Business Economy 20 Sep 2017 Good news for railwa ...

Good news for railway staff as Cabinet okays 78 days productivity-linked bonus

PTI
Published Sep 20, 2017, 5:44 pm IST
Updated Sep 20, 2017, 5:48 pm IST
This does not include the Railway Protection Force and The Railway Protection Special Force personnel.
The Cabinet on Wednesday approved payment of productivity linked bonus (PLB) to eligible non-gazetted railway employees. Photo: PTI/Representational
 The Cabinet on Wednesday approved payment of productivity linked bonus (PLB) to eligible non-gazetted railway employees. Photo: PTI/Representational

New Delhi: The Cabinet on Wednesday approved payment of productivity linked bonus (PLB) equivalent to 78 days wages to eligible non-gazetted railway employees for the financial year 2016-17.

This does not include the Railway Protection Force (RPF) and The Railway Protection Special Force (RPSF) personnel.

 

"According to the formula, it was calculated to be given for 72 days but for the past six years it has been a tradition of giving them the bonus for 78 days, so the Cabinet has approved a 78 day productivity linked bonus for them," said Finance Minister Arun Jaitley.

About 12.30 lakh non-gazetted Railway employees are likely to benefit from the decision. This payment will be made before Dussehra/Puja holidays, a statement from the government said.

"The payment of PLB would serve as an incentive, and result in motivating a large number of Railway employees, particularly those involved in execution and operations of railways, to improve their productivity and ensure safety, speed and service for Railway customers," the statement said.

The financial implication of payment of 78 days' PLB to railway employees has been estimated to be Rs 2,245.45 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.

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