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Rs 6.85 cr 'irregular' payment by Railways to foreign supplier: Parliament panel

By Economic Times - 10 months ago
A Public Accounts Committee (PAC) report disclosed that Banaras Locomotive Works (BLW) of Indian Railways bought equipment for discontinued diesel locomotives, worth Rs 6.85 crore, from a foreign vendor in 2017. The report highlights the vendor's delayed delivery and BLW's decision to accept the equipment at a 36% discount, despite initially rejecting it. The purchase was questioned due to the cessation of diesel locomotive production and discrepancies in the assessment of spare parts requirements.

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