LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Early Diwali for Railway employees! Cabinet approves Productivity Linked Bonus incentive

This financial implication of payment Productivity Linked Bonus to railway employees is estimated to cost Rs 2,245.45 crores.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Early Diwali for Railway employees! Cabinet approves Productivity Linked Bonus incentive
A man shows the new Rs 200 currency note outside Reserve Bank of India in New Delhi on Aug 25, 2017. Photo: IANS
Written By: ZeeBiz WebTeam
Updated: Wed, Sep 20, 2017
05:08 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Cabinet meeting decisions - MSME definition: Entities with up to Rs 250 cr turnover, excluding exports, to be medium enterprises Cabinet meeting decisions - MSME definition: Entities with up to Rs 250 cr turnover, excluding exports, to be medium enterprises
Cabinet approves Rs 15,000 cr package for fighting COVID-19 outbreak Cabinet approves Rs 15,000 cr package for fighting COVID-19 outbreak
Paramilitary officers' promotion: Modi Cabinet clears proposal for Central Armed Police Forces (CAPF); check other decisions Paramilitary officers' promotion: Modi Cabinet clears proposal for Central Armed Police Forces (CAPF); check other decisions
Sarkari Naukri: Teachers jobs coming! 7000 teachers to be hired soon via direct recruitment as Cabinet clears this Bill Sarkari Naukri: Teachers jobs coming! 7000 teachers to be hired soon via direct recruitment as Cabinet clears this Bill

Ahead of festive season, giving another reason to Railway employees to celebrate, Union Cabinet on Wednesday approved Productivity Linked Bonus (PLB) incentive. The Cabinet meet was chaired by Prime Minister Narendra Modi. 

As per the official statement, this PLB is equivalent to 78 days wages which will be given to eligible non-gazetted railway employees (excluding RPF/RPSF personnel) for the financial year 2016-17. About 12.30 lakh non-gazetted Railway employees are likely to benefit from the decision. 

This financial implication of payment PLB to railway employees is estimated to cost Rs 2,245.45 crores. The wage calculation ceiling prescribed for payment of PLB is Rs 7,000 per month. The maximum amount payable per eligible railway employee is Rs 17,951 for 78 days, Cabinet said. 

The main objective of this incentive is to improve the productivity, ensure safety, speed and service for Railway customers.

"Indian Railways operates on the principle of maximum public welfare, and in this context, this bonus payment will help in improving accountability and efficiency in railways operations," the Cabinet added. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
union cabinetProductivity Linked BonusincentivesRailway employeesNarendra ModiRailway employees incentivesEconomyPLB per employeeMaximum PLB
RELATED NEWS
Cabinet meeting decisions - MSME definition: Entities with up to Rs 250 cr turnover, excluding exports, to be medium enterprises Cabinet meeting decisions - MSME definition: Entities with up to Rs 250 cr turnover, excluding exports, to be medium enterprises
Cabinet approves Rs 15,000 cr package for fighting COVID-19 outbreak Cabinet approves Rs 15,000 cr package for fighting COVID-19 outbreak
Paramilitary officers' promotion: Modi Cabinet clears proposal for Central Armed Police Forces (CAPF); check other decisions Paramilitary officers' promotion: Modi Cabinet clears proposal for Central Armed Police Forces (CAPF); check other decisions
Sarkari Naukri: Teachers jobs coming! 7000 teachers to be hired soon via direct recruitment as Cabinet clears this Bill Sarkari Naukri: Teachers jobs coming! 7000 teachers to be hired soon via direct recruitment as Cabinet clears this Bill
Government relaxes captive coal policy norms to attract bidders Government relaxes captive coal policy norms to attract bidders

LATEST NEWS

Budget 2021 Expectations – Capital Gains tax rationalisation to boost investor sentiment, this expert says

HDFC Securities says next resistance on Nifty will be around 14800, support at 14550

Budget preview: Consolidating under the cover of growth says Nomura

Are Fixed Deposits a better option than Debt Funds for Long term allocation?

Sushant Singh Rajput birth anniversary: Tributes by ex-girlfriend Ankita Lokhande, Kangana Ranaut message for 'movie mafias'

Proud moment for India, Telangana! Joe Biden inauguration speech writer is Indian-American Vinay Reddy - Top things to know

Stocks in Focus on January 21: Bajaj Finance, HDFC AMC, Havells India, Axis Bank to Reliance; here are the 5 Newsmakers of the Day

“A cry for survival comes from the planet itself": President Joe Biden says US will rejoin Paris climate accord

Banks sanction additional Rs 15,571 cr to MSMEs under ECLGS 2.0

Punjab universities reopen today, primary schools given January 27 date | Check conditions and SOPs in place for students

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved