Railways Pension Outgo To Hit Rs 6,500 Crore

New Delhi, Sept 19: | Updated: Sep 20 2003, 05:30am hrs
The pension liability of the Railways during the current financial year is estimated to go up to Rs 6,500 crore on account of increase in the number of pensioners and the sanction of higher dearness relief to pensioners.

Accordingly, appropriation to the pension fund from revenues will be enhanced to Rs 6,300 crore during the current fiscal, subject to adjustments.

This together with appropriation of Rs 200 crore from railway production units will enable the Railways to meet the pension requirement of Rs 6m500 crore during the year.