12.3 lakh railway employees get festival bonus from Modi Govt: 78-day productivity linked bonus for eligible staff announcedProductivity-linked bonus of 78 days wages will be given to the eligible non-gazetted railway employees. A total of 12.3 lakh employees will get this festive bonus.
The Narendra Modi Government on Wednesday announced productivity-linked bonus for over 12 lakh Indian Railways employees, ahead of Dussehra festival season.
According to Ministry of Railways twitter handle, productivity-linked bonus of 78 days wages will be given to the eligible non-gazetted railway employees. A total of 12.3 lakh employees will get this festive bonus.
The Government has given the 78-day productivity-linked bonus to the railway employees to incentivise them to improve safety, speed and service.
"Productivity Linked Bonus to 12.3 lakh Railway Employees to bring smile to their families before Dusshera & Puja holidays #ShramevJayate", says a tweet posted by ministry of railway on Twitter.
However, the decision does not include Railway Protection Force (RPF) and Railway Protection Special Force (RPSF) 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 productivity linked bonus for them,” said Finance Minister Arun Jaitley.
About 12.30 lakh non-gazetted Railway employees are likely to benefit from the decision. This payment will be made before Dussehra/Puja holidays, a statement from the government 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. This bonus is paid to railway employees every year.
This year, the railways has been under intense scrutiny due to a slew of derailments. In the aftermath of the August 19 derailment of the Utkal Express where more than 20 people died, the services of 13 employees were terminated and even senior officials were sent on leave.