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From 50 Years Ago: Appraisal by Ignorance

Vol IV, No 12 MARCH 22, 1969

Appraisal by Ignorance

Used to pettifogging, the Estimates Committee has failed to grasp the opportunity presented by investigation of the major railway investment programme of electrification. Over the last 10 years, the railways have made a significant move away from steam to electric and diesel locomotion. The expenditure on electrification was estimated at Rs 45 crores under the Second Plan and Rs 123 crores under the Third Plan. This has obvious implications for investment criteria, organisational problems and indigenisation. How have the Railways dealt with these problems? And what is the Estimates Committee’s assessment of the programme? The seventieth report of the Estimates Committee of the Fourth Lok Sabha hardly throws any light on these problems.

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Updated On : 22nd Mar, 2019


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