CAG Exposes Rs 4,087 Cr Dues to Railways from Private Firms; Many Unbilled

• CAG report reveals Indian Railways failed to recover Rs 4,087.33 crore from 269 private siding owners by March 2023.
• Many private firms were never billed for services, and agreements were not executed or renewed.
• The outstanding amount includes Rs 3,321.40 crore (with interest) in Land License Fees.
• Lack of monitoring and internal controls led to non-realisation of various charges.
• CAG recommends an integrated IT application, stronger monitoring, and inter-departmental coordination for recovery.

Why It Matters: CAG report highlights massive unrecovered dues to Railways from private firms due to billing and monitoring failures.