31 C
Sunday, October 17, 2021

11 Lakh Staff to Get Bonus Equal to 78 Days’ Wages, Says Cupboard

Must read

Excellent news for Indian Railways staff forward of the festive season as Union Cupboard has authorised Diwali bonus for non-gazetted employees. Union Cupboard on Wednesday cleared a proposal for fee of productivity-linked bonus (PLB) equal to 78 days’ wages for the monetary 12 months 2020-21 for all eligible non-gazetted railway staff. “The Union Cupboard, chaired by the Prime Minister Shri Narendra Modi, as we speak authorised the Productiveness-Linked Bonus (PLB) equal to 78 days’ wages for the monetary 12 months 2020-21 for all eligible non-gazetted Railway staff (excluding RPF/RPSF personnel),” Cupboard mentioned in a press release.
Over 11 lakh non-gazetted Indian Railway staff of Indian Railways prone to get benefitted from this transfer, Union minister Anurag Thakur mentioned whereas saying the choice. The full value of bonus was estimated at Rs 1984.73 crore.

The ministry of railways had earlier offered a proposal in entrance of the Union Cupboard to clear the productivity-linked bonus for non-gazetted railway staff.  In 2019-20, the Indian Railways had given its practically 11.58 lakh non-gazetted staff a bonus of 78 days. The full value of the bonus was estimated at Rs 2,081.68 crore, the Cupboard mentioned.

In 2020, Indian Railways had fastened the wage calculation ceiling prescribed for fee of the bonus at Rs 7,000 monthly. The utmost quantity payable per eligible railway worker was set at ₹17,951 for 78 days.

The productivity-linked bonus on Indian Railway covers all non-gazetted railway staff (excluding RPF/RPSF personnel) who’re unfold throughout the nation. Often the Cupboard pays the bonus yearly earlier than Dusshera or Puja holidays. The choice of the Cupboard shall be carried out earlier than the vacations for this 12 months as properly. “For the 12 months 2020-21 additionally productivity-linked bonus quantity equal to 78 days’ wages will likely be paid which is anticipated to encourage the workers for working in the direction of bettering the efficiency of the Railways,” Union Cupboard mentioned.

Explaining how productivity-linked bonus is calculated, Union Cupboard mentioned,

“The PLB has been paid as per components authorised by the Cupboard in its assembly held on 23.9.2000 for the years 1998-99 to 2013-14 (besides 2002-03 to 2004-05 when slight modifications have been carried out with respect to Capital Weightage and Workers Energy). This components was enter : output primarily based the place output was reckoned when it comes to equated internet tonne kilometres and enter was reckoned because the non-gazetted employees power (excluding RPF/RPSF personnel) modified by Capital Weightage.”

Indian Railways was the primary division below the central authorities the place the idea of productivity-linked bonus was first launched in 1979-80. “The primary consideration at the moment was the necessary position of the Railways as an infrastructural assist within the efficiency of the financial system as a complete. Within the general context of Railway working, it was thought of fascinating to introduce the idea of productivity-linked bonus as in opposition to the idea of bonus on the strains of ‘The Cost of Bonus Act -1965’,” Cupboard mentioned. With the well timed suggestion of All India Railwaymen’s Federation and Nationwide Federation of Indian Railwaymen, the productivity-linked bonus was advanced over the interval. The scheme envisages a overview each three years.

Learn all of the Newest Information, Breaking Information and Coronavirus Information right here. Observe us on Fb, Twitter and Telegram.

- Advertisement -spot_img

More articles


Please enter your comment!
Please enter your name here

Latest article