new Delhi. The Modi authorities of the Center can take a giant step to revive the railways. In the upcoming finances, the Railway Ministry is anticipated to get a brand new fund. The Railway Ministry is assured that the Modi authorities could announce a pension fund through the finances session. Railway Board Chairman VK Yadav says that about 25 per cent of the railway's annual income goes in the direction of paying pension to retired staff solely.
According to this, the Railways solely spend Rs 50,000 crore of its earnings in pension distribution. For this, the Railways has requested the Union Finance Ministry to begin a brand new pension fund. <! –
The railway chairman has expressed the hope that within the upcoming finances, the central authorities can announce this new fund. According to the knowledge acquired, the Ministry of Railways has about 15.5 lakh retired staff.
Every month the Railways spends cash to offer pension to those staff. In addition, the month-to-month wage of 12.5 lakh staff working within the railways needs to be borne individually. According to this, the entire expenditure of the railways is nearly equal to its complete earnings.