The Union Cabinet on Wednesday approved productivity-linked bonus equivalent to 78 days wages to over 11.52 lakh railway employees.
Addressing media Union Minister Prakash Javadekar said that this is for the sixth consecutive year that productivity-linked bonus is being given to railway employees.
The bonus for financial year 2018-19 would benefit 11 lakh employees and would cost the exchequer Rs 2024.40 crore, Javadekar said.
"The Union Cabinet chaired by the Prime Minister Narendra Modi 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 crores to the exchequer," said the statement issued by Govt.
