Bonus Ceiling raised to Rs 3500/- w.e.f 01-04-2006

Press Information Bureau of Ministry of Railways is reporduced below :
The Union Cabinet today gave its approval for payment of Productivity Linked Bonus equivalent to 73 days wages to the eligible non-gazetted Railway employees for the financial year 2007-2008. The Govt. also decided to enhance the wages ceiling from Rs.2500/- to Rs.3500 per month with effect from 1.4.2006 for payment of Productivity Linked Bonus to all eligible Govt. employees in addition to employees of the Raillways.
Acordingly Bonus for the years of 2006 -7 and 2007-08 will be calculated on the basis of the revised ceiling of Rs.3500/-.

Bonus Ceiling
The S.G., FNPO had sent telegrams on the 1st October 2008 to the Hon'ble Minister for Communications & I.T Shri. A.Raja, MoS Shri. Jyotidraj Scindia and Secretary (Posts) requesting them to remove the cap on bonus ceiling from Rs.2500 to Rs.3500/-. To day detailed letters were also sent to the above by fax.
The S.G., FNPO had already initiated action on this issue on 19.9.2008 and met the Secretary (Posts) and submitted a detailed a letter requesting to raise the bonus ceiling from Rs.2500 to Rs.3500/-.