Taking note of the increasing amount of pension and losses in the passenger buisness, a parliamentary committee has suggested rationalisation of train fares while advocating that the Finance Ministry should partly bear the pension liability of the Indian Railways. The cash-strapped Railways — one of the largest public-sector employers —[Read More…]
Tag: Union Budget 2017-18
Finance minister Arun Jaitley presents Union Budget 2017-18 in Lok Sabha
Finance Minister Arun Jaitley is presenting the Union Budget 2017 in Parliament. This budget is also special as it is the first time that the Union and railway budgets have been merged. The merger brought an end to the 92-year-old tradition of having a separate railway budget. The demonetization of[Read More…]