Tuesday, June 27, 2023
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As a part of the scheme of reorganization of the Railway Board as recommended by the Acworth Committee (1921), the Financial Commissioner for Railways was appointed in April 1923. This was followed by the Separation Convention of 1924 by which the Railway finances were separated from the General Finances of the Government of India. The process of the separation of the Accounting and Auditing functions on the Railways was completed in 1929, with the responsibility for the compilation of all the Accounts for