Railway Productivity Linked Bonus – Gets Cabinet Approval
Railway Productivity Linked Bonus – Gets Cabinet Approval – The approval entails a financial implication of approximately Rs.2090.96 crore.
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi, has given its approval to pay Productivity Linked Bonus (PLB) equivalent to 78 days wages to eligible non-gazetted railway employees (excluding RPF/RPSF personnel) for the financial year 2015-16.
The approval entails a financial implication of approximately Rs.2090.96 crore.
Payment of PLB would result in motivating a large number of railway employees to improve the performance of the Railways and enhance the productivity levels further besides maintaining industrial peace.
The payment of this Bonus to eligible Railway Employees will be made before Dussehra/Puja holidays.
In the financial year 2011-12, 2012-13, 2013-14 and 2014-15 too 78-day wages were given as PLB to railway employees.
“We have demanded 78-day wages as productivity-linked bonus (PLB) for railway employee this year. We are happy that government has agreed to our proposals,” National Federation of Indian Railwaymen General Secretary M Raghavaiah told PTI.
Welcoming the decision, All-India Railwaymen’s Federation General Secretary Shiv Gopal Mishra said the bonus will motivate the employees to improve the financial position of the public transporter.
Mishra said, “Since the PLB ceiling has been revised to Rs 7000 from Rs 3500, we expect each employee will get double the amount as against the last year’s bonus.”