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Friday, October 3, 2008

FLASH NEWS - BONUS CEILING REVISED FROM 1.4.2006

PRESS INFORMATION BUREAU OF MINISTRY OF RAILWAYS REPRODUCED BELOW
 
PLB BONUS REVISED TO 3500/= FOR TWO YEARS FROM 1.4.2006
 
2006-2007 AND 2007-2008 TWO YEARS ALL PLB SECTIONS TO GET @ 3500/=
 

 
PRESS RELEASE AS FOLLOWS:
 
The Union Cabinet today gave its approval for payment of Productivity Linked Bonus (PLB) equivalent to 73 days wages to the eligible non-gazetted railway employees for the financial year 2007-08. The Government also decided to enhance the wage ceiling from Rs. 2500/- to Rs.3500/- p.m. w.e.f. 1.4.2006 for payment of Productivity Linked Bonus to all eligible Government employees in addition to employees of the Railways.

Accordingly bonus for 2006-07 and 2007-08 will be calculated on the basis of the revised ceiling of Rs. 3500/-.

NFPE IS CONTACTING POSTAL DEPARTMENT FOR CONFIRMATION OF THE NEWS

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