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.
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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
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