Financial Performance Analysis of Indian Railways
Financial Performance - An Overview of Indian Railways
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Financial Management is that managerial activity, which is concerned with the planning and controlling of the firm's financial resources. As a separate activity or discipline, it is of recent origin. It was a branch of economics till 1890. The discipline of finance has evolved significantly over the last five decades. Before 1950's finance was primarily descriptive and financial management relied heavily on institutional descriptions rather than on scientific observation and analysis. Along with the changing role of a financial manager, the objectives of financial management have also been und...
Financial Management is that managerial activity, which is concerned with the planning and controlling of the firm's financial resources. As a separate activity or discipline, it is of recent origin. It was a branch of economics till 1890. The discipline of finance has evolved significantly over the last five decades. Before 1950's finance was primarily descriptive and financial management relied heavily on institutional descriptions rather than on scientific observation and analysis. Along with the changing role of a financial manager, the objectives of financial management have also been undergoing a change depending on the underlying objective of the firms.After Independence, the railways' finances were important enough to be tackled by experts, in order to bring about a new wave of transportation.The railways alone touch about 80 per cent of the logistic needs of the country. They are also the cheapest, as compared to any of the world's railway systems, and are regarded as the backbone of the national economy. Independent India's first railway convention was conducted in 1949.We hope this book is used for the Students, Postgraduates & Research Scholars.
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