In a commendable move, Prime Minister Narendra Modi-led Cabinet has approved a payment of Rs. 2028.57 crore, equivalent to 78 days' wages, as a performance-linked bonus for 11.72 lakh non-gazetted Indian Railway employees. Recognizing the railway's record performance in 2023-2024, this decision is aimed at motivating and incentivizing the employees to continue their hard work. With improving infrastructure and technology, the Indian Railways loaded a record cargo of 1588 Million Tonnes and carried nearly 6.7 Billion Passengers, making this bonus a well-deserved reward for their efforts.
In recognition of their exceptional performance, the Indian government has approved a payment of Rs 2028.57 crore as a bonus for non-gazetted Indian Railway employees for the year 2023-2024. The bonus, equivalent to 78 days' wages, will be distributed among 11.72 lakh employees.
This move comes as the Indian Railways has witnessed significant growth in its operations, loading a record cargo of 1588 Million Tonnes and carrying nearly 6.7 Billion Passengers in 2023-2024. The government's decision to provide a performance-linked bonus is aimed at motivating and incentivizing employees to continue their hard work and contribute to the railways' continued success.
Background:
The Indian Railways is one of the largest railway networks in the world, operating over 40,000 km of tracks. It plays a vital role in the country's economy by transporting both passengers and freight. In recent years, the Indian Railways has undertaken several initiatives to improve its infrastructure and technology, resulting in increased efficiency and productivity.
FAQs:
1. Who is eligible for the performance-linked bonus?
All non-gazetted Indian Railway employees are eligible for the bonus.
2. What is the amount of the bonus?
The bonus is equivalent to 78 days' wages, with a total payment of Rs 2028.57 crore.
3. When will the bonus be paid?
The bonus will be paid before Diwali, the Indian festival of lights.
4. Has the Indian Railways provided performance-linked bonuses in the past?
Yes, the Indian Railways has provided performance-linked bonuses in the past, but this is the highest amount ever approved.
5. What is the impact of the bonus on railway productivity?
The bonus is expected to motivate employees to continue their hard work and contribute to the railways' continued growth and productivity.
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