Title - Reliance on borrowings puts rlys at risk

The organisation now aims to raise Rs 218,775 crore through extra-budgetary sources to fund the 12th Plan expenditure of Rs 735,422 crore

The growing share of extra budgetary sources in the financial plan outlays of Indian Railways could become a cause of concern for the national transporter. Despite the prevailing financial crunch, the railways was able to maintain lease payments at a fairly constant range of six-seven per cent of its gross traffic receipts and nine-10 per cent of the ordinary working expenses.