Implementation of 7th CPC Salary & Pension and Performance Index of Railways

Implementation of 7th CPC Salary & Pension and Performance Index of
Railways **
Government of India, Ministry of Railways, LokSabha ** Unstarred Question No. 1645 ** Answered on 26-07-2017 ** Performance Index ** K. Maragatham ** will the Minister of Railways be pleased to state

 GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
LOK SABHA 

UNSTARRED QUESTION NO: 1645

ANSWERED ON: 26.07.2017 
Performance Index
 
K. MARAGATHAM 
Will the Minister of RAILWAYS be pleased to state:- 
(a) whether the Railways is mulling a new metric to measure its performance
index; 
(b) if so, the details thereof; 
(c) whether the Railways has formed a committee of executive directors to
look at some of the best corporate practices and suggest a new financial
ratio and if so, the details thereof; 
(d) whether the financial performance of the Railways is measured in
operating ratio which is expected to be at a five year high of 9.49% in
2016-17; and 
(e) if so, the details thereof? 
ANSWER
 
MINISTER OF STATE IN THE MINISTRY OF RAILWAYS
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(a) to (e) : A Statement is laid on the Table of the House. 
**** 
STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (e) OF UNSTARRED QUESTION
NO. 1645 BY SHRIMATI K. MARAGATHAM TO BE ANSWERED IN LOK SABHA ON
26.07.2017 REGARDING PERFORMANCE INDEX 
(a) to (c) A Committee of Executive Directors of Railway Board has been
constituted to (i) identify the limitations of the existing financial
ratios and (ii) suggest objective and satisfactory index of financial
performance. 
(d) & (e) The Operating Ratio (OR) representing the operating
efficacy of Indian Railways was 96.5% in 2016-17 and is the highest in
the last five years. This was mainly due to the combined effect of
increase in salary and pension expenditure towards implementation of
7th Pay Commission recommendations and subdued freight earnings on
account of lower coal transportation and drop in overall freight lead.

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7th-cpc-implementation-and-raiway-perfomance-index

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