trendingNowenglish2521046https://zeenews.india.com/personal-finance/diwali-gift-central-govt-approves-bonus-for-non-gazetted-railway-employees-2521046.html
News> Personal Finance
Advertisement

Diwali Gift! Central govt approves BONUS for non-gazetted railway employees

Payment of PLB to eligible railway employees is made each year before Dusshera/Puja Holidays. This year also, PLB amount equivalent to 78 days wages has been paid to about 11.27 lakh non-gazetted Railway employees.

Diwali Gift! Central govt approves BONUS for non-gazetted railway employees File Photo

New Delhi: The Union Cabinet has approved the grant of Non-Productivity Linked Bonus (ad-hoc bonus) to non-gazetted railway employees for the financial year 2021-22. The meeting chaired by PM Modi was held today on October 12.

ALSO READ | From beautiful display to tracking health data - Check all features and benefits in newly launched Nord Watch, in PICS

Payment of PLB to eligible railway employees is made each year before the Dusshera/Puja holidays.  This year also, PLB amount equivalent to 78 days wages has been paid to about 11.27 lakh non-gazetted Railway employees. The maximum amount payable per eligible railway employee is Rs. 17,951/- for 78 days.  The above amount has been paid to various categories viz.  Track maintainers, Drivers & Guards, Station masters, Supervisors, Technician, Technician Helper, controller, Pointsmen, Ministerial staff & other Group ‘C’ staff.

ALSO READ | Wipro Q2 Result: Company reports 9% drop in PROFIT by September end

The financial implication of payment of 78 days PLB to railway employees has been estimated to be Rs. 1832.09 crore.  The above decision for payment of PLB has been taken despite adverse financial situation caused by post Covid-19 challenges. 

The actual number of PLB days paid is more than the days worked out on the basis of defined formulae.  The payment of PLB acts as an incentive to motivate the railway employees for working towards improvement in the performance of the Railways.

Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.

Read More
NEWS ON ONE CLICK