IR's recipe of sure shot financial disaster
(1) Recruiting 1.1 lac more employees at this juncture, when the staff costs are a whopping 70% of total revenue.
(2) Freezing non ac fares, season passes since a decade in spite of sharp rise in input cost
(3) Continue operation of loss making trains (esp. with short rake) with very low patronage & revenue.
(4)...
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Going for flexifare, suvidha/ special fare trains which will kill its golden goose (premium all ac train passengers) in spite of its continuously falling market share since last 7 decades. It is especially dangerous especially at a time when its competitors airlines are spreading wings thru UDAAN scheme and bus operators are zipping past growing network of expressways.
(5) Not freezing plethora of newline projects with negative and very low rate of return projects earlier sanctioned with political motives.
(6) Not augmenting the profit making supersaturated trunklines on priority and instead splurging market borrowed money on loss making projects.
(7) Slow and dubious decision making
(8) Not exploiting technology to improve efficiency
(9) Continue splurging scarce funds on non core activities like running schools, colleges, hospitals etc etc etc.