts Railways' freight share target under scanner

Under the National Rail Plan 2030, Indian Railways has set a target to increase its freight modal share to 45%.

(MINT)

The Comptroller and Auditor General (CAG) of India has initiated a series of performance audits covering Indian Railways’ multimodal logistics, digital procurement systems, green transport initiatives, and suburban train services.

Additional deputy CAG Pravir Pandey described it as one of the most comprehensive assessments of the national transporter in recent years. The move follows rising logistics costs and a renewed government focus on infrastructure efficiency under the PM Gati Shakti plan.

The audit on “multi-modal transport and logistics initiatives by Indian Railways” is aimed at examining whether the sector's investments and modernization efforts have translated into measurable cost reductions and improved freight mobility, the CAG official said.

MEER VERHALEN VAN Mint Kolkata

Mint Kolkata

Sberbank keen on India infra projects

Sberbank, Russia’s largest bank, is interested in partnership and participation in large-scale infrastructure projects in India.

time to read

1 min

December 03, 2025

Mint Kolkata

India’s Russian oil import dip temporary: Kremlin

India’s imports of Russian oil may decline for only “a brief period” as Moscow plans to boost supplies, using sophisticated technology to avert the impact of Western sanctions, Kremlin spokesperson Dmitry Peskov said on Tuesday.

time to read

1 min

December 03, 2025

Mint Kolkata

PSBs flag deposit rate woes on policy eve

portfolios highly sensitive to policy moves.

time to read

2 mins

December 03, 2025

Mint Kolkata

Torrent hires banks for $450 mn IPO

Torrent Gas Ltd has hired three banks for its planned initial public offering (IPO) that may raise as much as $450 million, according to people familiar with the matter.

time to read

1 min

December 03, 2025

Mint Kolkata

Mint Kolkata

Youngsters lap up multiplex ticket discounts but shrink F&B spending

Urban, youth-centric films such as Saiyaara and FI: The Movie are setting cinema cash registers ringing, bringing returns for multiplexes that are trying to attract audiences with discounts and buy-one-get-one offers.

time to read

2 mins

December 03, 2025

Mint Kolkata

Swiggy plans to raise $1.1 bn in share sale next week

Food deliverer Swiggy Ltd is preparing to raise as much as ₹10,000 crore ($1.1 billion) from institutional investors as early as next week, according to people familiar with the matter.

time to read

1 min

December 03, 2025

Mint Kolkata

IndiGrid to acquire Gadag Transmission

IndiGrid on Tuesday signed an agreement to acquire an interstate transmission (ISTS) project in Karnataka for an enterprise value of ₹372 crore.

time to read

1 min

December 03, 2025

Mint Kolkata

Mint Kolkata

Indonesia assigns $1 bn to Brics-led New Development Bank

Indonesia will assign $1 billion to the Brics-led New Development Bank, further boosting ties with the group of developing nations.

time to read

1 min

December 03, 2025

Mint Kolkata

Gail’s challenges escalate with adverse tariff decision

A tariff setback and stubborn LNG prices have once again rattled Gail India investors.

time to read

1 mins

December 03, 2025

Mint Kolkata

Mint Kolkata

Inspector raj rollback: Let's turn this small start into a crescendo

India has begun to clear up a regulatory thicket that should proceed apace to give all our businesses more space to breathe

time to read

3 mins

December 03, 2025

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