Fee and emoluments to retired Railway Officer(s) Working as Arbitrator
Government Of India
Ministry Of Railways
New Delhi, dated 16.05.2018
As per list attached.
Sub: Fee and Emoluments to Retired Railway Officer(s) Working as Arbitrator(s)-reg.
Ref: Railway Board’s letter No.2009/CE-I/CT/14/Main dated 17.01.2018
The issue of minimum fee of Retired Railway Officers working as Arbitrators has been considered in Board’s office. Board (ME & FC) have approved to modify Para 1(i) of Railway Board’s letter under reference. The modified para 1(i) should be read as under :
“Retired Railway officer while working as an Arbitrator will be entitled for a fee not exceeding 1% of the total claims, including the counter claims subject to minimum of Rs. 40,000/- per case per arbitrator and maximum of Rs. 1,50,000/- per case per Arbitrator. In cases, when award is made within six months from the date the arbitration tribunal enters into reference, Arbitrator will be entitled for a fee equal to 1.5% of the total claims, including the counter claims subject to minimum of Rs. 40,000/- per case per Arbitrator and maximum of Rs. 2,25,000/- per case per Arbitrator.
The payment towards arbitration fee shall not be paid in advance. However, Railway shall ensure payment of arbitration fee to arbitrators within 30 days of the arbitration award.”
2. This shall be applicable prospectively for future cases of appointment of arbitrators.
3. This issues with the concurrence of Finance Directorate of the Ministry of Railways.
4. Please acknowledge receipt.
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