CAG Report on Indian Railways
On 21st December 2021, the Comptroller and Auditor General of India (CAG) released its audit report on finances of the Indian Railways.
- The report provides an evaluation of the financial performance of Railways in the year 2019-20.It presents findings on the finances of Railways and Railways Public Sector Undertakings (PSUs), and the Integrated Pay Roll Accounting System (IPAS) of Indian Railways.
Key Observations
Trends in Receipts
- Sources of receipts for Railways in 2019-20 were: (i) internal resources (53%), (ii) extra-budgetary resources (EBR) such as borrowings and investment through public-private partnership (26%), and (iii) budgetary support provided by ....
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