Current Affairs

Union Cabinet approves Productivity linked bonus

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.
Union Cabinet approves Productivity linked bonus
  • 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
Union Cabinet approves Productivity linked bonus Union Cabinet approves Productivity linked bonus Reviewed by Inderjeet Virdi on October 12, 2018 Rating: 5

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