New Delhi, Sep 24 (PTI) The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved a productivity-linked bonus equivalent to 78 days' wages for 10.9 lakh railway employees, Railway Minister Ashwini Vaishnaw announced here on Wednesday.
The total bonus amount stands at Rs 1,886 crore, a government press statement said, adding that the bonus has been approved in recognition of the excellent performance by the 10,91,146 railway staff.
Payment of productivity-linked bonus (PLB) to eligible railway employees is made each year before the Durga Puja and Dussehra holidays.
"The prime minister has approved the productivity-linked bonus equivalent to 78 days of wages. The decision will benefit 10.9 lakh employees," the minister said.
"This year also, PLB amoun