25 per cent jump in Rail, Welding fractures last year

25 per cent jump in Rail, Welding fractures last year

Here’s a figure that should really worry you: 2017-18 saw a 25 per cent increase in rail and weld fractures, the highest in the last three fiscal years. Rail fractures are one of the major causes for train derailments that could cause human fatalities.

Indian Railways gets ready for Accrual Accounting

Indian Railways gets ready for Accrual Accounting

The 165-year-old Indian Railways will usher in its most profound accounting reform since Independence as it prepares its financial statements for the current fiscal under the accrual-based accounting system, the process widely followed by the corporate sector.

As Projects Pile Up, Indian Railways Turn To DPRs For Those Worth Over Rs 50 Cr

As Projects Pile Up, Indian Railways Turn To DPRs For Those Worth Over Rs 50 Cr

Faced with massive cost-overruns and procedural wrangles over certain projects, Indian Railways has decided against approving any works above Rs 50 crore without a detailed project report (DPR). All works costing above Rs 50 crore shall be approved only after preparation of DPRs that contai detailed estimates,

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