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Speech of Shri Lalu Prasad Introducing the ... - Indian Railways

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accounting system have been made to reflect expenditure on lease charges accordingly,<br />

with necessary approval. These changes in <strong>the</strong> accounting system have effected a<br />

reduction <strong>of</strong> Rs. 1,616 cr. in <strong>the</strong> operating expenses. Overall, Revised Estimate <strong>of</strong><br />

Ordinary Working Expenses has been kept at Rs. 35,184 cr, which is Rs. 416 cr lesser<br />

as compared to <strong>the</strong> Budget Estimates. As a result <strong>of</strong> <strong>the</strong>se changes in <strong>the</strong> accounting<br />

system, an improvement <strong>of</strong> around 3% is also reflected in <strong>the</strong> operating ratio.<br />

6. According to <strong>the</strong> Revised Estimates <strong>of</strong> <strong>the</strong> current year, <strong>Indian</strong> <strong>Railways</strong>’ internal<br />

resources before dividend, would reach a historic level <strong>of</strong> Rs. 12,966 cr. Even after<br />

setting aside <strong>the</strong> effect <strong>of</strong> <strong>the</strong> accounting changes mentioned earlier, this amount would<br />

be Rs. 11,350 cr. Fund balances would be at a record level <strong>of</strong> Rs. 11,280 cr and <strong>the</strong><br />

operating ratio is expected to improve to 83.7%.<br />

Technological Upgradation and Modernisation<br />

7. The technological upgradation in every field <strong>of</strong> Railway working will be given <strong>the</strong><br />

utmost priority so that <strong>the</strong> reliability <strong>of</strong> services can be improved to gain customers’<br />

confidence and also bring down <strong>the</strong> operating and maintenance costs.<br />

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