Indian Railways: Union Cabinet Approves Productivity-Linked Bonus Equal To 78 Days' Wages - Viral Bake

Indian Railways: Union Cabinet Approves Productivity-Linked Bonus Equal To 78 Days’ Wages

Good news comes for Indian Railways employees just before the festive season as Union Cabinet has approved the Diwali bonus for non-gazetted staff. On Wednesday, Union Cabinet has cleared a proposal for payment of productivity-linked bonus (PLB) equivalent to 78 days’ wages for all eligible non-gazetted railway employees.

Source: India TV News

Cabinet said in a statement, “The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved the Productivity-Linked Bonus (PLB) equivalent to 78 days’ wages for the financial year 2020-21 for all eligible non-gazetted Railway employees (excluding RPF/RPSF personnel).”

While announcing the decision, Union Minister Anurag Thakur said that more than 11 lakh non-gazetted Indian Railway employees are likely to be benefitted from this decision. The total cost of the bonus is nearly Rs 1984.73 crore.

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The cabinet said that the ministry of railways previously submitted a proposal to the Union Cabinet to clear the productivity-linked bonus for non-gazetted railway employees. In the 2019-20 financial year the Indian Railways had offered a bonus to nearly 11.58 lakh non-gazetted employees. The total estimated cost of the PLB bonus was estimated at Rs 2,081.68 crore.

 “The cabinet has paid the PLB bonus based on the formula approved by the Cabinet in its meeting held on 23.9.2000 for the year 1998-99 to 2013-14 (except 2002-03 to 2004-05 due to changes made concerning Staff Strength and Capital Weightage). This formula was “Input: output based where output was reckoned in terms of equated net tonne-kilometres and input was reckoned as the non-gazetted staff strength (excluding RPF/RPSF personnel) modified by Capital Weightage.”

Singh Vivek

With over 5 years of writing obituaries for a different organisation, I have a uniquely wry voice that shines through in my newest collection of articles.

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