https://www.taxtmi.com/news?id=52343 Gross traffic receipts from passenger and freight operations rose markedly in 2022-23, producing a net surplus and improved Operating Ratio. Freight profits were utilised to cross-subsidise passenger and coaching losses, while an uncovered loss in passenger operations remained. The CAG reported unsanctioned expenditure across many cases, instances of funds allocation to frozen projects, excess expenditure against revised sanctioned estimates, incomplete closure of works, and missing productivity tests that impeded assessment of anticipated earnings or savings. en-us Tue, 12 Aug 2025 21:46:03 +0530 Tue, 12 Aug 2025 21:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=52343 Gross traffic receipts from passenger and freight operations rose markedly in 2022-23, producing a net surplus and improved Operating Ratio. Freight profits were utilised to cross-subsidise passenger and coaching losses, while an uncovered loss in passenger operations remained. The CAG reported unsanctioned expenditure across many cases, instances of funds allocation to frozen projects, excess expenditure against revised sanctioned estimates, incomplete closure of works, and missing productivity tests that impeded assessment of anticipated earnings or savings. News - Tue, 12 Aug 2025 21:46:03 +0530 https://www.taxtmi.com/news?id=52343