Date:12/10/2007 URL: http://www.thehindu.com/2007/10/12/stories/2007101261801700.htm
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National

70-day bonus for railway employees

Special Correspondent

NEW DELHI: Thousands of non-gazetted railway employees will get productivity-linked bonus equivalent to 70 days wages this year, barring the Railway Protection Force and Railway Protection Special Force personnel. The proposal was approved by the Cabinet on Thursday.

This is the highest-ever bonus being paid to the employees. Railway Minister Lalu Prasad had promised to pass on the benefits of the Railways’ rising profits.

The announcement was made by Information and Broadcasting Minister P.R. Dasmunsi after a meeting of the Union Cabinet chaired by Prime Minister Manmohan Singh.

The bonus for the 2006-07 fiscal was bases on the basis of a formula approved in September 2000.

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