There's good news for railway employees. The central government has approved a productivity-linked bonus (PLB) equivalent to 78 days' salary for eligible railway employees. This decision was made at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi. Union Minister Ashwini Vaishnav provided this information.

This decision paves the way for 1.14 million railway employees to receive bonus benefits. This decision is considered to provide financial relief to employees during the festive season. Which employees will benefit from this?

Bonus Equal to 78 Days' Salary
The Central Government has approved a bonus based on 78 days' salary for eligible railway employees. However, the actual amount each employee will receive will be determined based on the relevant regulations and bonus calculations. Therefore, not all employees will necessarily receive the same amount.

Which employees will benefit from this?

This decision will benefit eligible non-gazetted railway employees. These include track maintainers, loco pilots, train managers, station masters, technicians, pointsmen, and other eligible employees. The bonus distribution process will be conducted in accordance with relevant regulations.

What is Productivity Linked Bonus?

Productivity Linked Bonus is a productivity-related bonus awarded to eligible employees based on their contribution to railway operations and performance-related criteria.

Important decision regarding IDBI Bank:
In another significant development related to the Union Cabinet, it is reported that the sale of a stake in IDBI Bank has been approved. In this transaction, the government and Life Insurance Corporation of India (LIC) are planning to sell a 60.72% stake to a company affiliated with the Fairfax Group. The transaction is reportedly worth ₹52,878 crore.

PC: ABP NEWS