New Delhi: The Modi government of the Center can take a big step to create a new life in the Railways. In the upcoming budget, the Ministry of Railways is expected to get a new fund. The Railway Ministry is confident that the Modi government can announce pension funds during the budget session. Railway Board Chairman VK Yadav says that about 25 percent of the railway's annual revenue goes towards paying pension to retired employees only.
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According to this, the Railways only spend Rs 50,000 crore of its earnings on pension distribution. For this, the Railways has asked the Union Finance Ministry to start a new pension fund. The railway chairman has expressed the hope that in the upcoming budget, the central government can announce this new fund. According to the information received, the Ministry of Railways has about 15.5 lakh retired employees. Every month the Railways spends money to give pension to these employees. Apart from this, the monthly salary of 12.5 lakh employees working in the railways has to be borne separately. According to this, the total expenditure of the railways is almost equal to its total earnings.
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The Central Government is taking many important steps to revive the Ministry of Railways. Recently, in order to increase the trust among passengers, the Railway Ministry has introduced the facility from Wi-Fi to a mobile app.
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