Lottery for Railway Employees’ Bonus on Diwali
The Indian Railways is set to hold a lottery for its employees this Diwali, with discussions underway regarding a potential increase in the bonus amount. Union Minister Ashwini Vaishnav has received requests from railway employees to calculate the bonus based on the Seventh Pay Commission’s salary structure. If the government implements this change, employees could see a bonus increase of at least Rs 28,200, significantly impacting their festive celebrations.
Current Bonus Calculation and Employee Concerns
As it stands, the current bonus calculation is based on the Sixth Pay Commission, which sets the minimum salary at Rs 7,000 per month. However, under the Seventh Pay Commission, the minimum salary has been raised to Rs 18,000. Sarvjit Singh, the National General Secretary of the Indian Railway Employees Federation (IREF), highlighted that calculating the productivity-linked bonus (PLB) based on the outdated figure is unjust to employees, especially considering their crucial role during the recent pandemic when they ensured the continued operation of trains amidst lockdowns.
Potential Increase in Bonus Amount
IREF emphasizes that, according to government guidelines, railway employees should receive a PLB equivalent to 78 days’ basic salary. Currently, the payment is only Rs 17,951 based on the Rs 7,000 salary. Singh noted that this amount is insufficient in the context of rising inflation. If the government decides to adjust the bonus to reflect the Seventh Pay Commission’s minimum salary, employees would receive a bonus of Rs 46,159 for 78 days, leading to an increase of Rs 28,208 compared to the current payment system. The union has formally requested this adjustment to enhance the financial well-being of railway employees during the festive season.
Important Information Organised For You.
Category | Details |
---|---|
Event |
Lottery for railway employees on Diwali |
Bonus Calculation Request |
Request to calculate bonus based on Seventh Pay Commission |
Current Minimum Salary |
Rs 7,000 (Sixth Pay Commission) |
Proposed Minimum Salary |
Rs 18,000 (Seventh Pay Commission) |
Current Bonus Payment |
Rs 17,951 for 78 days |
Proposed Bonus Payment |
Rs 46,159 for 78 days |
Potential Increase in Bonus |
Rs 28,208 increase if calculated under Seventh Pay Commission |
Reason for Request |
Injustice of current calculation amid rising inflation |
Impact of Railway Employees |
Ensured movement of trains during Covid lockdown |