Financial Daily from THE HINDU group of publications
Tuesday, Feb 28, 2006


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Logistics - Economic Survey
Government - Accounting Standards


`Rlys accounting reforms to address Govt needs'

Our Bureau

The Railways had appointed a consortium including French Railways SNCF and Ernst & Young, among others, to work on its accounting reforms programme.

New Delhi , Feb. 27

The Railways accounting reforms programme will enable it to support existing Government reporting requirements and provide activity or service-based revenue and cost data, according to the Economic Survey.

"The reforms programme embarked upon by the Railways to address various issues for business orientation of the organisation includes development of fully computerised cost accounting organised on business lines," said the survey, adding that it would be capable of providing both Government and commercial accounts.

The reform programme includes concessioning of loss-making branch lines as well.

The Railways had appointed a consortium including French Railways SNCF and Ernst & Young, among others, to work on its accounting reforms programme.

Staff side

On the staff side, it has reduced about 1.45 lakh employees in five years without resorting to retrenchment, by controlling fresh intake.

It has also done a "comprehensive training needs analysis of all categories of staff to suit training requirements of staff besides conducting special courses on new technology and better work practices."

More Stories on : Economic Survey | Accounting Standards | Railways

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Reconsider airport update plans: Panel


`Rlys accounting reforms to address Govt needs'
Congestion at major ports rising
EU move to boost carbon trading — All flights must buy credits to offset GHC emissions
Jet system to trace missing baggage
`Core sector can absorb $150 b FDI'
Delhi, Mumbai airports revamp to begin mid-year
`In-principle' decision on Chennai airport revamp taken

Detained Pak ship brought to Kochi
Kandla port embarks on Rs 5,081-cr expansion — Expects dry cargo movement to exceed 25 mt by 2013
Sethu canal: Dredging Corp may get more blocks
Ministry to study NH, Vallarpadam link project
Pak okays talks with DPW for Gwadar port
Chicken, eggs back on Railway menu
Madhucon bags NHAI project
Contracts for stretches under NHDP to be awarded soon



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line