Day Traders Lounge.

TradeJoker

Well-Known Member
Its not that sad to see traders loosing,but its very sad to see traders getting banned.
Just found out that vsa trader number 1(vsatrader1) got banned :eek:

He was a big fan of COW :rofl: Though he was little aggressive in his views he was a nice guy.

Fan of cow? Does he spray cow urine to computer before market starts
 
Railway Catering scam: Food products purchased at ten times their MRP



The response to a recent RTI filed by an activist Ajay Bose has revealed that the Central Railways' (CR) catering department purchased certain food items at several times their actual market price.

The RTI reply revealed that food items like 100 gram packets of Amul curd have been purchased at Rs 14 crores for around 15336 units, which comes to Rs 972 per unit for 100 gram curd. Similarly, refined oil has been purchased at Rs 253 a litre, tur dal, moong dal at RS 157 per kilogram which is several times higher than the existing market price. Cold drinks and water bottles were also purchased at prices twenty to thirty times higher than their actual price.

The Central railway base kitchen, other than supplying food to railway restaurants supplies food to long distance trains, canteens and restaurants at various stations across the central railway. The base kitchen also provides food to the Janahar gruh which is a low cost food outlet run by the railway authorities.

Talking to India Today, the RTI applicant, Bose said "Initially, the RTI query filed by me got no reply from CR authorities after which I filed an appeal and then they finally revealed the data. I received the information from commercial department on April 10 and the facts it revealed were shocking".

PRIVATE CONTRACTORS IN PROFIT; CR DEPARTMENT IN LOSS

"The food products were bought at rates that were almost ten times higher than actual market price. Almost every product was bought at a price higher than its actual market price. However, all these products were sold to the canteens, trains and restaurants at the usual market price. This has led to huge losses for railways but I don't understand how none of this ever came to light. The private catering contractors are making profits while the CR catering department is running in huge losses," Bose added.

"The catering department does not float any tenders, hence all the raw materials and other products are bought from a particular supplier only. If due process was followed by floating tenders then the contracts would have been issued to the lowest bidder. Nevertheless, the railway authorities have turned a blind eye so far towards the losses incurred at LTT and CST terminus and also at the Janahar gruh and base kitchen," said Bose.

Bose has also mentioned that the scam could run into crores and despite monthly audits conducted by the department, the misappropriations never came to light. He also hinted at the role of some senior railway officials in the scam who are allegedly working hand-in-gloves with the suppliers of food items.

On an average, the CR catering department provides food to more than a lakh people through pantries, catering agents, canteens and restaurants everyday.
http://indiatoday.intoday.in/story/...l-railways-maximum-retail-price/1/943435.html
 

Raj232

Well-Known Member
Last edited:
Timepass ji .. thanks for sharing, saw this only today and surprised nobody else has even noticed this forget reacting.

No wonder hard earned money of the public .... ..... .... .. forget it .. no point .. :(
But the pic shows much better food/snacks than what I have actually experienced.

.
...and you are unlikely to experience the same, because that photo is of the inaugural run of the Gatiman Express.

Check it here, the slideshow at the bottom (slide no. 5).

http://economictimes.indiatimes.com...-express-flagged-off/articleshow/51695275.cms
 
Getting bored..

Which TV programs do you guys watch during the market hours ? (apart from business channels).

I got "bhabhiji ghar pe hain" at 12, "Friends" at 12:30 and "AFV" at 2-3pm.

Those who don't watch TV or advise against it need not answer :D