Transforming Indian Railways: Towards an Integrated and Transparent Accounting System

Rajakumar

Abstract: This article delves into the critical analysis of the existing accounting system within Indian Railways IR, a vast network managed by the Government of India. Despite being one of the world?s largest railway systems, IRs accounting practices have been scrutinized for their complexity and lack of transparency, which obscure the financial health of the organization. Drawing insights from various committee reports including the Bibek Debroy and Rakesh Mohan Committees, the article highlights the urgent need for accounting reforms. These reforms aim to replace the current fragmented and government-oriented accounting system with a more commercial, understandable, and unified system. By adopting standardized accounting practices, IR seeks to enhance financial transparency, improve resource allocation, and support managerial decisions with accurate cost and performance data. The proposed transformation advocates for a shift to a single, consolidated accounting framework under One India-One Railway, thereby aligning IR with global accounting standards and practices.

Keywords: Indian Railways, accounting system, transparency, financial reform, unified management

How to Cite?: Rajakumar, "Transforming Indian Railways: Towards an Integrated and Transparent Accounting System", Volume 14 Issue 11, November 2025, International Journal of Science and Research (IJSR), Pages: 870-871, https://www.ijsr.net/getabstract.php?paperid=SR24321161715, DOI: https://dx.doi.org/10.21275/SR24321161715