Team News Riveting
The Union Cabinet chaired by Prime Minister Narendra Modi had given its nod to pay Productivity Linked Bonus (PLB) for the year 2019-2020.
In all, 16.97 lakh non-gazetted employees of commercial establishments like Railways, Posts, Defence, EPFO,ESIC and others would be benefitted. The financial implication on the exchequer would be Rs 2,791 crore.
Non-PLB or ad-hoc Bonus is given to Non-Gazetted Central Government employees. 13.70 lakh employees would be benefited and Rs 946 crore will be the financial implication for the same.
A total of 30.67 lakh employees would be benefited by 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 Productivity Linked Bonus (PLB) and ad hoc bonus for its non-gazetted employees to be disbursed immediately.
