Page 128 - KRCL ENglish

Impact on accounts and
Sr. Action Taken &
No. Directions Auditor's Response Standalone
Financial Statements

3 Whether funds received / The funds received / receivable There is no impact on the
receivable for specic for specic schemes from Accounts and Standalone
schemes from central/ state central/ state agencies are Financial Statement.
agencies were properly properly accounted for.
accounted for / utilized as
per its term and conditions? With respect to utilization of
List the cases of deviation. funds received amounting to Rs.
12.50 Crores (Rs.9 Crore:
28.09.2017, Rs.3.50 Crores
:15.03.2018) and interest
accrued thereon from Ministry of
Tourism, Govt. of India for
d e v e l o p m e n t o f t o u r i s m
infrastructure at certain stations,
as per the terms of sanction if the
amount is not utilized within 6
months the same should be
s u r r e n d e r e d t o C e n t r a l
Government, unless extension is
granted. However the same is
not being done.
Further during FY 2019-20, the
company has received Rs. 17.64
Cr from Ministry of Railways
under Nirbahaya Fund for
installing CCTV cameras at
various stations in Konkan
Railway route out of which Rs.
6.49 Cr is utilized during the
year.
The remaining balance of Rs.
11.15 Cr is pending to be utilized
as on the balance sheet date.

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