Union Cabinet Approves Productivity-Linked Bonus For Railway Employees
The decision will benefit around Rs 12 lakh railway employees. (Representative image)
Railway Employee Bonus 2024: Union Cabinet Approves Productivity-Linked Bonus For Railway Employees
Railway Employee Bonus 2024: In a special meeting today, the Cabinet approved a productivity-linked bonus for railway employees and a revised productivity-linked reward scheme for major port authorities.
The Union Cabinet has approved a Productivity-linked Bonus equivalent to 78 days’ wages for railway employees, amounting to Rs 2,029 crore.
The decision will benefit around Rs 12 lakh employees.
PLR for Ports
The Cabinet has also approved a revised Productivity-linked Reward (PLR) Scheme, aimed at benefiting around 20,704 employees of major port authorities and dock labour boards for the period from 2020-21 to 2025-26. With a total financial outlay of Rs 200 crore, the scheme seeks to boost productivity and recognise the efforts of port and dock workers.