7th Pay Commission: The Union Cabinet, chaired by Prime Minister Narendra Modi, today approved the Productivity Linked Bonus (PLB) equivalent to 78 days’ wages for the financial year 2020-21 for all eligible non-gazetted Railway employees (excluding RPF/RPSF personnel).
The financial implication of payment of 78 days’ PLB to railway employees has been estimated to be Rs 1,984.73 crore. The wage calculation ceiling prescribed for payment of PLB to the eligible non-gazetted railway employees is Rs 7000 per month. The maximum amount payable per eligible railway employee is Rs 17,951 for 78 days.
“Union Cabinet approves Productivity Linked Bonus equivalent to 78 days’ wage to eligible non-gazetted Railway employees (excluding RPF/RPSF personnel) for FY20-21. About 11.56 lakh non-gazetted Railway employees are likely to benefit from the decision,” Union Minister Anurag Thakur knowledgeable throughout a press briefing.
The financial implication of payment of 78 days’ productivity linked bonus to the railway employees has been estimated to be Rs. 1984.73 crore.
The wage calculation ceiling prescribed for payment of the productivity linked bonus to the eligible non-gazetted railway employees is Rs.7, 000 per month.
The maximum amount payable per eligible railway employee is Rs. 17,951 for 78 days.
The payment of productivity linked bonus to eligible railway employees is made each year before the Dussehra/ Puja holidays.
In tune with the same, the Cabinet’s decision shall be implemented before the holidays for this year as well.
\The cabinet has also approved the proposal to set up mega-investment textile parks. This will create a huge number of jobs and attract investment in this sector.
“Union Cabinet approves setting up of 7 PM Mega Integrated Textile Region & Apparel (PM MITRA) parks with a total outlay of Rs 4,445 crores over 5 years. Move inspired by 5F vision of PM Modi – Farm to Fibre to Factory to Fashion to Foreign,” Union Commerce Minister Piyush Goyal said.
