Railway staff to get bonus

New Delhi, Oct 3 (IANS) The union cabinet Thursday approved payment of productivity linked bonus (PLB) equivalent to 78 days wages for 2012-13 for 12.37 lakh eligible non-gazetted railway employees, said a statement.

The financial implication of the move is estimated to be Rs.1,043.43 crore.

According to the statement, PLB equivalent to 78 days wages will be paid as a special case considering the good financial performance 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 percent against GTR of Rs.1.04 crore during 2011-12.

The wage calculation ceiling prescribed for payment of PLB to eligible railway employees is Rs. 3,500 per month.


Get stories like this on the Yahoo app and discover more every day.
Download it now.