PoliticsPhoto: News18Hi BusinessIndian Railways Approves Productivity Linked Bonus for 11 Lakh Employees
The Indian government has approved a Productivity Linked Bonus (PLB) for over 11 lakh Indian Railway employees as a festive gift. Railway Minister Ashwini Vaishnaw announced the cabinet decision, stating the government will distribute Rs 2009 crore as bonus. Additionally, 1.65 lakh railway positions are being recruited, with 5 lakh jobs created since 2014. The cabinet also approved strategic restructuring of IDBI Bank with a major foreign direct investment, retaining 34% government and LIC stake.
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