PSU Watch logo

| Domestic air passenger traffic grew 15-16% sequentially in Nov: ICRA |   | Indian Oil Skytanking Ltd to set up fuel farm at Noida International Airport |   | Dilip Buildcon emerges as lowest bidder for ‘OB Removal Contract’ at SECL |   | Omicron update: Govt mandates 'Air Suvidha Portal' for international air travel |   | Coal production increased by 10.35% during Nov 2021 to 67.84 MT |   | DRDO successfully flight-tests short range surface to air missile |  

Cabinet approves productivity-linked bonus for railway employees for FY21

About 11.56 lakh non-gazetted Railway employees are likely to benefit from the productivity-linked bonus
Cabinet approves productivity-linked bonus for railway employees for FY21
Cabinet approves productivity-linked bonus for railway employees for FY21

New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved Productivity-Linked Bonus (PLB) equivalent to 78 days' wages for the financial year 2020-21 for all eligible non-gazetted Indian Railways employees. However, RPF and RPSF personnel are not included in this list. The financial implication of payment of 78 days' PLB to Railway employees has been estimated to be Rs 1,984.73 crore. The wage calculation ceiling prescribed for the payment of PLB to eligible non-gazetted Railways employees is Rs 7,000/- pm. The maximum amount payable per eligible railway employee is Rs 17,951 for 78 days.

About 11.56 lakh non-gazetted Railways employees are likely to benefit from the decision. The payment of PLB to eligible Railways employees is made each year before the Dusshera/ Puja holidays. The decision of the Cabinet shall be implemented before the holidays for this year as well.

ALSO READ

The PLB amount of 78 days' wages were paid for the financial years from 2010-11 to 2019-20. For the year 2020-21 as well, PLB amount equivalent to 78 days' wages will be paid which is expected to motivate employees for working towards improving the performance of the Railways.

The productivity-linked bonus on Railway covers all non-gazetted Railways employees (excluding RPF/RPSF personnel).

(PSU Watch- India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)