7th Pay Commission: In what comes as good news for employees of Indian Railways, the Union Cabinet has announced that it will give a bumper bonus on Diwali. According to the decision taken in the union cabinet meeting held on Wednesday, non-gazetted railway employees will get 78 days salary as bonus.
“Union Cabinet approves Productivity Linked Bonus equivalent to 78 days’ wage to eligible non-gazetted Railway employees (excluding RPF/RPSF personnel) for FY20-21. About 11.56 lakh non-gazetted Railway employees are likely to benefit from the decision,” Union Minister Anurag Thakur informed during a press briefing.
The cabinet has also approved the proposal to set up mega investment textile parks. This will create a huge number of jobs and attract investment in this sector.Read more ↓
“Union Cabinet approves setting up of 7 PM Mega Integrated Textile Region & Apparel (PM MITRA) parks with a total outlay of Rs 4,445 crores over 5 years. Move inspired by 5F vision of PM Modi – Farm to Fibre to Factory to Fashion to Foreign,” Union Commerce Minister Piyush Goyal said.
Meanwhile, ahead of the festive season, public sector company Coal India Ltd. (Coal India Limited) has announced a performance-based incentive ie PLR (Performance-Linked Reward) of Rs 72,500 for all its non-executive cadre workforce for the financial year 2020-21. The Maharatna company said that the PLR will be paid on or before October 11, 2021. That is, the employees will get the reward before Dussehra.