New Delhi: In a Diwali bonanza for nearly 13
lakh railway employees, government on Tuesday decided to give 77
days wage as productivity linked bonus to all non-gazetted
staff of the largest PSU.
The union cabinet approved the proposal of the Railway
Ministry for payment of bonus equivalent to 77 days wages for
the fiscal 2009-10 for all non-gazetted railway employees.
The decision would benefit about 12.92 lakh non-gazetted
railway employees and this will be the highest
productivity-linked bonus payment made by railways.
The financial implication of payment of 77 days` bonus
to railway employees has been estimated at Rs 1065.42 crore.
The wage calculation ceiling prescribed for payment of
productivity-linked bonus to eligible employees is Rs 3,500