HomeBusinessCentre Approves Productivity Linked Bonus For Railway Employees Ahead Of Diwali

Centre Approves Productivity Linked Bonus For Railway Employees Ahead Of Diwali

Centre Approves Productivity Linked Bonus For Railway Employees Ahead Of Diwali

Financial implication of PLB fee has been estimated at Rs 1,984 crore, the Ministry of Railways mentioned.

New Delhi: The authorities on Wednesday permitted the Productivity Linked Bonus (PLB) — 78 days’ wages — to eligible non-gazetted railway staff for the monetary 12 months 2020-21 (FY21). The choice does not embody Railway Protection Force (RPF) or Railway Protection Special Force (RPSF) personnel. The bonuses are often introduced forward of Diwali pageant.

The Ministry of Railways, in a notification mentioned, “About 11.56 lakh non-gazetted employees are likely to benefit from the decision.” It added that the fee of the bonus is made every year earlier than the Dusshera/Puja holidays.”

The Ministry also stated that the financial implication of bonus payment has been estimated to be Rs 1,984.73 crore.

The wage calculation ceiling prescribed for payment of PLB is Rs 7,000 per month with the maximum amount payable to a worker is Rs 17,951 for 78 days,” it additionally talked about.

“The PLB amount of 78 days’ wages were paid for the financial years from 2010-11 to 2019-20. For the year 2020-21 also PLB amount wages will be paid which is expected to motivate the employees for working towards improving the performance of the Railways,” the ministry’s notification additional learn.

The PLB Scheme for the Railways got here into power from the 12 months 1979-80 and was developed in session with the 2 acknowledged Federations particularly, All India Railwaymen’s Federation and National Federation of Indian Railwaymen and with the Union Cabinet’s approval.

The scheme envisages a evaluation each three years.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments