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CAG flags financial loss of Rs 2,604 crore to Railways on interest payments, GST recovery, more

By Economic Times - 3 months ago
The CAG reported financial losses of Rs 2604.40 crore to Indian Railways, citing issues like non-recovery of loans, missed shunting charges, and GST non-compliance. Other flagged areas included unproductive expenditures and irregular contract awards. The CAG suggested changes to curtail these losses and advised responsibility fixing to prevent future lapses.

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