• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar

Govtempdiary

  • Home
  • 7th CPC Calculator
  • Pay Matrix
  • AICPIN

8th Pay CommissionPay Matrix
AICPINDA Calculator 2025

Productivity Linked Bonus (PLB) equivalent to 78 days’ wages for all eligible non-gazetted Railway employees

October 18, 2014 by rajasinghmurugesan Leave a Comment

Payment of Productivity Linked Bonus (PLB) equivalent to 78 days’ wages for the financial year 2013-14 to all eligible non-gazetted Railway employees.

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its ex-post facto approval for the payment of Productivity Linked Bonus (PLB) equivalent to 78 days’ wages for the financial year 2013-14 to all eligible non-gazetted Railway employees.

The financial implication of payment of 78 days’ PLB to railway employees has been estimated to be Rs. 1063.38 crores. The wage calculation ceiling prescribed for payment of PLB to eligible non-gazetted Railway employees is Rs. 3500/- p.m. About 12.60 lakh non-gazetted Railway employees are likely to benefit from the decision. The PLB on Railway covers all non-gazetted Railway employees (excluding RPF/RPSF personnel) throughout the country. This year also, PLB equivalent to 78 days’ wages has been paid as a special case to motivate employees.

Background

The Railways were the first departmental undertaking of the Government of India where 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. Even though the Payment of Bonus Act does not apply to the Railways, yet the broad principles contained in that Act were kept in view for the purpose of determining the “Wage/Pay Ceiling”, definition of ‘Salary’/’Wage’, etc. 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, the 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.

source-pibBONUS

Filed Under: HOT CGNEWS, HOT NEWS, plb bonus, Productivity Linked Bonus Raiway, Railway bonus 2015-16

Recent Posts

  • 8th Pay Commission: Major Salary Hike Expected for Government Employees January 16, 2025
  • CPI-IW November 2024 Update – All-India Consumer Price Index January 6, 2025
  • EPFO UAN Activation 2024: AADHAAR Seeding Guidelines for ELI Scheme December 16, 2024
  • EPS Pension Increase: Updates on Minimum Pension Hike for 2024 December 13, 2024
  • Good News for Ex-Servicemen: ECHS Gets a Major Boost December 12, 2024

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

  • Home
  • 8th Pay Commission
  • 7th CPC Calculator [updated]
  • Pay Matrix
  • Dopt orders
  • DA News
  • AICPIN
  • DA 2024
  • DA Calculator 2025
  • Superannuation Date Calculator

GET FREE EMAIL UPDATE

Secondary Sidebar

Categories

Copyright © 2010–2025 - Central Government Employees News - Govtempdiary