New Delhi: In a significant leadership development at Railway Board, Rohit Parmar (IRAS: 1999) has been appointed as Executive Director Finance (Expenditure).
The appointment comes at a crucial time when Indian Railways is undertaking its highest-ever capital expenditure (CAPEX), focusing on modernization, infrastructure expansion, and safety upgrades.
Strategic Role Amid Record Capex Push
Mr Parmar brings extensive experience in railway finance, statistics, and corporate financial management to the role. His expertise is expected to play a key role in streamlining financial approvals and ensuring efficient utilisation of resources.
His understanding of Expenditure and Statistics verticals will be particularly important for fast-tracking high-priority initiatives such as:
- Amrit Bharat Station Scheme
- Expansion of high-speed rail networks
- Large-scale infrastructure upgrades across zones
His return from a major Public Sector Undertaking (PSU) to the Railway Board is seen as a strategic move to strengthen financial governance at the top level.
Key Responsibilities in the New Role
As Executive Director Finance (Expenditure), Parmar will handle critical financial functions, including:
Project Oversight
Evaluating and granting financial concurrence for major infrastructure projects such as new railway lines, doubling, and electrification.
Expenditure Control
Monitoring ministry-wide spending to ensure alignment with approved budgetary allocations and appropriation accounts.
Policy Formulation
Framing financial rules, guidelines, and orders governing expenditure across all Zonal Railways.
Financial Scrutiny
Ensuring strict checks on procurement, stores, and establishment-related proposals to prevent financial irregularities.
Who Is Rohit Parmar?
Rohit Parmar is a senior officer of the Indian Railway Accounts Service (IRAS), known for his expertise in financial management within the railway ecosystem.
Personal & Service Details
- Batch: 1999
- Service: Indian Railway Accounts Service (IRAS)
- Date of Birth: July 15, 1973
- Grade: Senior Administrative Grade (SAG)
Career Highlights and Experience
Parmar has held several key positions across Indian Railways and its PSUs:
- Director, Finance (Expenditure)-II at Railway Board
- Chief Project Manager (Accounting Reforms)
- Group General Manager (Finance) and Chief General Manager (Finance) at Container Corporation of India and IRCON International Limited
- Experience in East Central Railway and Northern Railway
He has been closely associated with accounting reforms and financial restructuring, contributing to improved efficiency and transparency in railway finances.
Strengthening Financial Governance
With Indian Railways undertaking ambitious expansion and modernization projects, Parmar’s appointment is expected to enhance:
- Financial discipline
- Faster project clearances
- Better monitoring of large-scale investments
His experience across both government and PSU domains positions him well to handle the complexities of railway finance at a national scale.
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