Good news for railway employees, 78 days bonus approved, oil companies also compensated

Posted on 12th Oct 2022 05:55 pm by rohit kumar

The Union Cabinet has approved the payment of a Productivity Linked Bonus equivalent to 78 days to Railway employees for the financial year 2021-22. Productivity Linked Bonus in Railways covers all non-gazetted railway employees (except RPF/RPSF personnel) spread across the country.

 

Let us tell you that this bonus was announced a few days ago, but the approval of the cabinet has been received on Wednesday. Now about 12 lakh non-gazetted railway employees are likely to benefit from this new decision. At the same time, there will be a burden of Rs 1832 crore on the government.

 

Calculations up to Rs.7000: The wage calculation limit prescribed for payment of bonuses to eligible employees is Rs.7,000 per month. The maximum payable amount for 78 days for an eligible railway employee is Rs.17,951.

 

Relief to oil companies: At the same time, one-time compensation to state-run oil marketing companies have been approved for LPG LPG. The Finance Ministry has agreed to pay Rs 22,000 crore in cash. Indian Oil, Bharat Petroleum (BPCL), and Hindustan Petroleum Corp (HPCL) together supply more than 90 percent of India's petroleum fuel.

 

These companies have suffered heavy losses every quarter. These three state-owned oil companies posted a combined loss of Rs 18,480 crore in the first quarter of the current financial year (April-June) on account of a decline in marketing margins on petrol, diesel, and domestic LPG. After this, there was a demand for compensation.

 

Also Read: 26/11 Attack: Terrorist Mir interrogated, Pakistan is not giving permission to America, China's protection

Other news

Peshawar Attack: Pak said, conspiracy to attack Peshawar mosque hatched in Afghanistan, intelligence agency funded

The plot to target a mosque in the capital of Pakistan's restive Khyber Pakhtunkhwa province was

Kolkata Case: 'Sanjay will not confess his crime in court', accused's lawyer claims he was framed in the doctor's murder

The lawyer of the accused in the murder case of a junior doctor at RG Kar Medical College in Kolk

Bhool Bhulaiyaa 3: Before the release of the film, the director improved Tripti's image, made a big claim about the actress

Bhool Bhulaiyaa 3 is all set to release in theatres this Diwali. The film stars many star actors

Pakistan: Pressure is being created on the members of the joint investigation team for the findings of the attack: Imran Khan

Former Pakistan Prime Minister Imran Khan on Tuesday said that the members of the Joint Investiga

Chief Justice of India: Justice Bhushan Gavai will become the 52nd Chief Justice of India, and will assume charge today.

Chief Justice of India (CJI) Sanjiv Khanna retired on Tuesday, May 13, and handed over his charge

Kolkata Doctor Case: Lie detector test of former principal Sandeep Ghosh completed, many secrets revealed before CBI!

The Central Bureau of Investigation (CBI) on Monday completed the second round of polygraph tests

India-US: Blinken's visit to India from tomorrow, before the departure of the Foreign Minister, America praised PM Modi

US Secretary of State Antony Blinken's three-day visit to India begins tomorrow (March 1). He wil

Delhi Budget 2024: Now every woman in Delhi will get one thousand rupees per month, Kejriwal government made a big announcement

Arvind Kejriwal government of Delhi has made a big announcement. Arvind Kejriwal's government wil

Weather Update: Heavy rain alert for three days in Himachal and Uttarakhand, rain expected in Delhi-NCR as well

The Meteorological Department has issued an alert for heavy rain for three days in Himachal Prade

Pakistan's PM-ministers will not take salary: Shahbaz Sharif said- Pay the bills of electricity, water and gas yourself; silence on the mighty army

With foreign reserves (deposits) of only $ 3 billion, the last attempt to save Pakistan, which is