Image Source : PTI/FILE Lakhs of Indian Railways employees will be benefitted by the bonus scheme.
Railway bonus: Diwali has come early for lakhs of Indian Railways employees as the Centre on Wednesday announced 78-day bonus for them. The Modi Cabinet approved payment of Productivity Linked Bonus equivalent to 78 days to railway employees for the financial year 2021-22. The maximum amount payable per eligible railway employee is Rs 17,951 for 78 days.
ALSO READ: Centre approves Rs 22,000 cr one-time grant for oil companies to cover losses
The PLB amount has been paid to about 11.27 lakh non-gazetted Railway employees.
“The payment of PLB would serve as an incentive and result in motivating a large number of Railway employees, particularly those involved in execution and operations of railways, to improve their productivity and ensure safety, speed and service for Railway customers. The payment of PLB will also boost the demand ineconomy in upcoming festival season,” a government statement said.
The above amount has been paid to various categories, including track maintainers, drivers and guards, station masters, supervisors, technicians, technician helpers, controllers, pointsmen, ministerial staff and other group ‘C’ staff.
The financial implication has been estimated to be Rs 1,832.09 crore. The above decision for payment of PLB has been taken despite adverse financial situation caused by post-Covid challenges, a statement from the government said.
The actual number of PLB days paid is more than the days worked out on the basis of defined formulae, it said.
The payment of PLB acts as an incentive to motivate the railway employees for working towards improvement in the performance of the Railways, it added.
ALSO READ: Aadhaar card update: UIDAI urges document updation for numbers issued over 10 years back
ALSO READ: Adani Data Networks gets licence for full fledge telecom services
Latest Business News
Source link
