Financial Daily from THE HINDU group of publications
Tuesday, Feb 28, 2006
Financial Daily from THE HINDU group of publications Tuesday, Feb 28, 2006 |
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Economic Survey Government - Accounting Standards `Rlys accounting reforms to address Govt needs' Our Bureau
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."
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