Home Latest Centre clears Diwali bonus equal to 78 days’ wages for railway employees

Centre clears Diwali bonus equal to 78 days’ wages for railway employees

0
Centre clears Diwali bonus equal to 78 days’ wages for railway employees

[ad_1]

The Union Cabinet on Wednesday approved productivity-linked bonus (PLB) equivalent to 78 days’ wage to eligible non-gazetted employees of the Indian Railways, excluding RPF/RPSF personnel, for fiscal year 2020-21.

Briefing the media on the key decisions taken by the Cabinet, Union Minister Anurag Thakur said as many as 11.56 lakh non-gazetted Railways staff are expected to benefit from the move.

The financial outgo this year is going to be 1,985 crore. In 2020, the financial outgo was pegged at 2,081.68 crore.

According to reports, the Railways Ministry has presented a proposal in front of the Union Cabinet for payment of PLB equivalent to 78 days’ wages for the FY 2020-21 for all eligible non-gazetted railway employees, which was approved by the Cabinet today.

The PLB on the railways covers all non-gazetted railway employees (excluding RPF/RPSF personnel) who are spread over the entire country. Payment of the bonus to eligible railway employees is made each year before the Dusshera/Puja holidays.

Last year, the Indian Railways had disbursed a bonus worth 78 days’ wages to its 11.58 lakh non-gazetted employees after Prime Minister Narendra Modi-led Union Cabinet had approved disbursal of productivity and non-productivity-linked bonus for 2019-2020 to more than 30 lakh central government employees.

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint.
Download
our App Now!!

[ad_2]

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here