Ministry of Railways Constitutes High Level Committee for Improving Financial Health of Indian Railways

The Ministry of Railways has decided to constitute a High Level Committee to identify factors, issues and avenues for improving financial health of Indian Railways consisting of the following:-

1.      Shri D.K. Mittal, IAS, (Retd) former Secretary to Govt. of India,   Chairman, 

2.      Secretary Economic Affairs or his Representative,                            Member.

3.      Advisor (Accounts), Railway Board,                                                  Member Secretary

4.       Chairman & Managing Director RITES                                            Member,

5.      Chairman & Managing Director, IRCON,                                         Member,

6.      Chairman & Managing Director, CONCOR                                      Member,

7.      Managing Director, RLDA,                                                                Member, 

8.      M/s Boston Consulting Group (India) Private Ltd.                            Member,

9.      M/s Mckensey India,                                                                          Member

Ms. Namita Mehrotra, Executive Director Finance (Resource Mobilization) will be associate on behalf of the Ministry of Railways

Followings are the Terms of Reference of the Committee:-

i)                    To study the existing revenue structure and avenues for realizing revenue in Indian Railways;

ii)                  To examine the efficacy and sufficiency of the existing revenue structure and avenue for raising revenues in Indian Railways;

iii)                To identify areas in the existing revenue  structure for improving revenue;

iv)                To identify areas for containing leakage of revenue.

v)                  To identifying additional avenues for generating and increasing revenues of  Indian Railways.

vi)                To recommend ways and means for monetization of resources of Indian Railways.

vii)              To identify other sources of funding for meeting the long terms modernization, expansion and updation needs of Indian Railways.

viii)            To identify avenues for reduction in expenditure.

ix)                To identify impediments and suggest remedial measures.

x)                  Any other recommendation the Committee may intend to make.

The Committee would submit its Report by 21^st December 2014.

Courtesy: pib.nic.in