RUNNING ON EMPTY
There are no funds to carry out even regular maintenance work No money to put into the Depreciation Relief Fund, used for replacing and strengthening old assets including tracks, locomotives, bridges and signals. No money to put into the Development Fund for improving passenger and staff amenities. Railways failed to float capital bonds, as promised by then minister Mamata Banerjee in her Budget speech, to replace overaged assets and for doubling of track and gauge conversion. Railways has failed to fill 1,40,000 safety-related vacancies. Payments to contractors and suppliers withheld. Supplies of crucial equipment like signalling cables, fishplates and skids for tracks have been withheld.