Subject category:
Economics, Politics and Business Environment
Published by:
IBS Case Development Center
Length: 13 pages
Data source: Published sources
Topics:
Indian Railways; Rakesh Mohan Committee; Railway budget; Rail India Technical and Economy Services Ltd (RITES); Indian Railway Construction Corporation (IRCON); Indian Railway Central Organisation for Telecom (IRCTC); Prakash Tandon Committee; Commercialisation of Indian Railways; IR (Indian Railways); Views on privatisation of Indian Railways; Railway finances; Partition of India; Pension liability of Indian Railways; Railway zones
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Abstract
Celebrating its 150th anniversary in early 2003, Indian Railways (IR) is yet to see positive figures on its financial papers. Being India''s biggest public sector undertaking with 1.5 million employees and a capital investment of $10 billion, IR finds itself mired in bureaucracy and ideological constraints that has strangled its growth. With an extremely high operating ratio, it is neither able to cover its depreciation nor support its maintenance and expansion activities. It is felt that the time has come for Indian Railways to redefine its priorities of whether to continue as a public utility service or restructure itself into a commercial enterprise.
About
Abstract
Celebrating its 150th anniversary in early 2003, Indian Railways (IR) is yet to see positive figures on its financial papers. Being India''s biggest public sector undertaking with 1.5 million employees and a capital investment of $10 billion, IR finds itself mired in bureaucracy and ideological constraints that has strangled its growth. With an extremely high operating ratio, it is neither able to cover its depreciation nor support its maintenance and expansion activities. It is felt that the time has come for Indian Railways to redefine its priorities of whether to continue as a public utility service or restructure itself into a commercial enterprise.