Sunday, August 31, 2008

Rs 6500 cr diwali gift for Indian railways employees

The 6th Pay Commission report which has come as a Diwali gift for more than 10 lakh workers in Railways, It will cost around Rs 6,500 crore in the current financial year. In this Rs 6,500, Rs 5,000 crore has already been finalised in the current Railway Budget, "We have to make provision for an additional Rs 1,500 crore to meet the requirement," a senior Railway Ministry official said here.To balance this extra expenses the Indian railways planning to increase its revenue and going to take some cost cutting plans.

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