2 weeks ago

Fix liability for financial loss in electrification contracts in SECR zone: Parliament panel to Railways

New Delhi, A parliamentary committee has directed the Railway Ministry to fix responsibility of officers for a financial loss of ₹9 crore in electrification work contracts in the South East Central Railway Zone in 2017-18. Fix liability for financial loss in electrification contracts in SECR zone: Parliament panel to Railways It has also favoured bringing in a provision for the recovery of financial loss to the exchequer along with penal interest consequent to the fixing of responsibility. Supplied materials worth ₹9.0 crore could not be fully utilised for the intended purpose," the Committee on Public Accounts said in its report submitted to the parliament recently. "In order to ensure timely execution, the Committee urge that there ought to be a provision for recovery of financial loss to the exchequer along with penal interest consequent to the fixing of responsibility," the report said.

Hindustan Times
Loss Financial Work Report Committee Ministry Parliament Fix Financial Loss

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