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Cabinet approves payment of bonus to railway employees for 2018-19

Capital Market 

Bonus entails an expenditure of Rs 2024.40 crore to exchequer

The Union Cabinet chaired by the Prime Minister Narendra Modi on 18 September 2019 has approved the payment of Productivity Linked Bonus (PLB) equivalent to 78 days wages to over 11.52 lakh eligible non-gazetted railway employees (excluding RPF/RPSF personnel) for the Financial Year (FY) 2018-19, for maintaining industrial peace and motivation of railwaymen. This entails an expenditure of Rs 2024.40 crore to the exchequer. This is the sixth consecutive year that the Government led by Narendra Modi has maintained a bonus of 78 days wages. It has never lowered it.

Payment of PLB equivalent to 78 days wages to eligible railway employees (excluding RPF/RPSF personnel) for the FY 2018-19 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.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 18 2019. 16:26 IST
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