NEW DELHI: Ahead of the festive season, railway employees are likely to get 78-day wages as bonus this year, the same as in the last six years. This was proposed by the Railway Board as productivity-linked bonus (PLB) for its employees for the year 2017-18 after detailed discussions with railway unions.
National Federation of Indian Railwaymen General Secretary M. Raghavaiah said: “Since the Railways has earned Rs 16,000 crore more than the last year’s earnings and transported a record 1,161 million tonnes of freight this time, we had demanded an 80-day bonus. But finally, we agreed on 78 days.
The financial implication of 78-day bonus to eligible non-gazetted railway employees for 2017-18 is estimated at over Rs. 2,000 crore. The wage calculation ceiling prescribed for payment of bonus is Rs. 7,000 per month. Thus, the maximum amount payable per eligible railway employee is Rs. 17,951 for 78 days.
The proposal, which was awaiting Cabinet nod, today got the approval from the Modi government.
This article was first published on http://www.wakeuppost.com.