Indian Economy News

Productivity Linked Bonus (PLB) of Rs. 1,968.87 crore (236.4 million) has been approved by cabinet for railway employees

Productivity Linked Bonus (PLB), which is equal to 78 days' wages for all eligible non-gazetted railway employees, including track maintainers, locomotive pilots, train managers (guards), station masters, supervisors, technicians, technician helpers, pointsmen, ministerial staff, and other Group "C" staff (excluding RPF/RPSF personnel), has been approved by the Union Cabinet, which is presided over by Prime Minister Mr. Narendra Modi.

In recognition of this excellent performance by the railway staff, the Union Government has approved the payment of PLB of Rs. 1,968.87 crore (US$ 236.4 million) to 1,107,346 railway employees. The performance of railways in the years 2022-23 was notable. Railways loaded a record cargo of 1,509 million tonnes and carried nearly 6.5 billion passengers.

Many factors contributed to this record performance. These include improvement in infrastructure due to the infusion of record capital by the Government in Railways, efficiency in operations, better technology, etc. The payment of PLB will act as an incentive to motivate the railway employees to work towards further improvement in performance.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.