None
Skip to mainAccepting the long pending demand of employees’ unions, Indian Railways has decided to more than double the running allowance of railway guards, loco pilots, and assistant loco pilots, according to a PTI report. Presently, loco drivers, assistant loco drivers, and the railway guards, who help in movement of the trains and are called the ‘running staff’, receive a running allowance of around Rs 255 per 100 km, which is now being revised to about Rs 520.
According to the report, the Railway Ministry will also pay arrears of around Rs 4,500 crore for the period from July 1, 2017, to December 2018.
This move will, however, increase Indian Railways’ annual financial burden of allowances by Rs 1,225 crore and increase its operating ratio by 2.5 percent, according to a Railway Ministry source who was quoted in the report. In the month of November last year, the national transporter had a very high operating ratio of 117.05 percent. This means that it spent Rs 117.05 to generate every Rs 100, which is an indicator of its financial health.
🕑 18 Mar, 2024 01:16 PM
Changes in Reimbursement of Children Education Allowance as per NEP 2020
🕑 18 Mar, 2024 01:13 PM
Holiday declare for 14th April, 2024 – Birthday of Dr. B.R. Ambedkar
🕑 18 Mar, 2024 01:04 PM
Revised Flexible Complementing Scheme for Scientists
🕑 15 Mar, 2024 09:33 AM
Dearness Relief to Central Government pensioners from January 2024
🕑 14 Mar, 2024 09:14 AM
Interest rates for Small Savings for 1st Quarter of FY 2024-25 unchanged
🕑 12 Mar, 2024 03:22 PM
FinMin issues order on DA revision effective from January 1, 2024
🕑 12 Mar, 2024 03:04 PM
Bank Wage Revision:12th Bipartite Settlement & 9th Joint Note Signed
🕑 08 Mar, 2024 10:15 AM
DA Jumps to 50%! Central Govt Employees Get a Raise Just in Time
🕑 08 Mar, 2024 09:40 AM
Promotion via LDCE in case of pending prosecution
🕑 08 Mar, 2024 09:19 AM
Promotion via LDCE in case of pending prosecution
🕑 14 Mar, 2024 02:07 PM
Govt bans 18 vulgar 18 OTT. See the list here
🕑 08 Mar, 2024 01:49 PM
Pension Scheme Gains Traction Across States, Despite Central Hurdles
🕑 20 Feb, 2024 11:17 PM
CGHS rate for general surgery applicable from February 1, 2024
🕑 08 Feb, 2024 10:19 AM
No loan interst change as RBI maintains repo rate at 6.50% for the 6th time
🕑 07 Feb, 2024 08:28 PM
The Evolving Role of Pay Commissions in India: Mandatory or Myth?
🕑 05 Feb, 2024 03:50 PM
How much you take home increase after DA hike?
🕑 03 Feb, 2024 07:59 PM
Guaranteed Benefits in NPS: Election Gambit or Endgame for Retirees?
🕑 03 Feb, 2024 07:46 PM
Budget 2024. Benefit up to ₹ 25000. One in eight taxpayers to benefit