Govt announces productivity linked bonus for non-gazetted railway employees for 75 days for the financial year 2008-09. Around 13.05 lakh employees of the Railways wil get bonus.
The decision that will have financial implications to the tune of Rs 889 crore was taken at the Union Cabinet meeting chaired by Prime Minister Manmohan Singh.
The beneficiaries of the bonus would be non-gazetted employees of the railways and exclude Railway Protection Force and Railway Protection Special Force, Information and Broadcasting Minister Ambika Soni told reporters.
This will be the highest productivity-linked bonus to be made by the Railways. Last year, the bonus was paid for 73 days of wages.
The wage calculation ceiling prescribed for payment of the bonus to non-gazetted railway employees is Rs 3,500 per month.
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