Delhi Metro cuts employees allowances by 50%

DMRC has suffered 1300 crore loss since March 22 due to pandemic lockdown. It houses 14500 employees. The pandemic situation has led to non-operation of Metro services causing no profits, so authority decided to cut the allowance and perks by 50%. The perks and allowances shall now be payable at 15.75 per cent of the basic pay.

The sanctions of  advances such as house building advance, multipurpose advance, and others will be kept on hold. Essential allowances such as medical treatment, TA (travel allowance) and Composite Transfer Grant (CTG) will be continued. The order had been issued with the approval of competent authority, it added.

The DMRC had received a soft loan of Rs 35,198 crore from the Japan International Cooperation Agency(JICA). So far,  DMRC has repaid Rs 3,337 crore to JICA and the balance liability was of Rs 31,861 crore.