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Railway employees to receive bonus |
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 all eligible non-gazetted Railway employees. The move will
benefit 13.05 lakh employees and it will cost the exchequer Rs 889 crore The salient
features of the PLB scheme evolved as a result of review of the scheme and approval
of the cabinet on September 23, 2000. Railways were the first departmental undertaking
of the Government of India wherein the concept of PLB was introduced. The main
consideration at that time was the important role of the Railways as an infrastructural
support in the performance of the economy as a whole. In the overall context of
Railway working, it was considered desirable to introduce the concept of PLB as
against the concept of Bonus on the lines of 'The Payment of Bonus Act - 1965'.
The PLB scheme for the Railways came into force from the year 1979-80 onwards
and was evolved in consultation with the two recognised federations viz. All India
Railwaymen's Federation and National Federation of Indian Railwaymen and with
the approval of the Cabinet. The scheme envisages a review every three years. |
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