CAG report being used selectively, Railways to reply to Parliament soon: Govt sources
NEW DELHI: In response to the CAG report being cited by certain quarters related to the expense on safety by the Indian Railways, government sources have said that this information is being selectively used.
Top sources have said that expenditure on all projects of Indian Railways, including Safety-related works, is funded from three major sources. “Gross Budgetary Support, internal generation of Indian Railways and external borrowing are the three heads for funding,” the sources said.
“Government set up a dedicated non-lapsable fund, Rashtriya Rail Sanraksha Kosh (RRSK) in 2017, with a corpus of Rs.1 lakh crore to be utilised over a period of five years starting 2017-18, for critical safety related works,” government sources further said.
