[caption id="attachment_848" align="alignnone" width="259"] PMO[/caption]
The Prime Minister's Office (PMO) had to finally intervene to end the tussle between the Ministries of Finance and Railways over the issue of funding of the losses incurred by the Indian Railways in operating non-profitable trains on strategic lines and backward areas.
PMO Principal Secretary Nripendra Misra held a meeting late last month to resolve the issues arising out of the merger of Railway budget with the Union Budget. The meeting attended by Railway Board Chairman A.K. Mital, Railway Board Financial Commissioner B.N. Mohapatra, Department of Financial Services Secretary Anjuly Chib Duggal and joint secretary (Budget) in Ministry of Finance, decided the Union budget has to subsidize the railway budget for the losses incurred on running and maintaining strategic lines and connecting backward areas.