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Blog Entry# 2241968
Posted: Apr 19 2017 (15:06)
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Last Response: Apr 19 2017 (15:06)
1 Responses
Last Response: Apr 19 2017 (15:06)
Commentary/Human Interest
Rang De Basanti^ 138872 news posts
Finance Ministry used to subsidise losses on operating strategic rail routes prior to merger of budgets
The...
The...
read more... Railways seek aid for unviable routes
This is the hidden cost of merging Rly Budget with General Budget. Ultimately FM has the final word.
If IR is not to be compensated for the losses incurred in operation of strategic rail lines just because annual dividend is waived off, the Govt have no moral right to force such projects on IR which often give negative rate of returns.
If IR is not to be compensated for the losses incurred in operation of strategic rail lines just because annual dividend is waived off, the Govt have no moral right to force such projects on IR which often give negative rate of returns.