New Delhi: The Union Cabinet chaired by Prime Minister Narendra Modi has approved the payment of Productivity Linked Bonus (PLB) to Railway employees for FY 2018-19. The amount is equivalent to 78-day wages and will be extended to 11.52 lakh eligible non-gazetted railway employees (excluding RPF/RPSF personnel) for maintaining industrial peace and motivation of railwaymen. This entails an expenditure of Rs 2,024.40 crores to the exchequer.
This is the sixth consecutive year that the government has maintained a bonus of 78-day wages.
The PLB is equivalent to 78-day wage and is extended to eligible railway employees (excluding RPF/RPSF personnel) for FY 2018-19. It would result in motivating a large number of railway employees to improve the performance of the Railways and enhance the productivity levels further, besides maintaining industrial peace, the Ministry of Railways said in an official statement.
"PLB to all non-gazetted railway employees is an acknowledgement of their contribution to the efficient running of the Railways. There being large number of railwaymen and their families, this acknowledgement will enhance the sense of inclusiveness and equity among them," it said.