Cabinet approves Productivity Linked Bonus for Railway
Employees Payment before Dussehra/Puja Festival season Incentive to
Improve Productivity and Efficiency of Railways
The Union
Cabinet chaired by the Prime Minister Shri Narendra Modi has given its
approval to pay Productivity Linked Bonus (PLB) equivalent to 78 days
wages to eligible non-gazetted railway employees (excluding RPF/RPSF
personnel) for the financial year 2016-17. About 12.30 lakh non-gazetted
Railway employees are likely to benefit from the decision. This payment
will be made before Dussehra/Puja holidays, bringing a smile to lakhs
of families ahead of the festive season.
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. Indian Railways operates on the principle of maximum public welfare, and in this context, this bonus payment will help in improving accountability and efficiency in railways operations.
The financial implication of payment of 78 days' PLB to railway employees has been estimated to be Rs. 2,245.45 crores. The wage calculation ceiling prescribed for payment of PLB is Rs. 7,000/- p.m. The maximum amount payable per eligible railway employee is Rs. 17,951 for 78 days.
PIB
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. Indian Railways operates on the principle of maximum public welfare, and in this context, this bonus payment will help in improving accountability and efficiency in railways operations.
The financial implication of payment of 78 days' PLB to railway employees has been estimated to be Rs. 2,245.45 crores. The wage calculation ceiling prescribed for payment of PLB is Rs. 7,000/- p.m. The maximum amount payable per eligible railway employee is Rs. 17,951 for 78 days.
PIB
0 comments:
Post a Comment