Govt announces Rs 20 Bn bonus for railway employees

08 Oct 2024 CW Team

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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..