* Report says that 65% of total revenue of IR goes into staff and pension costs which is too high and untenable.
* IR has implemented 7th pay commission recommendations overlooking its financial condition. Still, sections of employees are dissatisfied and are fasting & agitating demanding still higher wages. On the other hand, employees are complaining of excessive workload & their union leaders, says lacs of vacant posts in IR must be filled.
* If the above demands are fulfilled, the staff+pension cost may go above 80% of total revenue!!
*...
more... 2 decades ago Indian ports were in same position, but they have brought it down to a much better figure of 45% by adopting PPP 7 outsourcing routes.
Shall IR be able to do so??
* In the current situation it is very difficult, only a competition with private rail operators can force it to improve its efficiency & work practices.