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Railways sets aside ₹10,000 cr for restoration of allowances next fiscal
February 02, 2021
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The Railways may restore the allowances of its 12 lakh employees that were withheld due to the Covid-19 pandemic, with the national transporter proposing to allocate extra 12 per cent of funds towards staff cost in the coming fiscal.
Accordingly, the Railways has allocated ₹93,345 crore for staff cost the next fiscal, up almost ₹10,000 crore, compared to the current year.
For the next year, ordinary working expenses (OWE) are slated at ₹1.54-lakh crore, only 2.87 per cent more than FY20. The OWE of Indian Railways largely comprises staff cost, fuel cost and lease payments to Indian Railway Finance Corporation (IRFC), the borrowing arm of Indian Railways.