The study provides an exposure of the reality behind the nature and causes of the railways' crises regarding finances and management and presents a diagnostic analysis of the syndrome relating to their meltdown and failing health. Ever since the publication of the White Paper on Indian Railways (2009) and its presentation to the Parliament, an interesting but controversial issue was raised regarding the purpose, the period and the problems involved with it. A White Paper in general is a document of self introspection for analyzing the failures and infirmities and a programme of action to find out a solution feasible and acceptable in the larger interest of the organization. But the present White Paper, issued on 18th December, 2009, does not justify the basic characteristics, tenets and approach to assess the problem.
This study thus brings out a critical assessment of the White Paper on Indian railways in relation to Turnaroud and its aftermath, taking into account the holistic approach to the problem, and presenting it as an objective research work which leads to the final estimate of financial meltdown of the railways. It provides an anti-thesis to White Paper, and answer to its faulty findings and questionable interpretation of the subject material. It counteracts White Paper, the methodology of its analysis and the basic purpose behind its release. The study also gives in correct measure, an understanding and a workable plan for the railways' reforms and rejuvenation.