Dynamite News Cabinet Announces Bonus For Railway Employees
The Cabinet meeting on Wednesday informed that the Productivity-Linked Bonus (PLB) equivalent to 78 days of wages will be paid to non-gazetted railway employees, excluding RPF/RPSF personnel, for the financial year 2021-22. Read further on Dynamite News:
New Delhi: The government on Wednesday approved the payment of Productivity-Linked Bonus, which is equivalent to 78 days of wages, to railway employees for the financial year 2021-2022.
The Cabinet meeting on Wednesday informed that the Productivity-Linked Bonus (PLB) equivalent to 78 days of wages will be paid to non-gazetted railway employees, excluding RPF/RPSF personnel, for the financial year 2021-22.
Productivity linked bonus of Rs 1,832 crores will be given to 11.27 lakh employees of railways. It will be a bonus of 78 days and Rs 17,951 will be its maximum limit: Union Minister Anurag Thakur@ianuragthakur
Also Read | Cabinet approves bonus for railway employees
— Dynamite News (@DynamiteNews_) October 12, 2022
According to available data, about 11.27 lakh non-gazetted railway employees are likely to benefit from the decision.
The financial implication of payment of 78 days' PLB to railway employees has been estimated to be Rs 1,832.09 crore. The wage calculation ceiling prescribed for payment of PLB is Rs 7,000 per month. The maximum amount payable per eligible railway employee is Rs 17,951 for 78 days.
Also Read |
Top 10 Latest news of the day: National, Politics and Sports
The Railway Ministry had earlier said railway employees played an important role in the performance of Passenger and Goods services which also acted as catalysts for the economy.
In fact, Railway employees ensured uninterrupted movement of essential commodities like food, fertilizer, coal and other items even during the lockdown period. The Railways has ensured there is no shortage of such commodities in the area of operations. (ANI)