Source of Financial Resources for Railways Improvement
1. Amend the Companies Act CSR rules to allow contribution to railway corpus fund which in turn would be used for improvement of railways as CSR activity.
2. Amend the Companies Act CSR rules to allow corporates (singly or jointly) to own the maintenances of railway stations and other railway properties as part of CSR activities.
3. Amend Companies Act CSR rules to allow R&D programs by corporates for railway infrastructures.
4. Amend the Companies Act CSR provisions to have mandatory audits of CSR activities by professional chartered accountants in order to ensure the right amount of funds spent as per point 1-3 as specified above and other CSR activities.
I personally feel this would go a long way in improvement of railways that too at a time when railways are starved with funds.
I trust these suggestions are well taken and any comments on these suggestions are welcome.
Thanks & Regards,
CA. Amith Khadloya more