RBE No. 143/2018: House Retention – On appointment as MD and CMD of railway PSU in project mode

No.E(G)2018 RN2-6, dated 19.09.2018

Sub: Entitlement for house retention by Railway Officers appointed as MD and CMD of railway PSU in project mode.

1. The issue of entitlement for house retention by Railway Officers appointed as MDs/ CMDs of Railway PSUs in project mode has been considered by Railway Board.
2. In exercise of powers vested with full Board to make reasonable relaxation in public interest for a class/ group of employees in all or any of the provisions regarding house allotment/ retention, Board has decided to make provisions in the Master Circular 49 as under:-

(i) Railway Officers appointed as CMDs/ MDs of Railway PSUs, which are in project mode, will be allowed to retain Railway accommodation allotted to them while in Railway service for their tenure as CMD/ MD at Market Rent applicable to the type of accommodation under their occupation while proceeding on absorption basis to the PSUs. This dispensation will be available to them for a period of 05 (five) years from the date of issue of the order. No fresh allotment or change of house would be permitted to such personnel. These provisions are not applicable to the CMDs/ MDs who had joined the PSUs earlier on absorption basis in any capacity.
(ii) DFCCIL and NHSRCL have been considered by the Board to be eligible for the above dispensation of PSUs in project mode that exclusively undertake Railway projects, as of now in case of deputation/ absorption of Railway Officers.

3. This issues with the concurrence of the Finance Directorate of the Ministry of Railways.

Download Railway Board Circular RBE No. 143/2018

Forward reference⇒RBE No.