The Cabinet Approved 78 days Productivity Linked Bonus for Railway Employees.

   The Union Cabinet today approved the proposal of the Ministry of Railways for payment of Productivity Linked Bonus (PLB) equivalent to 78 days wages for the financial year 2012-13 for all eligible non-gazetted railway employees.

   PLB equivalent to 78 days wages will be paid as a special case considering the good financial performances which is expected to motivate employees. The Gross Traffic Receipt (GTR) during 2012-13 is Rs. 1.24 lakh crore showing an increase of 18.85 per cent against GTR of Rs. 1.04 crore during 2011-12. This increase of GTR was 10.13 per cent during 2011-12 as against 2010-11 and 8.71 per cent during 2010-11 as against 2009-10.

   The financial implication is estimated to be Rs. 1043.43 crore. The wage calculation ceiling prescribed for payment of PLB to eligible non-gazetted railway employees is Rs. 3500/- per month. The payment of PLB to eligible railway employees is made each year before the Dusshera / Puja holidays. About 12.37 lakh non-gazetted railway employees all over the country are likely to benefit.

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.