Center approves 78 days salary as bonus to railway employees ahead of Dussehra | So Good News

Productivity Linked Bonus (PLB) equivalent to 78 days salary will be paid to non-gazetted railway employees, excluding RPF/RPSF personnel, for the financial year 2021-22.

According to available data, about 11.27 lakh non-gazetted railway employees are likely to benefit from the decision.

“Incentives to increase productivity and efficiency of Railways! Hon’ble Prime Minister @narendramodi approves productivity linked bonus equivalent to 78 days pay for 11.27 lakh eligible non-gazetted railway employees. #ShramevJayate”, the Ministry of Railways wrote on micro-blogging website Twitter.

Railway Minister Ashwini Vaishnav said that where the salary exceeds Rs7000 for the employees, the bonus will be calculated at ₹7,000 per month. It has also been informed that the bonuses will be paid before the Dussehra holiday begins.

“The President is pleased to sanction Productivity Linked Bonus (PLB) equivalent to 78 (seventy-eight) days pay without any cap on pay for eligibility for the financial year 2021-22 to all eligible non-gazetted railway employees (excluding all RPF/RPSF) personnel). There salary exceeds 7000/- per month, the Productivity Linked Bonus will be calculated as if the ‘salary’ is 7000/- pm,” the circular said.

The circular from the Ministry of Railways paid further tribute to the railway employees. It mentioned that the employees have been instrumental in the growth of the sector, where they have ensured uninterrupted movement of essential goods such as food, fertiliser, coal and other items even during the shutdown period.

The circular said that railway employees have played an important role in the performance of passenger and freight services which also acted as catalysts for the economy. The railway has ensured that there is no shortage of such goods in the area of ​​operation, the ministry’s statement says.

Railways said over the past three years, it has taken a number of steps to regain market share in freight and increase passenger fare realization through appropriate policy initiatives. As a result, in the current year (2022-23), railways have regained momentum in receipts, earlier disrupted due to the pandemic.

In FY 2021-22, Railways achieved incremental freight load of 184 million tonnes, which is the highest ever. Payment of PLB will serve as an incentive and result in motivating a large number of railway employees, especially those involved in the construction and operation of railways, to improve productivity and ensure safety, speed and service to railway customers.

The payment of PLB will also increase demand in the economy in the coming festival season. The financial implication of payment of 78 days PLB to railway employees is estimated to be ₹NOK 1,832.09 million. The wage calculation ceiling set for payment of PLB is ₹7,000 per month. The maximum amount payable per eligible railway employee is ₹17,951 for 78 days.