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.
FlashNews:
Global Trust as Essential as Scale in Green Hydrogen: Pralhad Joshi
Evolving Customer Needs Reshape India’s Aluminium Market, Says RUSAL
Delhi Airport Strengthens Global Hub Position with 160 Destinations
SDHI Doubles Workforce, Targets 550 More Hires by FY2027
RITES, NHIDCL Partner to Boost Highway Development in Strategic Regions
SDLG India Commits ₹15 Billion to Expand Manufacturing and Localisation
Airtel Cloud Signs 40 Clients as Manufacturing Fuels India Growth
NTPC Cancels Mouda BESS Contract, Moves to Retender After GRIL Default
Cummins India Launches Next‑Gen Power and Lifecycle Solutions for Emerging Infrastructure Demand
Ascenso Invests $100 Million to Build Giant Radial Mining Tyres in India
JCB India Launches 10 New Machines at Bauma Conexpo 2026
Eastman Launches VEKTOR Brand, Targets Monolithic Construction Growth
TORSA Machines Targets ₹5 Billion Revenue with Five‑Area, Five‑Year Strategy
SDLG India Unveils New Diesel and Electric Range for Infrastructure and Mining
CJI Surya Kant Calls for Preventive Justice to Avoid Infrastructure Disputes
Solar‑Plus‑Storage: Reliability for India’s C&I Sector
Suzlon Secures Maiden 200 MW Wind Order from Ayana Renewable Power
Tata Power Solaroof Crosses Half‑Million Rooftop Milestone, Targets 3 Million by 2029
REC Issues India’s First Tokenised Corporate Bonds Under SEBI Sandbox
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
Leave a Reply
You must be logged in to post a comment.