Last year Railways Minister Laloo Prasad Yadav had been trumpeting from atop the Red Fort that he had earned Rs 21,578 crores during 2006-7 for the railways. This year the figure is in the range of Rs 28,000 crores. As it had later turned out, the turnaround story was one third true, one third media hype and one third jugglery of figures. A close scrutiny of railways accounts for 2006 -2007 revealed a net profit of Rs 11,000 crores. Even this amount was earned at the expense of unsuspecting passengers and at risk to their safety. A large amount of money reflected as profit was not available to be ploughed back. Part of it was suspense account, money promised to the railways but not yet in its kitty. This year too the accounts presented by Laloo Prasad Yadav need greater and detailed scrutiny. If he is found to have repeated the same jugglery of accounts, the best way to improve the Indian Railways would be to throw him out of the ministry.
See My earlier post: Indian Railways Turnaround: A Myth
1 comment:
Hmmmm... Where are you quoting these figures from ?
Post a Comment