Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f2649be31d3-trace').style.display = (document.getElementById('cakeErr67f2649be31d3-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f2649be31d3-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f2649be31d3-code').style.display = (document.getElementById('cakeErr67f2649be31d3-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f2649be31d3-context').style.display = (document.getElementById('cakeErr67f2649be31d3-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f2649be31d3-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways&#039; plea for a temporary loan of Rs 2,101 crore to fund its development works.&amp;nbsp;
&lt;/div&gt;
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Turning down the loan request, the ministry has the asked state-run transporter, which is under acute financial stress, to meet its liabilities by raising resources.&amp;nbsp;
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&lt;br /&gt;
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Railways made the demand considering negative balances in its Capital Fund and the Development Fund used for maintaining ageing assets and creation of new ones.&amp;nbsp;
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&lt;br /&gt;
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&amp;quot;The finance ministry has not agreed to extend the loan and has advised the railways to meet this liability by raising resources suitably in the current year 2011-12,&amp;quot; railways minister Dinesh Trivedi told Rajya Sabha in a written reply.&amp;nbsp;
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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This rebuff coincides with railways&#039; resistance to hike passenger fare, including a nudge from the finance ministry that has asked for an upward revision in second class and sleeper tariffs.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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The transporter managed an &amp;quot;excess&amp;quot; of Rs 1,405 crore after meeting its revenue sending-working expense, dividend and miscellaneous expenditure, but this was not enough to meet planned expenditure from Capital Fund and Development Fund.&amp;nbsp;
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&lt;br /&gt;
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The shortfall in transporter&#039;s internal finances was attributed to steep increase in employees&#039; expenses and pension due to implementation of the sixth Pay Commission.&amp;nbsp;
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Arguing for government&#039;s fiscal intervention from general revenue, an official said the ordinary working expense of transporter has increase tremendously from Rs 41,033 crore in 2007-08 to Rs 73,650 crore in 2011-12 due to massive increase in employees&#039; cost coupled with hike in expenses incurred for electricity and diesel.&amp;nbsp;
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Sources said the burden of the sixth Pay Commission is around Rs 73,000 crore, pointing out that the pension bill has increased from Rs 7,953 crore in 2007-08 to Rs 16,000 crore in 2011-12.
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Despite fiscal constraints, it was argued that railways has been paying its dividend to the government on time and spending around Rs 23,000 crore every year in meeting government&#039;s social responsibilities like subsidizing passenger fare and local travel and giving fare concessions to targeted groups like students, senior citizens and patients.&amp;nbsp;
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Experts argued that the government must intervene to save railways by increasing gross budgetary support and funding socially desirable projects if it wants the state-run transporter to perform its social duties.&amp;nbsp;
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&amp;quot;If government is bailing out Air India which is not meeting any social obligations, then why this neglect for railways?&amp;quot; an expert asked.
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&lt;br /&gt;
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At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways&#039; plea for a temporary loan of Rs 2,101 crore to fund its development...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways&#039; plea for a temporary loan of Rs 2,101 crore to fund its development works.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Turning down the loan request, the ministry has the asked state-run transporter, which is under acute financial stress, to meet its liabilities by raising resources.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Railways made the demand considering negative balances in its Capital Fund and the Development Fund used for maintaining ageing assets and creation of new ones.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;The finance ministry has not agreed to extend the loan and has advised the railways to meet this liability by raising resources suitably in the current year 2011-12,&amp;quot; railways minister Dinesh Trivedi told Rajya Sabha in a written reply.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;This rebuff coincides with railways&#039; resistance to hike passenger fare, including a nudge from the finance ministry that has asked for an upward revision in second class and sleeper tariffs.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The transporter managed an &amp;quot;excess&amp;quot; of Rs 1,405 crore after meeting its revenue sending-working expense, dividend and miscellaneous expenditure, but this was not enough to meet planned expenditure from Capital Fund and Development Fund.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The shortfall in transporter&#039;s internal finances was attributed to steep increase in employees&#039; expenses and pension due to implementation of the sixth Pay Commission.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Arguing for government&#039;s fiscal intervention from general revenue, an official said the ordinary working expense of transporter has increase tremendously from Rs 41,033 crore in 2007-08 to Rs 73,650 crore in 2011-12 due to massive increase in employees&#039; cost coupled with hike in expenses incurred for electricity and diesel.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Sources said the burden of the sixth Pay Commission is around Rs 73,000 crore, pointing out that the pension bill has increased from Rs 7,953 crore in 2007-08 to Rs 16,000 crore in 2011-12.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Despite fiscal constraints, it was argued that railways has been paying its dividend to the government on time and spending around Rs 23,000 crore every year in meeting government&#039;s social responsibilities like subsidizing passenger fare and local travel and giving fare concessions to targeted groups like students, senior citizens and patients.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Experts argued that the government must intervene to save railways by increasing gross budgetary support and funding socially desirable projects if it wants the state-run transporter to perform its social duties.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;If government is bailing out Air India which is not meeting any social obligations, then why this neglect for railways?&amp;quot; an expert asked.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways&#039; plea for a temporary loan of Rs 2,101 crore to fund its development works.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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Turning down the loan request, the ministry has the asked state-run transporter, which is under acute financial stress, to meet its liabilities by raising resources.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Railways made the demand considering negative balances in its Capital Fund and the Development Fund used for maintaining ageing assets and creation of new ones.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;The finance ministry has not agreed to extend the loan and has advised the railways to meet this liability by raising resources suitably in the current year 2011-12,&amp;quot; railways minister Dinesh Trivedi told Rajya Sabha in a written reply.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
This rebuff coincides with railways&#039; resistance to hike passenger fare, including a nudge from the finance ministry that has asked for an upward revision in second class and sleeper tariffs.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The transporter managed an &amp;quot;excess&amp;quot; of Rs 1,405 crore after meeting its revenue sending-working expense, dividend and miscellaneous expenditure, but this was not enough to meet planned expenditure from Capital Fund and Development Fund.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The shortfall in transporter&#039;s internal finances was attributed to steep increase in employees&#039; expenses and pension due to implementation of the sixth Pay Commission.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Arguing for government&#039;s fiscal intervention from general revenue, an official said the ordinary working expense of transporter has increase tremendously from Rs 41,033 crore in 2007-08 to Rs 73,650 crore in 2011-12 due to massive increase in employees&#039; cost coupled with hike in expenses incurred for electricity and diesel.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Sources said the burden of the sixth Pay Commission is around Rs 73,000 crore, pointing out that the pension bill has increased from Rs 7,953 crore in 2007-08 to Rs 16,000 crore in 2011-12.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Despite fiscal constraints, it was argued that railways has been paying its dividend to the government on time and spending around Rs 23,000 crore every year in meeting government&#039;s social responsibilities like subsidizing passenger fare and local travel and giving fare concessions to targeted groups like students, senior citizens and patients.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Experts argued that the government must intervene to save railways by increasing gross budgetary support and funding socially desirable projects if it wants the state-run transporter to perform its social duties.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;If government is bailing out Air India which is not meeting any social obligations, then why this neglect for railways?&amp;quot; an expert asked.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Times of India, 1 December, 2011, http://timesofindia.indiatimes.com/india/Govt-rejects-railways-Rs-2101cr-loan-plea/articleshow/10937722.cms&#039;,
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At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways&#039; plea for a temporary loan of Rs 2,101 crore to fund its development...&#039;
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                <strong>Govt rejects railways’ Rs 2,101cr loan plea by Mahendra Kumar Singh</strong></h1>
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                <div style="text-align: justify"><br /></div><div style="text-align: justify">At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways' plea for a temporary loan of Rs 2,101 crore to fund its development works.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Turning down the loan request, the ministry has the asked state-run transporter, which is under acute financial stress, to meet its liabilities by raising resources.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Railways made the demand considering negative balances in its Capital Fund and the Development Fund used for maintaining ageing assets and creation of new ones.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;The finance ministry has not agreed to extend the loan and has advised the railways to meet this liability by raising resources suitably in the current year 2011-12,&quot; railways minister Dinesh Trivedi told Rajya Sabha in a written reply.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">This rebuff coincides with railways' resistance to hike passenger fare, including a nudge from the finance ministry that has asked for an upward revision in second class and sleeper tariffs.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The transporter managed an &quot;excess&quot; of Rs 1,405 crore after meeting its revenue sending-working expense, dividend and miscellaneous expenditure, but this was not enough to meet planned expenditure from Capital Fund and Development Fund.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The shortfall in transporter's internal finances was attributed to steep increase in employees' expenses and pension due to implementation of the sixth Pay Commission.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Arguing for government's fiscal intervention from general revenue, an official said the ordinary working expense of transporter has increase tremendously from Rs 41,033 crore in 2007-08 to Rs 73,650 crore in 2011-12 due to massive increase in employees' cost coupled with hike in expenses incurred for electricity and diesel.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Sources said the burden of the sixth Pay Commission is around Rs 73,000 crore, pointing out that the pension bill has increased from Rs 7,953 crore in 2007-08 to Rs 16,000 crore in 2011-12.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Despite fiscal constraints, it was argued that railways has been paying its dividend to the government on time and spending around Rs 23,000 crore every year in meeting government's social responsibilities like subsidizing passenger fare and local travel and giving fare concessions to targeted groups like students, senior citizens and patients.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Experts argued that the government must intervene to save railways by increasing gross budgetary support and funding socially desirable projects if it wants the state-run transporter to perform its social duties.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;If government is bailing out Air India which is not meeting any social obligations, then why this neglect for railways?&quot; an expert asked.</div><div style="text-align: justify"><br /></div>               </font>
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At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways&#039; plea for a temporary loan of Rs 2,101 crore to fund its development works.&amp;nbsp;
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Turning down the loan request, the ministry has the asked state-run transporter, which is under acute financial stress, to meet its liabilities by raising resources.&amp;nbsp;
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Railways made the demand considering negative balances in its Capital Fund and the Development Fund used for maintaining ageing assets and creation of new ones.&amp;nbsp;
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&amp;quot;The finance ministry has not agreed to extend the loan and has advised the railways to meet this liability by raising resources suitably in the current year 2011-12,&amp;quot; railways minister Dinesh Trivedi told Rajya Sabha in a written reply.&amp;nbsp;
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This rebuff coincides with railways&#039; resistance to hike passenger fare, including a nudge from the finance ministry that has asked for an upward revision in second class and sleeper tariffs.&amp;nbsp;
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The transporter managed an &amp;quot;excess&amp;quot; of Rs 1,405 crore after meeting its revenue sending-working expense, dividend and miscellaneous expenditure, but this was not enough to meet planned expenditure from Capital Fund and Development Fund.&amp;nbsp;
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The shortfall in transporter&#039;s internal finances was attributed to steep increase in employees&#039; expenses and pension due to implementation of the sixth Pay Commission.&amp;nbsp;
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Arguing for government&#039;s fiscal intervention from general revenue, an official said the ordinary working expense of transporter has increase tremendously from Rs 41,033 crore in 2007-08 to Rs 73,650 crore in 2011-12 due to massive increase in employees&#039; cost coupled with hike in expenses incurred for electricity and diesel.&amp;nbsp;
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Sources said the burden of the sixth Pay Commission is around Rs 73,000 crore, pointing out that the pension bill has increased from Rs 7,953 crore in 2007-08 to Rs 16,000 crore in 2011-12.
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Experts argued that the government must intervene to save railways by increasing gross budgetary support and funding socially desirable projects if it wants the state-run transporter to perform its social duties.&amp;nbsp;
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&amp;quot;If government is bailing out Air India which is not meeting any social obligations, then why this neglect for railways?&amp;quot; an expert asked.
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	&#039;title&#039; =&gt; &#039;Govt rejects railways’ Rs 2,101cr loan plea by Mahendra Kumar Singh&#039;,
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At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways&#039; plea for a temporary loan of Rs 2,101 crore to fund its development works.&amp;nbsp;
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Turning down the loan request, the ministry has the asked state-run transporter, which is under acute financial stress, to meet its liabilities by raising resources.&amp;nbsp;
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Railways made the demand considering negative balances in its Capital Fund and the Development Fund used for maintaining ageing assets and creation of new ones.&amp;nbsp;
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&amp;quot;The finance ministry has not agreed to extend the loan and has advised the railways to meet this liability by raising resources suitably in the current year 2011-12,&amp;quot; railways minister Dinesh Trivedi told Rajya Sabha in a written reply.&amp;nbsp;
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This rebuff coincides with railways&#039; resistance to hike passenger fare, including a nudge from the finance ministry that has asked for an upward revision in second class and sleeper tariffs.&amp;nbsp;
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The transporter managed an &amp;quot;excess&amp;quot; of Rs 1,405 crore after meeting its revenue sending-working expense, dividend and miscellaneous expenditure, but this was not enough to meet planned expenditure from Capital Fund and Development Fund.&amp;nbsp;
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The shortfall in transporter&#039;s internal finances was attributed to steep increase in employees&#039; expenses and pension due to implementation of the sixth Pay Commission.&amp;nbsp;
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Arguing for government&#039;s fiscal intervention from general revenue, an official said the ordinary working expense of transporter has increase tremendously from Rs 41,033 crore in 2007-08 to Rs 73,650 crore in 2011-12 due to massive increase in employees&#039; cost coupled with hike in expenses incurred for electricity and diesel.&amp;nbsp;
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Sources said the burden of the sixth Pay Commission is around Rs 73,000 crore, pointing out that the pension bill has increased from Rs 7,953 crore in 2007-08 to Rs 16,000 crore in 2011-12.
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&lt;br /&gt;
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Despite fiscal constraints, it was argued that railways has been paying its dividend to the government on time and spending around Rs 23,000 crore every year in meeting government&#039;s social responsibilities like subsidizing passenger fare and local travel and giving fare concessions to targeted groups like students, senior citizens and patients.&amp;nbsp;
&lt;/div&gt;
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&lt;br /&gt;
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Experts argued that the government must intervene to save railways by increasing gross budgetary support and funding socially desirable projects if it wants the state-run transporter to perform its social duties.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;If government is bailing out Air India which is not meeting any social obligations, then why this neglect for railways?&amp;quot; an expert asked.
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&lt;br /&gt;
&lt;/div&gt;&#039;,
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At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways&#039; plea for a temporary loan of Rs 2,101 crore to fund its development...&#039;
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                <strong>Govt rejects railways’ Rs 2,101cr loan plea by Mahendra Kumar Singh</strong></h1>
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                <div style="text-align: justify"><br /></div><div style="text-align: justify">At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways' plea for a temporary loan of Rs 2,101 crore to fund its development works.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Turning down the loan request, the ministry has the asked state-run transporter, which is under acute financial stress, to meet its liabilities by raising resources.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Railways made the demand considering negative balances in its Capital Fund and the Development Fund used for maintaining ageing assets and creation of new ones.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;The finance ministry has not agreed to extend the loan and has advised the railways to meet this liability by raising resources suitably in the current year 2011-12,&quot; railways minister Dinesh Trivedi told Rajya Sabha in a written reply.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">This rebuff coincides with railways' resistance to hike passenger fare, including a nudge from the finance ministry that has asked for an upward revision in second class and sleeper tariffs.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The transporter managed an &quot;excess&quot; of Rs 1,405 crore after meeting its revenue sending-working expense, dividend and miscellaneous expenditure, but this was not enough to meet planned expenditure from Capital Fund and Development Fund.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The shortfall in transporter's internal finances was attributed to steep increase in employees' expenses and pension due to implementation of the sixth Pay Commission.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Arguing for government's fiscal intervention from general revenue, an official said the ordinary working expense of transporter has increase tremendously from Rs 41,033 crore in 2007-08 to Rs 73,650 crore in 2011-12 due to massive increase in employees' cost coupled with hike in expenses incurred for electricity and diesel.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Sources said the burden of the sixth Pay Commission is around Rs 73,000 crore, pointing out that the pension bill has increased from Rs 7,953 crore in 2007-08 to Rs 16,000 crore in 2011-12.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Despite fiscal constraints, it was argued that railways has been paying its dividend to the government on time and spending around Rs 23,000 crore every year in meeting government's social responsibilities like subsidizing passenger fare and local travel and giving fare concessions to targeted groups like students, senior citizens and patients.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Experts argued that the government must intervene to save railways by increasing gross budgetary support and funding socially desirable projects if it wants the state-run transporter to perform its social duties.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;If government is bailing out Air India which is not meeting any social obligations, then why this neglect for railways?&quot; an expert asked.</div><div style="text-align: justify"><br /></div>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f2649be31d3-trace').style.display = (document.getElementById('cakeErr67f2649be31d3-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f2649be31d3-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f2649be31d3-code').style.display = (document.getElementById('cakeErr67f2649be31d3-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f2649be31d3-context').style.display = (document.getElementById('cakeErr67f2649be31d3-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f2649be31d3-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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		&#039;title&#039; =&gt; &#039;Govt rejects railways’ Rs 2,101cr loan plea by Mahendra Kumar Singh&#039;,
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At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways&#039; plea for a temporary loan of Rs 2,101 crore to fund its development works.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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Turning down the loan request, the ministry has the asked state-run transporter, which is under acute financial stress, to meet its liabilities by raising resources.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Railways made the demand considering negative balances in its Capital Fund and the Development Fund used for maintaining ageing assets and creation of new ones.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;The finance ministry has not agreed to extend the loan and has advised the railways to meet this liability by raising resources suitably in the current year 2011-12,&amp;quot; railways minister Dinesh Trivedi told Rajya Sabha in a written reply.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
This rebuff coincides with railways&#039; resistance to hike passenger fare, including a nudge from the finance ministry that has asked for an upward revision in second class and sleeper tariffs.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The transporter managed an &amp;quot;excess&amp;quot; of Rs 1,405 crore after meeting its revenue sending-working expense, dividend and miscellaneous expenditure, but this was not enough to meet planned expenditure from Capital Fund and Development Fund.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The shortfall in transporter&#039;s internal finances was attributed to steep increase in employees&#039; expenses and pension due to implementation of the sixth Pay Commission.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Arguing for government&#039;s fiscal intervention from general revenue, an official said the ordinary working expense of transporter has increase tremendously from Rs 41,033 crore in 2007-08 to Rs 73,650 crore in 2011-12 due to massive increase in employees&#039; cost coupled with hike in expenses incurred for electricity and diesel.&amp;nbsp;
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Sources said the burden of the sixth Pay Commission is around Rs 73,000 crore, pointing out that the pension bill has increased from Rs 7,953 crore in 2007-08 to Rs 16,000 crore in 2011-12.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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&lt;div style=&quot;text-align: justify&quot;&gt;
Despite fiscal constraints, it was argued that railways has been paying its dividend to the government on time and spending around Rs 23,000 crore every year in meeting government&#039;s social responsibilities like subsidizing passenger fare and local travel and giving fare concessions to targeted groups like students, senior citizens and patients.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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&lt;div style=&quot;text-align: justify&quot;&gt;
Experts argued that the government must intervene to save railways by increasing gross budgetary support and funding socially desirable projects if it wants the state-run transporter to perform its social duties.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;If government is bailing out Air India which is not meeting any social obligations, then why this neglect for railways?&amp;quot; an expert asked.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Times of India, 1 December, 2011, http://timesofindia.indiatimes.com/india/Govt-rejects-railways-Rs-2101cr-loan-plea/articleshow/10937722.cms&#039;,
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At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways&#039; plea for a temporary loan of Rs 2,101 crore to fund its development...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways&#039; plea for a temporary loan of Rs 2,101 crore to fund its development works.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Turning down the loan request, the ministry has the asked state-run transporter, which is under acute financial stress, to meet its liabilities by raising resources.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Railways made the demand considering negative balances in its Capital Fund and the Development Fund used for maintaining ageing assets and creation of new ones.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;The finance ministry has not agreed to extend the loan and has advised the railways to meet this liability by raising resources suitably in the current year 2011-12,&amp;quot; railways minister Dinesh Trivedi told Rajya Sabha in a written reply.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;This rebuff coincides with railways&#039; resistance to hike passenger fare, including a nudge from the finance ministry that has asked for an upward revision in second class and sleeper tariffs.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The transporter managed an &amp;quot;excess&amp;quot; of Rs 1,405 crore after meeting its revenue sending-working expense, dividend and miscellaneous expenditure, but this was not enough to meet planned expenditure from Capital Fund and Development Fund.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The shortfall in transporter&#039;s internal finances was attributed to steep increase in employees&#039; expenses and pension due to implementation of the sixth Pay Commission.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Arguing for government&#039;s fiscal intervention from general revenue, an official said the ordinary working expense of transporter has increase tremendously from Rs 41,033 crore in 2007-08 to Rs 73,650 crore in 2011-12 due to massive increase in employees&#039; cost coupled with hike in expenses incurred for electricity and diesel.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Sources said the burden of the sixth Pay Commission is around Rs 73,000 crore, pointing out that the pension bill has increased from Rs 7,953 crore in 2007-08 to Rs 16,000 crore in 2011-12.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Despite fiscal constraints, it was argued that railways has been paying its dividend to the government on time and spending around Rs 23,000 crore every year in meeting government&#039;s social responsibilities like subsidizing passenger fare and local travel and giving fare concessions to targeted groups like students, senior citizens and patients.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Experts argued that the government must intervene to save railways by increasing gross budgetary support and funding socially desirable projects if it wants the state-run transporter to perform its social duties.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;If government is bailing out Air India which is not meeting any social obligations, then why this neglect for railways?&amp;quot; an expert asked.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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&lt;div style=&quot;text-align: justify&quot;&gt;
At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways&#039; plea for a temporary loan of Rs 2,101 crore to fund its development works.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Turning down the loan request, the ministry has the asked state-run transporter, which is under acute financial stress, to meet its liabilities by raising resources.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Railways made the demand considering negative balances in its Capital Fund and the Development Fund used for maintaining ageing assets and creation of new ones.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;The finance ministry has not agreed to extend the loan and has advised the railways to meet this liability by raising resources suitably in the current year 2011-12,&amp;quot; railways minister Dinesh Trivedi told Rajya Sabha in a written reply.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
This rebuff coincides with railways&#039; resistance to hike passenger fare, including a nudge from the finance ministry that has asked for an upward revision in second class and sleeper tariffs.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The transporter managed an &amp;quot;excess&amp;quot; of Rs 1,405 crore after meeting its revenue sending-working expense, dividend and miscellaneous expenditure, but this was not enough to meet planned expenditure from Capital Fund and Development Fund.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The shortfall in transporter&#039;s internal finances was attributed to steep increase in employees&#039; expenses and pension due to implementation of the sixth Pay Commission.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Arguing for government&#039;s fiscal intervention from general revenue, an official said the ordinary working expense of transporter has increase tremendously from Rs 41,033 crore in 2007-08 to Rs 73,650 crore in 2011-12 due to massive increase in employees&#039; cost coupled with hike in expenses incurred for electricity and diesel.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Sources said the burden of the sixth Pay Commission is around Rs 73,000 crore, pointing out that the pension bill has increased from Rs 7,953 crore in 2007-08 to Rs 16,000 crore in 2011-12.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Despite fiscal constraints, it was argued that railways has been paying its dividend to the government on time and spending around Rs 23,000 crore every year in meeting government&#039;s social responsibilities like subsidizing passenger fare and local travel and giving fare concessions to targeted groups like students, senior citizens and patients.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Experts argued that the government must intervene to save railways by increasing gross budgetary support and funding socially desirable projects if it wants the state-run transporter to perform its social duties.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;If government is bailing out Air India which is not meeting any social obligations, then why this neglect for railways?&amp;quot; an expert asked.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Times of India, 1 December, 2011, http://timesofindia.indiatimes.com/india/Govt-rejects-railways-Rs-2101cr-loan-plea/articleshow/10937722.cms&#039;,
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At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways&#039; plea for a temporary loan of Rs 2,101 crore to fund its development...&#039;
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At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways' plea for a temporary loan of Rs 2,101 crore to fund its development..."/>
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                <strong>Govt rejects railways’ Rs 2,101cr loan plea by Mahendra Kumar Singh</strong></h1>
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                <div style="text-align: justify"><br /></div><div style="text-align: justify">At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways' plea for a temporary loan of Rs 2,101 crore to fund its development works.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Turning down the loan request, the ministry has the asked state-run transporter, which is under acute financial stress, to meet its liabilities by raising resources.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Railways made the demand considering negative balances in its Capital Fund and the Development Fund used for maintaining ageing assets and creation of new ones.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;The finance ministry has not agreed to extend the loan and has advised the railways to meet this liability by raising resources suitably in the current year 2011-12,&quot; railways minister Dinesh Trivedi told Rajya Sabha in a written reply.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">This rebuff coincides with railways' resistance to hike passenger fare, including a nudge from the finance ministry that has asked for an upward revision in second class and sleeper tariffs.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The transporter managed an &quot;excess&quot; of Rs 1,405 crore after meeting its revenue sending-working expense, dividend and miscellaneous expenditure, but this was not enough to meet planned expenditure from Capital Fund and Development Fund.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The shortfall in transporter's internal finances was attributed to steep increase in employees' expenses and pension due to implementation of the sixth Pay Commission.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Arguing for government's fiscal intervention from general revenue, an official said the ordinary working expense of transporter has increase tremendously from Rs 41,033 crore in 2007-08 to Rs 73,650 crore in 2011-12 due to massive increase in employees' cost coupled with hike in expenses incurred for electricity and diesel.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Sources said the burden of the sixth Pay Commission is around Rs 73,000 crore, pointing out that the pension bill has increased from Rs 7,953 crore in 2007-08 to Rs 16,000 crore in 2011-12.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Despite fiscal constraints, it was argued that railways has been paying its dividend to the government on time and spending around Rs 23,000 crore every year in meeting government's social responsibilities like subsidizing passenger fare and local travel and giving fare concessions to targeted groups like students, senior citizens and patients.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Experts argued that the government must intervene to save railways by increasing gross budgetary support and funding socially desirable projects if it wants the state-run transporter to perform its social duties.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;If government is bailing out Air India which is not meeting any social obligations, then why this neglect for railways?&quot; an expert asked.</div><div style="text-align: justify"><br /></div>               </font>
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At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways' plea for a temporary loan of Rs 2,101 crore to fund its development works.&nbsp;
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Turning down the loan request, the ministry has the asked state-run transporter, which is under acute financial stress, to meet its liabilities by raising resources.&nbsp;
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&quot;The finance ministry has not agreed to extend the loan and has advised the railways to meet this liability by raising resources suitably in the current year 2011-12,&quot; railways minister Dinesh Trivedi told Rajya Sabha in a written reply.&nbsp;
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This rebuff coincides with railways' resistance to hike passenger fare, including a nudge from the finance ministry that has asked for an upward revision in second class and sleeper tariffs.&nbsp;
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The transporter managed an &quot;excess&quot; of Rs 1,405 crore after meeting its revenue sending-working expense, dividend and miscellaneous expenditure, but this was not enough to meet planned expenditure from Capital Fund and Development Fund.&nbsp;
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The shortfall in transporter's internal finances was attributed to steep increase in employees' expenses and pension due to implementation of the sixth Pay Commission.&nbsp;
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Arguing for government's fiscal intervention from general revenue, an official said the ordinary working expense of transporter has increase tremendously from Rs 41,033 crore in 2007-08 to Rs 73,650 crore in 2011-12 due to massive increase in employees' cost coupled with hike in expenses incurred for electricity and diesel.&nbsp;
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Sources said the burden of the sixth Pay Commission is around Rs 73,000 crore, pointing out that the pension bill has increased from Rs 7,953 crore in 2007-08 to Rs 16,000 crore in 2011-12.
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Despite fiscal constraints, it was argued that railways has been paying its dividend to the government on time and spending around Rs 23,000 crore every year in meeting government's social responsibilities like subsidizing passenger fare and local travel and giving fare concessions to targeted groups like students, senior citizens and patients.&nbsp;
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Experts argued that the government must intervene to save railways by increasing gross budgetary support and funding socially desirable projects if it wants the state-run transporter to perform its social duties.&nbsp;
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At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways' plea for a temporary loan of Rs 2,101 crore to fund its development...',
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At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways' plea for a temporary loan of Rs 2,101 crore to fund its development works.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Turning down the loan request, the ministry has the asked state-run transporter, which is under acute financial stress, to meet its liabilities by raising resources.&nbsp;
</div>
<div style="text-align: justify">
<br />
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<div style="text-align: justify">
Railways made the demand considering negative balances in its Capital Fund and the Development Fund used for maintaining ageing assets and creation of new ones.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;The finance ministry has not agreed to extend the loan and has advised the railways to meet this liability by raising resources suitably in the current year 2011-12,&quot; railways minister Dinesh Trivedi told Rajya Sabha in a written reply.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
This rebuff coincides with railways' resistance to hike passenger fare, including a nudge from the finance ministry that has asked for an upward revision in second class and sleeper tariffs.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The transporter managed an &quot;excess&quot; of Rs 1,405 crore after meeting its revenue sending-working expense, dividend and miscellaneous expenditure, but this was not enough to meet planned expenditure from Capital Fund and Development Fund.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The shortfall in transporter's internal finances was attributed to steep increase in employees' expenses and pension due to implementation of the sixth Pay Commission.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Arguing for government's fiscal intervention from general revenue, an official said the ordinary working expense of transporter has increase tremendously from Rs 41,033 crore in 2007-08 to Rs 73,650 crore in 2011-12 due to massive increase in employees' cost coupled with hike in expenses incurred for electricity and diesel.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
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Sources said the burden of the sixth Pay Commission is around Rs 73,000 crore, pointing out that the pension bill has increased from Rs 7,953 crore in 2007-08 to Rs 16,000 crore in 2011-12.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Despite fiscal constraints, it was argued that railways has been paying its dividend to the government on time and spending around Rs 23,000 crore every year in meeting government's social responsibilities like subsidizing passenger fare and local travel and giving fare concessions to targeted groups like students, senior citizens and patients.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Experts argued that the government must intervene to save railways by increasing gross budgetary support and funding socially desirable projects if it wants the state-run transporter to perform its social duties.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;If government is bailing out Air India which is not meeting any social obligations, then why this neglect for railways?&quot; an expert asked.
</div>
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<br />
</div>',
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$metaTitle = 'LATEST NEWS UPDATES | Govt rejects railways’ Rs 2,101cr loan plea by Mahendra Kumar Singh'
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At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways' plea for a temporary loan of Rs 2,101 crore to fund its development...'
$disp = '<div style="text-align: justify"><br /></div><div style="text-align: justify">At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways' plea for a temporary loan of Rs 2,101 crore to fund its development works.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Turning down the loan request, the ministry has the asked state-run transporter, which is under acute financial stress, to meet its liabilities by raising resources.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Railways made the demand considering negative balances in its Capital Fund and the Development Fund used for maintaining ageing assets and creation of new ones.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;The finance ministry has not agreed to extend the loan and has advised the railways to meet this liability by raising resources suitably in the current year 2011-12,&quot; railways minister Dinesh Trivedi told Rajya Sabha in a written reply.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">This rebuff coincides with railways' resistance to hike passenger fare, including a nudge from the finance ministry that has asked for an upward revision in second class and sleeper tariffs.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The transporter managed an &quot;excess&quot; of Rs 1,405 crore after meeting its revenue sending-working expense, dividend and miscellaneous expenditure, but this was not enough to meet planned expenditure from Capital Fund and Development Fund.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The shortfall in transporter's internal finances was attributed to steep increase in employees' expenses and pension due to implementation of the sixth Pay Commission.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Arguing for government's fiscal intervention from general revenue, an official said the ordinary working expense of transporter has increase tremendously from Rs 41,033 crore in 2007-08 to Rs 73,650 crore in 2011-12 due to massive increase in employees' cost coupled with hike in expenses incurred for electricity and diesel.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Sources said the burden of the sixth Pay Commission is around Rs 73,000 crore, pointing out that the pension bill has increased from Rs 7,953 crore in 2007-08 to Rs 16,000 crore in 2011-12.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Despite fiscal constraints, it was argued that railways has been paying its dividend to the government on time and spending around Rs 23,000 crore every year in meeting government's social responsibilities like subsidizing passenger fare and local travel and giving fare concessions to targeted groups like students, senior citizens and patients.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Experts argued that the government must intervene to save railways by increasing gross budgetary support and funding socially desirable projects if it wants the state-run transporter to perform its social duties.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;If government is bailing out Air India which is not meeting any social obligations, then why this neglect for railways?&quot; an expert asked.</div><div style="text-align: justify"><br /></div>'
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Govt rejects railways’ Rs 2,101cr loan plea by Mahendra Kumar Singh

At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways' plea for a temporary loan of Rs 2,101 crore to fund its development works.  Turning down the loan request, the ministry has the asked state-run transporter, which is under acute financial stress, to meet its liabilities by raising resources.  Railways made the demand considering negative balances in its Capital Fund and the Development Fund used for maintaining ageing assets and creation of new ones.  "The finance ministry has not agreed to extend the loan and has advised the railways to meet this liability by raising resources suitably in the current year 2011-12," railways minister Dinesh Trivedi told Rajya Sabha in a written reply.  This rebuff coincides with railways' resistance to hike passenger fare, including a nudge from the finance ministry that has asked for an upward revision in second class and sleeper tariffs.  The transporter managed an "excess" of Rs 1,405 crore after meeting its revenue sending-working expense, dividend and miscellaneous expenditure, but this was not enough to meet planned expenditure from Capital Fund and Development Fund.  The shortfall in transporter's internal finances was attributed to steep increase in employees' expenses and pension due to implementation of the sixth Pay Commission.  Arguing for government's fiscal intervention from general revenue, an official said the ordinary working expense of transporter has increase tremendously from Rs 41,033 crore in 2007-08 to Rs 73,650 crore in 2011-12 due to massive increase in employees' cost coupled with hike in expenses incurred for electricity and diesel.  Sources said the burden of the sixth Pay Commission is around Rs 73,000 crore, pointing out that the pension bill has increased from Rs 7,953 crore in 2007-08 to Rs 16,000 crore in 2011-12. Despite fiscal constraints, it was argued that railways has been paying its dividend to the government on time and spending around Rs 23,000 crore every year in meeting government's social responsibilities like subsidizing passenger fare and local travel and giving fare concessions to targeted groups like students, senior citizens and patients.  Experts argued that the government must intervene to save railways by increasing gross budgetary support and funding socially desirable projects if it wants the state-run transporter to perform its social duties.  "If government is bailing out Air India which is not meeting any social obligations, then why this neglect for railways?" an expert asked.