The
Union Cabinet today approved the proposal of the Ministry of Railways for
payment of Productivity Linked Bonus (PLB) equivalent to 78 days wages for the
financial year 2012-13 for all eligible non-gazetted railway employees.
PLB
equivalent to 78 days wages will be paid as a special case considering the good
financial performances which is expected to motivate employees. The Gross
Traffic Receipt (GTR) during 2012-13 is Rs. 1.24 lakh crore showing an increase
of 18.85 per cent against GTR of Rs. 1.04 crore during 2011-12. This increase
of GTR was 10.13 per cent during 2011-12 as against 2010-11 and 8.71 per cent
during 2010-11 as against 2009-10.
The
financial implication is estimated to be Rs. 1043.43 crore. The wage
calculation ceiling prescribed for payment of PLB to eligible non-gazetted
railway employees is Rs. 3500/- per month. The payment of PLB to eligible
railway employees is made each year before the Dusshera / Puja holidays. About
12.37 lakh non-gazetted railway employees all over the country are likely to
benefit.
Background:
The Railways were the first departmental undertaking of the Government of India where the concept of PLB was introduced. The PLB Scheme for the Railways came into force from 1979-80 onwards and was evolved in consultation with the two recognized federations, that is the All India Railwaymen`s Federation and National Federation of Indian Railwaymen. The scheme envisages a review every three years.
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