Spotting
 Timeline
 Travel Tip
 Trip
 Race
 Social
 Greeting
 Poll
 Img
 PNR
 Pic
 Blog
 News
 Conf TL
 RF Club
 Convention
 Monitor
 Topic
 #
 Rating
 Correct
 Wrong
 Stamp
 PNR Ref
 PNR Req
 Blank PNRs
 HJ
 Vote
 Pred
 @
 FM Alert
 FM Approval
 Pvt

RailCal app

site support

यमला-पगला-ट्रेन का-दिवाना - कार्तिक

Search News
<<prev entry    next entry>>
News Entry# 294824
Feb 26 2017 (19:49) Dissecting Railway accounts (www.dnaindia.com)
5651 views
0

News Entry# 294824   
  Past Edits
This is a new feature showing past edits to this News Post.
Accounting Reforms will help the railways make investment and pricing-related assessments fair and objective
The...

5217 views
0

Feb 26 2017 (20:41)
TheDarkLord~
TheDarkLord~   10265 blog posts
Re# 2179318-1              
Good initiative.
Translate to English
Translate to Hindi

4959 views
0

Feb 27 2017 (14:47)
A2Z~
A2Z~   17505 blog posts
Re# 2179318-2              
Accounting reforms being aggressively pursued by our professionally qualified RM (CA) is one of his best gifts to IR which has potential to give immense benefits to the organisation in future.
-
Accounting reforms when implemented shall enable IR with:
(1) Clear information about financial status (like earnings/expenses/profit etc) of different entities related to IR operation like an individual freight train, pax train,
...
more...
Express trains, stations, a stoppage of a train given to station, etc.
(2) IR shall thus be qeuipped with concrete info with financial implication of each activity, and can know where exactly and how much profit/loss it is making. Based on this info, best policies can be formulated so as to make costing of various services provided by IR as low as possible. This will make possible for IR to give better services at minimum possible cost.
(3) However, actual benefits can be derived if political interference is eliminated/ minimised and IR honestly implements the best policies formulated based on the data analysis.
(4) How much of data is actually opened to public is to be seen, lack of transparency give rise to more corruption and political interference.
-
It would be very interesting to know how much the ACIII actually cost as compared to SL class. The charges of ACIII class ticket is about 2.75 times the charges of SL class ticket between same destinations on the same train. Where as the actual costing to IR may be any where around 1.5 times only. Ironically IR print the message that "IR recovers only 57% from passengers on an avg" on ACIII tickets.

Translate to English
Translate to Hindi
Scroll to Top
Scroll to Bottom
Go to Desktop site
Important Note: This website NEVER solicits for Money or Donations. Please beware of anyone requesting/demanding money on behalf of IRI. Thanks.
Disclaimer: This website has NO affiliation with the Government-run site of Indian Railways. This site does NOT claim 100% accuracy of fast-changing Rail Information. YOU are responsible for independently confirming the validity of information through other sources.
India Rail Info Privacy Policy