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FINANCIAL LAPSES IN RAILWAYS
Vande Bharat Amul curd row: IRCTC, vendor fined ₹60 lakh, contract cancelled after worms foundIndian Railways has imposed significant penalties after a passenger found worms in curd served on the Patna–Tatanagar Vande Bharat Express....- Railways lost Rs 573 cr through financial lapses in FY23The Comptroller and Auditor General (CAG) reported a loss of over ₹573 crore in the Ministry of Railways due to financial lapses and operat...
- Elderly couple wins 3-year-long refund battle against Indian Railways after being forced to miss train due to overcrowdingA senior couple from Hoodi, Bengaluru, successfully took on Indian Railways after they were forced to cancel a train journey due to severe ...
- CAG flags financial loss of Rs 2,604 crore to Railways on interest payments, GST recovery, moreThe CAG reported financial losses of Rs 2604.40 crore to Indian Railways, citing issues like non-recovery of loans, missed shunting charges...
- PAC flays Navy for delays in deployment of officers for Special Prahari BalThe SPB is a maritime force envisaged following the 26/11 Mumbai terror attack with a primary focus on providing security to all coastal an...
- Govt departments 'deviated' from advice to punish corrupt officials in 55 cases, maximum by railways: CVCThe Small Industries Development Bank of India (SIDBI), Bank of India and Delhi Jal Board have four such cases each and the Mahanadi Coalfi...
- Power engineers' body seeks withdrawal of Centre's directive to gencos for coal importsIt explained that these state gencos (power generation companies) have been thus exposed to the risk of overcharging, fudging of GCV values...
- CAG raps FCI for Rs 56.65 crore financial mismanagement in 2018-19FCI is the government's nodal agency that undertakes procurement and distribution of foodgrains for Public Distribution System (PDS) under ...
- View: George Fernandes, a leader smaller than himselfHe was a self-made leader, a drop-out from a Catholic seminary who never held a formal degree. But he was one of India’s best read politica...
- Railways terminates 16 caterers' contracts for poor-quality food, overchargingIn the fiscal year 2017-18, 16 catering contracts were terminated and a penalty of Rs 4.87 crore were imposed for various lapses in caterin...
- CAG flags glaring errors in railways accountsIn its latest report, the CAG also referred to the findings of the Public Accounts Committee (PAC) which had objected to the accounting err...
- Adhere to monthly/quarterly expenditure plans: FinMin to ministries"Beginning next fiscal, the financial advisors of the ministries/departments have to ensure adherence to the stipulated Monthly Expenditure...
- Parliamentary panel unhappy at railways spending in excess of budget grantsUnhappy to note that the railways was ending up spending more than what is earmarked for it in its budgetary allocations, a parliamentary p...
- Mumbai's suburban railway accidents claimed 9 lives daily in 2014If a passenger dies on a train while travelling, an 'Accidental Death Case' is usually registered by the railway police stations, even if i...
- CAG finds serious lapses at railway hospitalsThe CAG has also drawn attention to the absence of incinerators and supply of substandard drugs at many railway hospitals.
- Antrix-Devas deal: Government yet to take action against those responsibleThe Department of Space (DoS) had in July 2011 conveyed to the inquiry committee set up to probe the Antrix-Devas deal.
- Agreement termination notice sent to Devas: GovernmentThe agreement provided for leasing of 90 per cent of the space segment capacity by Antrix to Devas on two satellites for 12 year.
- Rs 400 crore insurance scam hits RailwaysDelhi Police arrested a 52-year-old senior accounts officer of the Indian Railways for allegedly siphoning off money contributed by 65,000 ...
- Get listed before approvals lapse: Disinvestment secretaryWith the market showing signs of a revival now, the new government may put the disinvestment programme back on the agenda.So, the ET talked...
- Administrative bungling: 105 officials in CVC netThe Central Vigilance Commission (CVC) has recommended action against 105 government officials for various administrative lapses, including...
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