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Cabinet Approves Bonus Equal to 78 days’ Salary For More than 11 Lakh Railway Employees

by Economy India
October 7, 2021
Reading Time: 2 mins read
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The Union Cabinet on Wednesday approved a productivity-linked bonus equivalent to 78 days’ wage to eligible non-gazetted Railway employees, Union Minister Anurag Thakur said.

The bonus for the financial year 2020-21 will benefit about 11.56 lakh non-gazetted Railway employees, he said.

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An expenditure of nearly, 1,985 crores will be incurred on this. The bonus is usually announced ahead of Dussehra and Puja festivities.

The wage calculation ceiling prescribed for payment of PLB to the eligible non-gazetted railway employees is 7000/- p.M.

The maximum amount payable per eligible railway employee is 17,951 for 78 days. About 11.56 lakh non-gazetted Railway employees are likely to benefit from the decision. Railway Board Chairman and COO Suneet Sharma, later at a press conference, said that the bonus will be disbursed as usual before Dussehra.

He said that the payment of these bonuses, specially after a tough year that saw railwaymen battling against coronavirus and still reporting for duty, would encourage them to work harder.

“Many rail employees reported to work despite the fear for their personal welfare. They were frontline workers. This payment of bonus will encourage them to work harder,” said Sharma.

The Productivity Linked Bonus on Railway covers all non-gazetted railway employees (excluding RPF/RPSF personnel) who are spread over the entire country.

(Economy India)

Tags: Business Updates on Indian EconomyCurrent Updates of Indian EconomyDussehra and PujaEconomic Development of IndiaEconomy IndiaEconomy India UpdatesEconomy NewsEconomy News of IndiaEconomy News Portal of IndiaEconomy News UpdatesEconomy of IndiaEconomy Updates from IndiaIndia EconomicIndian EconomyIndian Economy OutlookIndian Economy UpdatesLatest Development on Indian EconomyLatest Updates on Indian EconomyNews Around Economy of IndiaNews on Indian EconomyNews on World of Indian EconomyOverview of Indian EconomyRailway Board Chairman and COO Suneet SharmaRailway EmployeesRecent Development in Indian EconomyUnion CabinetUnion Minister Anurag Thakur
Economy India

Economy India

Economy India is one of the largest media on the Indian economy. It provides updates on economy, business and corporates and allied affairs of the Indian economy. It features news, views, interviews, articles on various subject matters related to the economy and business world.

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