Cabinet clears bonus for non-gazetted employees

30.67 lakh employees will benefit, total financial implication is Rs 3,737 crore

GN Bureau | October 21, 2020


#Union cabinet   #bureucracy   #bonus   #finance  
(Illustration: Ashish Asthana)
(Illustration: Ashish Asthana)

The union cabinet chaired by prime minister Narendra Modi on Wednesday gave its approval to pay productivity linked bonus (PLB) for 2019-20 to 16.97 lakh non-gazetted employees of commercial establishments like Railways, Posts, Defence, EPFO, and ESIC, with a financial implication of Rs.2,791 crore.

Non-PLB or ad-hoc bonus is given to non-gazetted central government employees. As many as 13.70 lakh employees will benefit and Rs.946 crore will be the financial implication for the same.

A total of 30.67 lakh employees will benefit from the Bonus announcement and total financial implication will be Rs 3,737 crore.

Payment of Bonus to non-gazetted employees for their performance in the preceding year is usually made before Durga Puja/Dussehra season. The government is announcing the PLB and ad hoc bonus for its non-gazetted employees to be disbursed immediately.
 

Comments

 

Other News

Do you know these hidden forces behind your economic and business decisions?

Predictably Irrational By Dan Ariely Harper Perennial, 384 pages, Revised edition: 2010 In this meticulously researched work, Israel-American psychologist and behavioural economist Dan Ariely [h

Social media guidelines: All you need to know about the change

Amidst growing concerns around lack of transparency, accountability and rights of users related to digital media, the government has framed ‘Guidelines and Digital Media Ethics Code’ after elaborate consultation with the public and stakeholders, to have a “harmonious, soft-touch oversight

PLI scheme to boost IT hardware manufacturing

A production-linked incentive (PLI) scheme with a cost of Rs 7,350 crore over four years was approved by the union cabinet Wednesday, aiming to boost domestic manufacturing and attract global investment in IT hardware like laptops, tablets, PCs and servers. The scheme extends an incentive of

Govt could’ve done more to support film industry: Ramesh Sippy

Lamenting the fact that the government has not done enough to uplift cinema halls badly affected by pandemic-induced lockdown and get back audiences to theatres, legendary filmmaker Ramesh Sippy has said that the film industry needs a revival package and larger government support than that announced in the

Genius of Ghalib, equally at home in solving murder mystery

Murder at the Mushaira By Raza Mir Aleph / 344 pages / Rs 799 While Indian-English writing has achieved great heights in literary fiction, that achievement is ye

As Covid cases rise, stringent restrictions are back in Mumbai

With the surge in the number of Covid-19 cases over the past few days in several districts of Maharashtra as well as in the city of Mumbai, stringent measures are making a comeback. BMC municipal commissioner Iqbal Singh Chahal on Thursday announced stricter rules against those flouting Covi

Visionary Talks series with Ramesh Sippy, On The Future Of Cinema



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter