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Indian Railway Finance Corporation (IRFC) is an Indian public sector undertaking [3] engaged in raising financial resources for expansion and running through capital markets and other borrowings. [ 4 ] [ 5 ] The Government of India owns a majority stake in the company, while the Ministry of Railways has administrative control.
John Matthai presented the first Railway Budget for Independent India on 20 November,1947 which was Interim Railway Budget and only after 3 months he presented his second Railway Budget on 24 February,1948 where revised estimates showed a fall in earnings of about 8 crores rupees as compared with the budget estimates.
IRFC may refer to: Indian Railway Finance Corporation, an Indian railway financing company; Islamabad Rugby Football Club, a rugby football club from Islamabad, Pakistan
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