Business Standard

Monday, December 23, 2024 | 02:01 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

DMRC slashes employees perks, allowances by 50% as Covid-19 bites

The Delhi Metro Rail Corporation (DMRC) has suffered loss of nearly Rs 1,300 crore since the closure of services on March 22 due to the Covid-19 situation, sources said

metro fare hike, delhi metro,Asian Infrastructure Investment Bank,AIIB,finance ministry,Delhi Metro Rail Corporation, DMRC,
Premium

.The DMRC has about 14,500 employees, sources said.

Press Trust of India New Delhi
Facing "adverse financial condition" due to non-operation of metro services amid the coronavirus pandemic, the Delhi Metro authorities have decided to reduce perks and allowances of its employees by 50 per cent, according to an internal order issued by it on Tuesday.
 
The Delhi Metro Rail Corporation (DMRC) has suffered loss of nearly Rs 1,300 crore since the closure of services on March 22 due to the Covid-19 situation, sources said.

According to an internal order issued to employees by the DMRC, the step has been taken "in view of the extreme adverse financial condition due to non-operation of metro

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in