Railways to fill vacant posts in RPF

Highlighting the efforts being made for the recruitment of staff in railway the Minister said that 1.75 lakh posts in Group 'C' and 'D' are being filled up and steps have been taken to fill up about 13,000 posts in Railway Protection Force.

These mega recruitment drives will cover the backlog of SC/ST/physically handicapped quota. She also announced that the railways is inducting 16,000 ex-servicemen by end of March 2011.

Stating that the Indian Railways is passing through difficult financial phase she said that, 6th Pay Commission's Recommendations have heavily impacted internal resource generation of the Railways. Disruption of train movements during 2010-11 resulted in a loss of about Rs.1,500 crore and another Rs. 2000 crore due to the ban on export of iron ore.

As a result, the loading target had to be reduced by 20 million tonnes to 924 million tonnes. However, in the revised estimates, goods earnings have been retained at the budget level based on trends of higher yield per Net Tonne Kilometer (NTKM). The total gross earnings have now been fixed at Rs. 94,742 crore which is Rs. 177 crore higher than the budget. With the reduced traffic suspense clearance of Rs. 98 crore , Gross Traffic Receipts is higher than the budget target by Rs. 75 crore at Rs. 94,840 crore.

On the basis of freight traffic projection of 993 million tonnes and passenger growth of 6.4% the Minister said that the Gross Traffic Receipts are estimated at Rs. 1,06,239 crore during 2010-11 which will cross the one lakh crore mark for the first time. While Working Expenses are estimated at Rs. 96,450 crore.

Source : Equity Bulls

Keywords