Govt announces Rs 20 Bn bonus for railway employees
RAILWAYS & METRO RAIL

Govt announces Rs 20 Bn bonus for railway employees

Union Minister Ashwini Vaishnaw announced on Thursday the Cabinet has approved a Productivity Linked Bonus of Rs 20.29 billion for Railway employees, benefiting 11,72,240 workers in recognition of their good performance. He also addressed concerns about recruitment, stating that the process for filling 58,642 vacancies is underway, countering opposition claims that present misleadingly small figures regarding employment in the Railways.

Union Minister Ashwini Vaishnaw said, Productivity Linked Bonus for Railway employees of Rs 20.29 billion has been approved by the cabinet for the good performance of railways which will benefit 11,72,240 employees.

Cabinet also approved the modification of the existing Productivity Linked Reward (PLR) Scheme for employees and workers of Major Ports and Dock Labour Boards for the period from 2020-21 to 2025-26. This decision will benefit around 20,704 employees and comes with a total financial outlay of Rs 2 billion. Under the revised PLR scheme, the calculation of rewards will now focus more on port-specific performance rather than an all-India performance, encouraging healthy competition among ports. The weightage for individual port performance will be gradually increased from 50% to 60% by 2025-26, while the all-India performance weightage will be reduced to 40%. The wage ceiling for calculating the bonus has been set at Rs 7,000 per month.

This modification aims to boost productivity, foster competition, and promote better industrial relations in the port sector. The PLR scheme has traditionally been a reward system based on agreements between management and labour unions of Major Port Authorities, offering financial incentives for workers based on annual performance.

Union Minister Ashwini Vaishnaw announced on Thursday the Cabinet has approved a Productivity Linked Bonus of Rs 20.29 billion for Railway employees, benefiting 11,72,240 workers in recognition of their good performance. He also addressed concerns about recruitment, stating that the process for filling 58,642 vacancies is underway, countering opposition claims that present misleadingly small figures regarding employment in the Railways. Union Minister Ashwini Vaishnaw said, Productivity Linked Bonus for Railway employees of Rs 20.29 billion has been approved by the cabinet for the good performance of railways which will benefit 11,72,240 employees. Cabinet also approved the modification of the existing Productivity Linked Reward (PLR) Scheme for employees and workers of Major Ports and Dock Labour Boards for the period from 2020-21 to 2025-26. This decision will benefit around 20,704 employees and comes with a total financial outlay of Rs 2 billion. Under the revised PLR scheme, the calculation of rewards will now focus more on port-specific performance rather than an all-India performance, encouraging healthy competition among ports. The weightage for individual port performance will be gradually increased from 50% to 60% by 2025-26, while the all-India performance weightage will be reduced to 40%. The wage ceiling for calculating the bonus has been set at Rs 7,000 per month. This modification aims to boost productivity, foster competition, and promote better industrial relations in the port sector. The PLR scheme has traditionally been a reward system based on agreements between management and labour unions of Major Port Authorities, offering financial incentives for workers based on annual performance.

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement