Railway Bonus: The Union Cabinet led by Prime Minister Narendra Modi on Saturday announced a bonus equal to 78 days’ salary for railway employees. It will be paid to them before the Dussehra holidays. However, RPF and RPSF personnel will not get this benefit. Let us tell you that 11.27 lakh railway employees will get the benefit of this decision of the central government.
The Railway Ministry says that the railway employees had ensured uninterrupted movement of essential commodities like food, manure, coal and other items even during the lockdown. Railways said that in the last three years, several steps have been taken to gain market share in freight traffic and enhance recovery in passenger fares through appropriate policy initiatives. As a result, the Railways has regained its economic momentum in the current financial year (2022-23), which was disrupted due to the pandemic. Railways carried 184 million tonnes of freight during the financial year 2021-22. This is the highest ever.
Payment of bonus will serve as an incentive. This will help a large number of Railway employees, especially those involved in the performance and operation of Railways, to improve their productivity. Payment of bonus will also boost demand in the economy in the coming festive season.
The payment of bonus for 78 days to railway employees is estimated to cost Rs 1,832.09 crore. The prescribed salary calculation limit for payment of bonus is Rs 7,000 per month. Railway employees will be paid a maximum of Rs 17,951 for 78 days.
