Railway profit - Fact or Myth

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The committee, under Railway Board Finance Commissioner (FC) Sowmya Raghavan, will go into the “Operational, Financial & Administrative Performance of Indian Railways" between 2005-09.

In her reply to the Railway Budget in the Lok Sabha on July 10, Banerjee created a stir when she said the cash surplus of the Railways was a mere Rs 8,361 crore.

Her predecessor Lalu Yadav has claimed the Railways had a cash surplus of Rs 88, 946 crore during his tenure. Of this, the Railways paid a dividend of Rs 21,610 crore to the Union Government, while Rs 23,886 crore was appropriated to the Depreciation Reserve Fund (DRF).

After these, the net surplus during Yadav’s tenure is estimated at Rs 43,450 crore — over five times the figure quoted by Mamata Banerjee. ........ MORE
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