Railways likely to declare 78-day bonus

   Despite financial constraint, Railways is likely to announce 78-day wages as bonus, same as last year, for its employees for 2012-13.

   "The proposal for declaring 78-day productivity-linked bonus for railway employees is being finalised with railway unions and it will go to the Cabinet for a final decision," a senior Railway Ministry official said.

   Productivity-linked bonus is paid to railway employees each year before the Dussehra festival.

   Over 12.60 lakh non-gazetted railway employees will benefit from the Cabinet decision on the bonus.

   "We have demanded more than 78-day bonus for this year as Railways had given the 78-day bonus to its employees last year also. But, Railway proposed 73 day bonus citing financial difficulty," an office-bearer of the National Federation of Indian Railwaymen told PTI.

Productivity Linked Bonus for Railway Employees.

Cabinet Decision

   The Union Cabinet today approved the proposal of the Ministry of Railways for payment of Productivity Linked Bonus (PLB) equivalent to 75 days’ wages for the financial year 2008-2009 for all eligible non-gazetted Railway employees (excluding RPF/RPSF personnel).

        The salient features of the PLB scheme evolved as a result of review of the scheme and approval of the Cabinet on 23.09.2000 and applied for making payment for the financial years 1998-99, 1999-2000, 2000-01 and 2001-02 are as under :-

a)       The output for a year is reckoned by the  equated net  tonne kilometres by adding together:-

(i)      Total goods revenue net tonne kilometres.

(ii)     Non-suburban passenger kilometres converted by a factor of 0.076.

(iii)    Suburban passenger kilometres converted by a factor of 0.053.