Union Cabinet has approved the payment of Productivity Linked Bonus (PLB) equivalent to 78 days' wages for financial year 2017-18 for all eligible non-gazetted Railway employees.
(a) Performance Linked Bonus (PLB)
(b) Productivity Linked Bonus (PLB)
(c) Punctuality Linked Bonus (PLB)
(d) None of the above
- It will be not available to Railway Protection Force (RPF) personnel.
- This decision will benefit about 11.91 lakh non-gazetted Railway employees.
About the Productivity Linked Bonus:
- It covers all non-gazetted railway employees (excluding RPF personnel) who are spread over entire country.
- The eligible railway employees will be paid this bonus each year before Dusshera/ Puja holidays.
- This bonus is expected to motivate employees for working towards improving the performance of Railways.
Interesting to know:
- Indian Railways was the first departmental undertaking of Central Government to adopt the concept of PLB in 1979-80.
- The main consideration for introduction of PLB at that time was because of the important role of Railways as infrastructural support in performance of economy as whole.
- In the overall context of Indian Railways' working, PLB was introduced as against the concept of bonus on lines of 'The Payment of Bonus Act – 1965'.
Question:
Q. Union Cabinet has approved the payment of which bonus, equivalent to 78 days' wages for financial year 2017-18 for all eligible non-gazetted Railway employees?(a) Performance Linked Bonus (PLB)
(b) Productivity Linked Bonus (PLB)
(c) Punctuality Linked Bonus (PLB)
(d) None of the above
