‘Help us pay employee salaries’, Indian Railways seeks centre’s help to pay pensions

The monetary strength of Indian Railways has weakened to a degree that it doesn't have the cash to pay annuities to its resigned workers.

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Indian Railways is experiencing troublesome occasions. Trains have not been running since the episode of covid-19. The monetary strength of Indian Railways has weakened to a degree that it doesn’t have the cash to pay annuities to its resigned workers. As indicated by the sources, the Rail Minister has kept in touch with the Ministry of Finance to look for help so benefits can be given to resigned railroad labourers.

In a significant shock to the Center’s driven designs to push spending insignificant foundation segments, the Indian Railways, one of the key supporters of the country’s economy, has looked for the account service’s dire mediation as it can’t meet its benefits use of Rs.53, 000 crores for 2020-21, and asked North Block to assume control over its annuity obligation for this financial year. Indian Railways has around 13 lakh representatives and about 15 lakh retired people.

The railroad service’s failure to pay its beneficiaries raises alerts as its bleak financials put a question mark over its ability to try and pay rates to its lakhs of workers across India over the long haul. It has demonstrated that attributable to a money related crunch, all its foundation ventures will be influenced.


Indian railway needs to pay 53 thousand crore rupees as benefits in the year 2020-21. In the event that there is no assistance from the Finance Ministry, there could be a major issue of endurance for 15 lakh groups of resigned workers of the railroads. Genuine inquiries have been raised on the ability of Indian Railways as far as meeting the pay prerequisites of its right around 13 lakh workers.

Senior authorities of Indian Railways have demonstrated that attributable to a money related crunch, all its framework ventures will be influenced. The warnings were raised by the railroad service at a gathering called authorities of the Prime Minister’s Office with high ranking representatives of Central services to consider the framework segment.

In the Corona time, products trains are on target, some uncommon trains are running. Income is exceptionally less contrasted with standard days. On the off chance that the Corona emergency went on for quite a while, it is hard to pay the payment to the railroad labourers. The Railway Ministry has likewise educated the Prime Minister’s Office about the financial state of the Railways.

Shiva Gopal Mishra, General Secretary of All India Railway Men’s Federation told ‘Indianpsu’ that when such a circumstance has risen, it is the obligation and the duty of the Central government to mediate and give cash to Indian Railways to pay its retired people.

Rail Bhawan mandarins have in this way looked for prompt redressal from the fund service. Sources said during the high-level thoughts, it was demonstrated the high obligation overhauling risk had confined the railway abilities to produce assets inside, which seriously affected its store accessibility for basic undertakings.

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‘Help us pay employee salaries’, Indian Railways seeks centre's help to pay pensions
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The monetary strength of Indian Railways has weakened to a degree that it doesn't have the cash to pay annuities to its resigned workers.
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THE POLICY TIMES
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