The Cabinet on Thursday approved the proposal of the Ministry of Railways for payment of Productivity linked Bonus (PlB) equivalent to 78 days’ wages for the financial year 2012-13 for all eligible non-gazetted Railway employees.
The PlB equivalent to 78 days’ wages will be paid as a special case considering the good financial performances which is expected to motivate employees. The Gross Traffic Receipt (GTR) during 2012-13 is `1.24 lakh crore showing an increase of 18.85 per cent against GTR of `1.04 crore during 2011-12. This increase of GTR was 10.13 per cent during 2011-12 as against 2010-11 and 8.71 per cent during 2010-11 as against 2009-10. The financial implication is estimated to be `1,043.43 crore.