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Rlys grappled to meet costs for 5 yrs: CAG

Rlys grappled to meet costs for 5 yrs: CAG
The CAG in its latest report tabled in Parliament on Friday said the state-run transporter incurred losses in all category of passenger classes barring the AC 3-Tier. The loss incurred on operational cost of passenger services increased from Rs 15,268.41 crore in 2008-09 to Rs 26,025.46 cr in 2012-13, it said.

Railways was unable to meet its operational cost of passenger services, increased by 46.12 per cent during the last five years as of 31 March 2013, however, the expenditure under this head increased by 55.31 per cent during the same period, the report said.

The national auditor observed that during 2012-13, there was a loss of Rs 26,025.46 crore on passenger and other coaching services. 
M Post Bureau

M Post Bureau

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