7th Pay Commission: Big pay-off for Indian Railways Employees through 7th CPC, Railway Minister Piyush Goyal says this
7th Pay Commission: After the implementation of the 7th CPC, the Indian Railways employees' salaries have gone up by as much as between 14 per cent to 26 per cent.
7th Pay Commission: After the implementation of the 7th CPC, the Indian Railways employees' salaries have gone up from 14 per cent to 26 per cent. The revelation was made by Union Railways Minister Piyush Goyal on December 4th on the floor of Parliament while giving details of the CAG (Comptroller and Auditor General) report on the operational expenditures of the Indian Railways. Goyal said that after the implementation of the 7th Pay Commission's recommendations accepted by the Central Government, the monthly salary of the lower grade employees of the Indian Railways has gone up from 14 per cent onwards while for the upper-grade Indian Railways employees, government expenditure has gone up to 26 per cent higher.
Informing the nation through their representatives inside the Parliament about the CAG report on the operational expenditure of the Indian Railways Piyush Goyal said that post-7th pay commission, the Indian Railways operational expenditures have gone up by around Rs 22,000 crores on the salaries of the Indian Railways employees. However, Goyal reminded the Parliament that post-pay Commission's implementations, rise in operating cost of the Indian Railways is a common phenomenon. The Indian Railways' operating cost had gone up by near 15 per cent post-6th Pay Commission implementation.
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As per the CAG report on the operational cost of the Indian Railways, the operating ratio of the Indian Railways in the financial year 2015-16 was at 90.49 per cent, which rose to 96.5 per cent in FY2016-17 and 98.44 per cent in FT2017-18. According to the Minister for Railways, this rise in Indian Railways Operational Cost in FY2017-18 is because of the rise in salary expenses of the Indian Railways employees after the implementation of the 7th CPC recommendations.