NEW DELHI: Contrary to the Centre’s tall claims of Indian Railways earning profits, the Comptroller and Auditor General of India’s latest report tabled in Parliament on Tuesday showed that it has been struggling with losses. According to the report, the railways incurred a loss of Rs 26,388 crore in the last one year, though the Ministry of Railways had claimed a net surplus of Rs 1,589 crore.
Stating that the operating ratio (amount spent to earn every Rs 100) has increased from 97.29% in 2018-19 to 98.36% in 2019-20, the CAG report added that the latter figure didn’t “reflect the true financial performances of the railways” and would go up to 114.35% if actual expenditure on pension payments were take into account.
