New Delhi: Around 13.05 lakh employees of the Railways are in for a bonanza with the government Thursday announcing productivity-linked bonus to them equivalent to 75 days of their wages for the financial year 2008-09.
The decision that will have financial implications to the tune of Rs889 crore was taken at the Union Cabinet meeting chaired by Prime Minister Manmohan Singh.
The beneficiaries of the bonus would be non-gazetted employees of the railways and exclude Railway Protection Force and Railway Protection Special Force, information and broadcasting minister Ambika Soni told reporters.
This will be the highest productivity-linked bonus to be made by the Railways. Last year, the bonus was paid for 73 days of wages.
The wage calculation ceiling prescribed for payment of the bonus to non-gazetted railway employees is Rs3,500 per month.