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Financial
Railways

Report No. 15 of 2015 - Financial Audit on Railways Finances Union Government,Railways

Date on which Report Tabled:
Fri 08 May, 2015
Date of sending the report to Government
Government Type
Union
Union Department
Railways
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Sector Transport & Infrastructure

Overview

Indian Railways (IR) is a departmental commercial undertaking of the Government of India. It consists of 65,808 route kms* on which 21,598 trains ply, carrying about 23 million passengers and hauling nearly 2.90 million tonne of freight everyday. Policy formulation and overall control of the Railways is vested in Railway Board comprising of the Chairman, Financial Commissioner and other functional Members. The IR system is managed through 17 zones having 68 operating divisions. Apart from the zonal railways representing the operational part of the system, there are seven production units engaged in manufacturing of rolling stock and other related items.

From 1 April 1950, a separate Railway Budget is being presented to the Parliament prior to presentation of the General Budget every year. Though the Railway Budget is presented to Parliament separately, the figures relating to the receipts and expenditure of IR are also shown in the General Budget, as Railway Budget forms part of the total budget of the Government of India.

Report of the Comptroller and Auditor General of India-Union Government (Railways) for the year ended 31 March 2013 (Report No.19 of 2014) highlighted that during 2012-13, total revenue receipts, increased by 18.76 per cent which was above the Compound Annual Growth Rate (CAGR) of 9.17 per cent during the period 2008-12. The growth of freight earnings and passenger earnings were 22.60 per cent and 10.89 per cent respectively, which were above the CAGR achieved during 2008-12. Net surplus after meeting dividend liability was RS 8,266.25 crore in 2012-13. The Operating Ratio improved as compared to the previous year.

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