Home » Railways seeks FinMin help to meet Pay Commission ´burden´ of Rs.32,000 cr

Railways seeks FinMin help to meet Pay Commission ´burden´ of Rs.32,000 cr

Infrastructure Finance
January 1, 2016January 1, 2016
Railways seeks FinMin help to meet Pay Commission ´burden´ of Rs.32,000 cr
Shares

As the Railways stares at Rs.32,000-crore additional costs for implementing the Seventh Pay Commission recommendations, Railway Minister Suresh Prabhu has reached out to the Finance Ministry seeking additional help. ¨Rs.32,000 crore is an unbearable burden on the Railway finances. We are talking to the Finance Ministry on how we can deal with this,¨ Prabhu said. The Railways, with over 13 lakh staff and an equal number of pensioners, is the only government organisation that meets its staff and pension outgoes from its revenues.

Leave a Reply