Saturday, January 16, 2016

Railways to introduce online system for tracking costs, Asset creation

The Railways is introducing an online system for tracking cost and output creation at divisional level for better Financial Management and Reporting that will usher in more transparency and efficiency in the system. To be called "Performance and Activity Based Unit Costing", the process is expected to produce an outcome budget for the railways where it will be able to analyse step wise costing of every asset created and services delivered.

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