Railways approaches Finance Ministry to relieve it of pension burden, says it consumes 25% earnings

NEW DELHI: The railways has approached the Finance Ministry, requesting that it be relieved of its pension burden and stating that it is paying Rs 50,000 crore from its earnings towards it annually, a senior official said on Wednesday.

However, this is not the first time that the railways has begged off its pension responsibilities, which eat into its earnings.

“We have approached the finance ministry to consider taking away the railways’ pension responsibilities. 25 per cent of the railways’ earnings goes into paying the pensions to 15.5 lakh former employees.

“We are hoping that it will be done in a graded manner,” Railway Board Chairman VK Yadav said. (AGENCIES)


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