The Cabinet on Wednesday approved payment of productivity-linked bonus (PLB) equivalent to 78 days' wages to all eligible non-gazetted Railway employees, excluding RPF and RPSF personnel, for the 2017-18 financial year.
Around 11.91 lakh non-gazetted Railway employees are likely to benefit from this decision.
The financial implication of payment of 78 days' productivity-linked bonus to railway employees has been estimated at Rs 2,044.31 crore, a statement said.
The wage calculation ceiling prescribed for payment of PLB to eligible non-gazetted railway staff is Rs 7,000 per month and the maximum amount payable per eligible railway employee for 78 days is Rs 17,951, it said.
Productivity-linked bonus is paid each year before the Dusshera and Puja holidays.
For the year 2017-18 PLB equivalent to 78 days' wages will be paid, which is expected to motivate the employees for working towards improving the performance of the Railways, the statement said.
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