According to media sources, Union Cabinet has approved Productivity Linked Bonus of 78 days for over 11 lakh, 72 thousand railway employees. The bonus amount will be 2029 crore rupees. Briefing media in New Delhi, Information and Broadcasting Minister Ashwini Vaishnaw said that the payment of Productivity Linked Bonus (PLB) acts as an incentive to motivate the railway employees for working towards improvement in the performance of the Railways.
Payment of PLB to eligible railway employees is made each year before the Dussehra holidays, and this year also, the PLB amount is being paid to about 11.72 lakh non-gazetted employees.
In a move to benefit about 20 thousand 704 employees of Major Port Authorities and Dock Labour Board employees, the government also approved a modified Productivity Linked Reward, PLR Scheme for these employees from 2020-21 to 2025-26 with a total financial implication of around 200 crore rupees.
This PLR Scheme will foster better industrial relationships and a congenial work atmosphere in the Port Sector, apart from stimulating better productivity. Productivity Linked Reward is an existing scheme for the employees and workers of Major Port Trusts and Dock Labour Board, wherein financial reward is being granted on a yearly basis based on the settlement arrived at between Management and the Labour Federations of the Major Port Authorities.
News & Image Source: newsonair.gov.in
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