The double-whammy of the Covid-19 pandemic and rising costs have been adversely affecting the net revenue of the Indian Railways, and the rail ministry has once again sought assistance from the finance ministry to ease the pressure in meeting its pension liabilities.
In the report on the actions taken by the ministry on the recommendations of the Parliamentary Standing Committee on Railways, tabled in Parliament last week, the national transporter said that while it was able to meet 2022-23 pension requirements on its own, it has asked the Ministry of Finance (MoF) for partial assistance on the insistence of the panel.
