Railway Finance and Accounts, Indian Railway Finance and Accounts

Railway Finance and Accounts, Indian Railway Finance and Accounts
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What is the accounts department of the Railways?
The Indian Railway Accounts Service officers are responsible for the management of accounts and finances of the Indian Railways. A necessary part of this function is to scrutinize all transactions and record only those transactions, which are legitimately chargeable to the railways' revenues.
What is the account current in railway?
An Account Current is a statement of transactions which represents running transactions between parties. We prepare Account Current for a specific period of time. It includes interest received or charged on transactions.
What is the finance department of Indian Railways?
Indian Railway Finance Corporation (IRFC) is the dedicated funding arm of Indian Railways. The company was set up in December 1986 for mobilizing funds from domestic and overseas markets to meet the pre-dominant portion of Extra Budgetary Resources requirement of Indian Railways.