Over 12.60 lakh non-gazetted Railway employees will benefit from a decision by the Union Cabinet today to give the highest ever Productivity Linked Bonus (PLB) equivalent to 78 days' wages to them this festival season.
Information and Broadcasting Minister Ambika Soni said the Union Cabinet has accepted the proposal of the Ministry of Railways for payment of PLB equivalent to 78 days' wages for 2010-11 for all eligible non-gazetted Railway employees.
The decision is likely to benefit 12.61 lakh non-gazetted Railway employees, she said.
"The financial implication of payment of 78 days' PLB to railway employees has been estimated at Rs 1,098.58 crore. The wage calculation ceiling prescribed for payment of PLB to the eligible non-gazetted railway employees is Rs 3,500 per month," she told reporters after the Cabinet meeting.
From: http://ping.fm/d5wTI
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