CAG: Railways came close to bankruptcy in TMC era

A CAG report tabled in Parliament on Tuesday shows railway funds dwindled from Rs.21,681-crore in 2007-08 to a mere Rs.1,770-crore in 2011-12 under charge of Trinamool Congress. Mamata Banerjee was criticized as a railway minister(2009-2011) as she stubbornly refused to increase fares despite rising costs and announced new trains and projects, most of them aimed at wooing her home constituency.