Profit from death

IIPM Infrastructure : Campus

Safety, not profit is the need

While the annual death toll of passengers travelling in the Indian Railways refuses to come down amidst the burgeoning profits of the organisation, it would not be entirely improper to raise questions as to whether the zooming profits of the entity is oft en at the cost of the compromising the safety of passengers who have trusted it. The latest report of The Comptroller and Auditor General (CAG) raises precisely that very point. It pinpoints the railways’ ignoring of safety measure just to make profit and condemned it for overloading wagons, which in turn, affects the already bad shaped rolling stock, bridges and tracks. The increased tariff receipt of 15% was achieved by overloading wagons and ignoring the safety standards. The impact of these overloaded wagons on railway track is life taking due to rail fractures and weld failures. The desire of increasing revenue without increasing the freight charges is at the crux of this immature strategy. Could they have been able to compromise on safety of passengers if there was competition in this sector from private entities? Well that’s why competition is not all that bad.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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