Railway employees to get 78 days productivity-linked bonus

This does not include the Railway Protection Force and the Railway Protection Special Force personnel

Indian Railways
Start-ups and individuals have already shown interest, with divisions and zones coming up with unique ideas like using railway platforms for marriage receptions
Press Trust of India
Last Updated : Sep 21 2017 | 1:13 AM IST
The Cabinet on Wednesday approved payment of the productivity-linked bonus (PLB) equivalent to 78 days’ wages to eligible non-gazetted rail employees for FY17.This does not include the Railway Protection Force and the Railway Protection Special Force personnel. 

“According to the formula, it was calculated to be given for 72 days, but for the past six years, it has been a tradition of giving them the bonus for 78 days, so the Cabinet has approved a 78-day PLB for them,” said Finance Minister Arun Jaitley. About 1.23 million non-gazetted rail employees are likely to benefit from the decision. This payment will be made before Dussehra/Puja holidays, a statement said. 

 “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 statement said. The financial implication of payment of 78 days’ PLB to railway employees has been estimated to be Rs 2,245.45 crore. 

The wage calculation ceiling prescribed for payment of PLB is Rs 7,000 per month. The maximum amount payable per eligible railway employee is Rs 17,951 for 78 days.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story