Railway Bonus 2019 – Productivity Linked Bonus equivalent to 78 days wages
Railway Bonus 2019
Cabinet
Cabinet approves Payment of PLB to railway employees for the FY 2018-19
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the payment of Productivity Linked Bonus (PLB) equivalent to 78 days wages to over 11.52 Lakh eligible non-gazetted railway employees (excluding RPF/ RPSF personnel) for the Financial Year (FY) 2018-19, for maintaining industrial peace and motivation of railwaymen. This entails an expenditure of Rs. 2024.40 crores to the exchequer.
This is the sixth consecutive year that the Government led by Mr Narendra Modi has maintained a bonus of 78 days wages. It has never lowered it.
PRODUCTIVITY LINKED BONUS TO RAILWAY EMPLOYEES 2019
- Productivity Linked Bonus amounting to 78 days wages for over 11.5 lakh non-gazetted Railway employees (excluding RPF/RPSF personnel) approved
- Expenditure of over 2 thousand crores for FY 2018-19
- Acknowledgement of employees contribution to efficient Railway operations
- Aimed at maintaining high levels of motivation among railway personnel
Benefits :
Payment of PLB equivalent to 78 days wages to eligible railway employees (excluding RPF/ RPSF personnel) for the FY 2018-19 would result in motivating a large number of railway employees to improve the performance of the Railways and enhance the productivity levels further, besides maintaining industrial peace.
PLB to all non-gazetted railway employees is an acknowledgement of their contribution to the efficient running of the Railways.
There being large number of railwaymen and their families, this acknowledgement will enhance the sense of inclusiveness and equity among them.
PIB
Initially in India, salary to the employees to be paid on a weekly basis. So they received 52 salaries in a year. But when British started ruling India they came up with concept of Monthly salary which meant you were getting paid for 48 weeks only.
So if we have 4 weeks in a month, 13 salaries should have been distributed but as per a monthly salary structure introduced by British they were giving only 12 salaries in a year.
When people realized that this was a loss to them in terms of one salary many protest rallies were organised in India during 1930-1940.
The British then came up with a solution to this problem. After discussion with labour leaders about how to distribute this 13th month salary and they decided Diwali being the biggest festival of India at that time, they would distribute this 13th month salary during Diwali.
” Today this is called the Diwali Bonus ”
This was implemented from 30th June 1940.
Many don't know the history behind the Diwali Bonus and this is our right to get the 13th month salary as diwali bonus. Now we are getting during Dussehra.
It's our 13th salary……