7th Pay Commission Latest News: Indian railways has accepted long pending demand of its employees and decided to double the running allowance of railway guards, loco pilots, and assistant loco pilots. Presently, these employees are getting Rs 225 for 100 kilometres. This amount has been revised to about Rs 520.
Reportedly, with this step railway ministry will increase the annual burden of Indian railways by Rs 1,225 crore and the operating ratio will increase by 2.5 per cent. (7th Pay Commission Latest News)
The revised rates will now be sent to the Finance Ministry for the final approval. Notably, the staffs have been demanding an increase in the allowance for many years. The allowance of other employees was increased in 2017. (7th Pay Commission Latest News: Government Extends Benefits to Teachers, Other Academic Staff – Check Details Here)
Recently, the Central government had approved the proposal to extend the 7th Central Pay Commission to the teachers and other academic staff of the state government and government-aided degree level technical institution in the country. (7th Pay Commission: 6-month Arrears Approved For Government Employees)
The Central government will reimburse 50 per cent of the total additional expenditure that is from 1.1.2016 to 31.3.2019 which is to be incurred by these institutes for payment of arrears on account of 7th Central Pay Commission.
Meanwhile, it has also been reported that the Modi government may announce changes in its New Pension Scheme (NPS), also known as National Penson Scheme, by next week.