In an emerging economy, transport planners have a difficult task of allocating scarce and costly capital amongst the available shelf of railway projects to effectively meet the increasing demands for railway infrastructure. Hitherto, a single criterion such as IRR was being used for ranking and...

Indian Railways is one of the world’s largest public sector organizations. Its network, traffic, organization and extent of vertical integration are gigantic. This paper undertakes a critical examination of its procurement process to understand the procedures and institutional mechanisms which...

The risks of corruption in public sector procurements are higher due to larger sizes of contracts involved. Procurement processes of Indian public organizations have gradually been strengthened over the years, under prodding of oversight bodies, to incorporate most of the methods for preventing...