Cabinet approves Productivity Linked Bonus (PLB) for railway employees

According to an official statement, the payment of PLB will act as an incentive to motivate the Railway employees to work towards further improvement in performance
Cabinet approves Productivity Linked Bonus (PLB) for railway employees
Cabinet approves Productivity Linked Bonus (PLB) for railway employees
Published on

New Delhi: There is a good news for the employees of the Indian Railways as the Govt has approved the Productivity Linked Bonus (PLB) for them, ahead of the frestive session.

According to an official statement, Union Cabinet has approved a Productivity Linked Bonus (PLB) equivalent to 78 days’ wages for the financial year 2022-23 to all eligible non-gazetted Railway employees. The employees includes; Track maintainer, Loco Pilots, Train Managers (Guards), Station Masters, Supervisors, Technicians, Technician Helpers, Pointsman, Ministerial Staff and other Group ‘C’ staff (excluding RPF/RPSF personnel).

"In recognition of this excellent performance by the Railway staff, Union Government has approved payment of PLB of Rs 1968.87 crore to 11,07,346 railway employees. The performance of Railways in the year 2022-2023 was very good. Railways loaded a record cargo of 1509 million tonnes and carried nearly 6.5 billion passengers," it said.

Many factors contributed to this record performance. These include improvement in infrastructure due to infusion of record Capex by the Government in Railways, efficiency in operations and better technology etc.

Payment of PLB will act as an incentive to motivate the Railway employees for working towards further improvement in performance.

(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.)

logo
PSU Watch
psuwatch.com