Over 11 Lakh Rail Employees To Get 78 Days' Wages As Productivity Bonus
More than 11.5 lakh railway employees will get a bonus this festive season equivalent to 78 days' salary, the government said today after the Union Cabinet cleared the proposal. This is the sixth straight year when the railway employees will get a productivity-linked bonus from the government, said Union Minister Prakash Javadekar after the Cabinet meeting chaired by Prime Minister Narendra Modi. Describing the bonus as "a reward for productivity", Mr Javadekar said it will help the government maintain high levels of motivation among the railway personnel.
The bonus to railways employees will cost the government Rs 2,024.40 crore, he said.
The approved bonus is for non-gazetted railway employees for financial year 2018-19, the official statement said, and excludes Railway Protection Force (RPF) and Railway Protection Special Force (RPSF) staff.
11.52 lakh Railway employees to get 78 days wages as bonus. This is a reward for productivity: Union Minister @PrakashJavdekar#CabinetDecisions pic.twitter.com/uolfd2Q1io
September 18, 2019The productivity-linked bonus is aimed at acknowledging the employees' contribution to efficient railway operations, an official statement said. It will "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".
#Cabinet approves productivity linked bonus to railway employees.
September 18, 2019
11.52 lakh Railway employees to get 78 days wages as bonus. #CabinetDecisions pic.twitter.com/51OLmGL06KThis acknowledgement will enhance the sense of inclusiveness and equity among the large number of railwaymen and their families, the government said.
A similar bonus of 78 days' wages was awarded to railway employees for financial year 2017-18 in October last year.Â
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.