NEW DELHI: The Indian Railways resorted to “window dressing” for presenting the working bills and working ratio in a greater gentle for 2018-19, the federal auditor, CAG has flagged in a report tabled within the Parliament on Wednesday.
In its report on railway funds, the CAG discovered, “If advance freight of Rs eight,351 crore from NTPC and CONCOR was not included within the earnings of 2018-19, the working ratio would have been 101.77% as an alternative of 97.29%. The online surplus in 2018-19 was Rs three,773.86 crore. Indian Railways would have ended with a damaging steadiness of Rs 7,334.85 crore however for receipt of advance freight and fewer appropriation to depreciation reserve fund and pension fund. Ministry of Railways resorted to window dressing for presenting the working bills and working ratio in a greater gentle.”
Working ratio (OR) is the amount of cash the railways spends to earn every rupee. The next ratio signifies poorer potential to generate surplus.
In its earlier report offered to Parliament final December, the CAG had stated the railways had the worst OR within the final 10 years at 98.44%. In that report, the auditor has additionally flagged how the railways would have ended up with a damaging steadiness of Rs 5,676.three crore as an alternative of a surplus of Rs 1,665.6 crore however for the advance acquired from NTPC and IRCON.
The CAG report has additionally flagged how the railways failed to satisfy the goal as far as the interior earnings was involved. It discovered that round Rs 1.9 lakh crore was earned in opposition to the focused inner earnings of Rs 2 lakh. The report stated the railways couldn’t obtain even revised estimate goal of Rs 1.97 crore. Furthermore, the overall inner earnings included freight advance of Rs eight,351 crore acquired from NTPC and CONCOR for transportation of products in 2019-20.
The CAG has additionally flagged delays in tasks over the previous 5 years resulting from inefficiency of zones and weak monitoring by the railway board. The report stated scrutiny of information regarding 395 tasks funded from additional budgetary sources (EBR), which incorporates borrowing, revealed that 268 tasks had been nonetheless in progress as on March 31, 2019.
The CAG audit has additionally stated that the scrutiny of identification and sanction of tasks for EBR funding revealed that financially unviable tasks had been sanctioned. “An quantity of Rs 15,922 crore was incurred from EBR in the direction of 79 unremunerative tasks. The factors for exclusion of tasks pending land acquisition and many others was not adopted; 111 such tasks had been funded from EBR. None of those had been accomplished as on March 31, 2019. There have been situations of irregular utilisation to the tune of Rs 1,495 crore from EBR funds,” it stated.