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Blog Entry# 2145722
Posted: Jan 30 2017 (14:19)
26 Responses
Last Response: Feb 01 2017 (10:22)
26 Responses
Last Response: Feb 01 2017 (10:22)
Domestic air traffic is boo ming but the railways seem to be left out, especially in the more profitable AC classes. While air traffic grew 23%...
read more... Rlys' AC coach biz grows only 5%
21 Public Posts - Mon Jan 30, 2017
4 Public Posts - Tue Jan 31, 2017
It is actually an offshoot of the RM giving more powers to the babus with an expectation of achievement of stiff annual targets. So far, all the tightening measures had been directed towards the hapless middle class paxs (often without other options). No cost control measures have been taken towards the review of perks/facilities to employees many of which are continuing since British Raj. Instead they have been showered with 7th pay commission costing additional 30,000-35,000 crores to IR, resulting in 70% of revenue going in salary & pension, thereby pushing IR to the brink of financial bankruptcy.
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