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Finance Ministry has rejected the request of Indian Railways for Rs 32,000 cr as revenue grant, sought to tide over the impending impact of the 7th Pay Commission pay scale recommendations on the public transporter. (Express Photo by Ganesh Shirsekar)
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7th Pay Commission pay scale recommendations: In a communication to the Indian Railways, Finance Ministry has categorically rejected the Rs 32,000 cr demand expressing its inability to provide the grant, and has asked the public transporter to raise its own resources to manage the finance, said a senior Railway Ministry official close to the development on the matter. (Image Source: PTI)
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7th Pay Commission pay scale recommendations: Earlier Railway Minister Suresh Prabhu had written a letter to Finance Minister Arun Jaitley seeking Rs 32,000 cr as grant from the exchequer's for implementation of the Commission recommendations and has cited the difficult financial position that the railways is passing through. (Express photo by Vishal Srivastav)
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Earlier, the frequencies of many Delhi-bound trains including 14 Rajdhani, one Duronto, 10 Shatabdi were reduced from January 8 to February 29 keeping the prevailing fog situation in mind. (Express Photo by Tashi Tobgyal)
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The aim of the cleanliness survey launched today at New Delhi and Old Delhi stations is aimed at encouraging authorities to ensure that stations under them are hygienic and passenger-friendly. (Express Photo by Tashi Tobgyal)
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7th Pay Commission pay scale recommendations: According to the 7th Pay Commission report, the annual financial impact on Indian Railways will be approximately Rs 28,450 cr in addition to the normal growth which will require to be built into the Railway Budget 2016-17. (Express photo by Vishal Srivastav)
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7th Pay Commission pay scale recommendations: The initial assessment, however, is that this additional impact on Indian Railways would be around Rs 30,031 cr over and above the normal assessed growth of Rs 10,816 cr. (Express photo by Vishal Srivastav)
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7th Pay Commission pay scale recommendations: Suresh Prabhu has repeatedly maintained that the 7th Pay Commission burden is 'unbearable' and the Indian Railways cannot implement it without government help. (Express Photo by Ganesh Shirsekar)
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7th Pay Commission pay scale recommendations: Currently, the Indian Railways is facing a financial crunch with earnings from freight and passenger earnings below the target. (Express Photo by Ganesh Shirsekar)
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7th Pay Commission pay scale recommendations: Currently, pay and allowances and pension account for 51.5 per cent of the gross receipts of Indian Railways. With the financial impact of the 7th CPC, this will increase to 68 per cent of the gross receipts in 2016-17 at present level of growth. Indian Railways have put in place serious cost-cutting measures and are focusing on fuel management and other measures. (Express Photo by Surbhi Singh)
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