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Employees can borrow up to 34 months of their basic pay, with a cap of ₹25 lakh, the cost of the house or flat, or an amount based on their repayment capacity—whichever is the lowest. If both spouses are central government employees, they can apply for the Housing Building Advance (HBA) either jointly or separately.
A target to eliminate all unmanned railway crossings by 2020 was announced. There are about 11,000 unmanned crossings in India. The 2015 budget had allocated ₹ 6,581 crore (US$789 million) to eliminate 3,500 of these crossing. But by February 2016, work had been completed on only 1,000 of them. [8] CCTVs will be installed in major stations. [9]
Following the recommendation of the Acworth Committee in 1920–21, headed by British railway economist William Acworth [2] The "Acworth Report" led to reorganisation of railways, the railway finances were separated from the general government finances in 1924. After that in 1924 the budget was announced, a practice that continued till 2016. [3 ...
The Sixth Central Pay Commission, unlike the earlier Central Pay Commissions, was given a wide remit. It included making recommendations to rationalize the governmental organization and structure to make them more "modern, professional and citizen friendly entities that are dedicated to the service of the people". [2]: para 1.1.6–7
Satellite stations will be built around 10 major stations to reduce congestion and serve the suburbs. Four Railway Research Centres will be introduced in select four universities. [5] [1] The Indian Railway will raise ₹17,655 crore from the market through its two companies Indian Railway Finance Corporation (IRFC) and Rail Vikas Nigam Limited ...
The Indian Railway Personnel Service (IRPS) is a Prestigious Group 'A' Central Civil Service cadre of the Government of India. The central civil servants of this service are responsible for managing the Human Resources of the Indian Railways and welfare of railway employees and their families. Railways has a work force of about 1.4 million ...
Pay cheques were issued by a number of companies, including the Great Western Railway, London, Midland and Scottish Railway, London & North Western Railway, British Railways, [4] Great Central Railway, [8] North Eastern Railway, [9] etc.
Indian Railways is a statutory body under the ownership of the Ministry of Railways of the Government of India that operates India's national railway system. It is headed by a Railway Board whose chairman reports to the Ministry of Railways. It is organized into separate functional groups or verticals while divided into 19 operational zones ...