11.5 Lakh Railways Employees Will Get 78-Days Salary As Diwali Bonus (Who Are Eligible?)
For the financial year 2020-21, the Union Cabinet approved a Productivity Linked Bonus (PLB) equivalent to 78 days’ wage for qualifying non-gazetted Railways personnel (excluding Railway Protection Force and Railway Protection Special Force).
Bonus For Railway Employees
Every year, the decision is announced before the festive season and this year too, there has been no exception, the minister said.
“Every year, the govt gives out this bonus to non-gazetted employees of the railways. A committee determines the bonus based on a formula. According to the formula, the employees were supposed to get 72 days’ wage as a bonus. But PM Modi and the Cabinet decided to give 78 days’ wage as a bonus to boost the morale of the railway employees,” The bonus will cost the exchequer around ?1,985 crore.
Union minister Anurag Thakur said announcing the Cabinet decision.
Who Will Be Benifitted By This Bonus?
According to Union Minister Anurag Thakur, the approval will benefit around 11.56 lakh non-gazetted Railway staff.
Previously a proposal was presented by The Railways Ministry had to the Union Cabinet for payment of PLB equivalent to 78 days’ salaries to all qualified non-gazetted railway employees for FY21, which the Cabinet agreed today.