Saturday, December 19, 2009
CALL it bankruptcy to millions rather than billions! Should Sudhir Kumar, influential 1982-batch Bihar cadre IAS officer and ex-OSD to former railway minister Lalu Prasad rewrite his much talked about book “Bankruptcy to Billions: How the Indian Railways Transformed” if current railway minister Mamata Banerjee's white paper painting the turnaround saga in black, comes true? Will Harvard University which too did a case study on Indian Railways' financial success now review its conclusions in the backdrop of the white paper's claim that a cash surplus of nearly Rs 90,000 crore ($18 billion) during Lalu Prasad's tenure as railway minister, was an inflated figure thanks to the changes made in accounting methods. The introduction of a concept called "investible surplus", also inflated the cash reserve by another Rs 23,584 crore ($4.7 billion), the paper said. The question is now whether Sudhir Kumar who was OSD to Mr Prasad from September 1, 2004 to May 22, 2009 will rewrite his book, explaining his side of the story. Mr Kumar who has been a joint secretary in the ministry of power since May 22, 2009, attracted quite a lot of enemies in the Rail Bhawan because of his handholding in all important events of the ministry. No wonder, Indian Railways with 1.4 million employees is one of the very few government ministries which are not headed by all powerful IAS officers. Reacting to babu blogger’s earlier post on why Sudhir Kumar should help Lalu, never known to be a mathematical wizard, in recalculating Rs 90,000 cr surplus in railways, one of the readers commented, “Could it be a case of Alice in Wonderland?”. Post your comments too. Earlier Post Sudhir Kumar should help Lalu recalculating Rs 90,000 cr surplus (July 13, 2009) Action & Appointments a) A Didar Singh, a 1976 batch Punjab cadre IAS, presently Member (Finance), National Highways Authority of India, has been appointed as secretary in the ministry of Overseas Indian Affairs in the vacancy of K Mohandas, a 1974 batch Kerala cadre IAS who is the new shipping secretary. b) Pradeep Kumar Pujari, a 1981 batch Gujarat cadre IAS has been appointed as Executive Director (North) in the Food Corporation of India (joint secretary level), under the department of food and public distribution.