Published On: Thu, Feb 25th, 2016

Railway facing Pay Commission award challenge

New Delhi: The Railway is facing Pay Commission award challenge, which exerts pressure on the Railway Ministry’s fiscal finances, the Railway Minister Suresh Prabhu said today in his Rail Budget speech.

Suresh Prabhu mentioned Vajpayee twice while mentioning the challenging times the Indian economy was facing and the looming impact of the Seventh Pay Commission and increased productivity bonus payouts.

Suresh Prabhu mentioned Vajpayee twice while mentioning the challenging times the Indian economy was facing and the looming impact of the Seventh Pay Commission.

This is the challenging times for us due to the Seventh Pay Commission, Prabhu said he is expecting an operating ratio of 92 percent for year 2016-17.

He says the rise in operating expenditure because of the Sixth Pay Commission Report six years back was around 32 percent. However in FY17, Prabhu hopes to limit rise in operating expenditure to 11 percent.

Prabhu mentioned Vajpayee twice while mentioning the challenging times the Indian Railway was facing and the looming impact of the Seventh Pay Commission and increased productivity bonus payouts.

“These are challenging times, may be one of the toughest. At this moment, I am reminded of Vajpayee’s lines,” he said, reciting one of his poems “vipdaaye aati hai aye, hum na rukenge, hum na rukenge, aaghato ki kya chinta, hum na jhukenge, hum na jhukenge”.

Prabhu quoted Harivansh Rai Bachhan when he mentioned new structures needed for Indian railways. “Nav umang, nav tarang jeevan ka nav prasang, naval chah, naval rah jeevan ka nav pravah,” he recited.

At the end of his budget speech, Prabhu quoted Gautam Buddha to say that whenever one contemplates a journey, there are two mistakes one can make — not starting and not going all the way.

“We have already started the journey and I intend to go all the way and we will not rest till we take Indian Railways to a destination called success,” he said.

TST

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