The approval entails a financial implication of approximately Rs.2090.96 crore.
Union Human Resource and Development Minister Prakash Javadekar made this announcement in a press conference.
The bonus is believed to motivate the employees to improve the financial position of the railways.
Payment of PLB would result in motivating a large number of railway employees to improve the performance of the Railways and enhance the productivity levels further besides maintaining industrial peace.
The payment of this Bonus to eligible Railway Employees will be made before Dussehra/Puja holidays.
Besides this, the cabinet also approved India's position on International Civil Aviation Organisation (ICAO) Draft Global Market-based Measures Scheme, registered emission norms for it.
"The cabinet approval will enable finalization of the negotiation strategy in the 39th Assembly of the ICAO. This will help India to bargain for the possible flexibility out of the proposed Global Market Based Measures Scheme of the ICAO," said Javadekar.
The United Nations-led talks run from Sept. 27 to Oct. 7 at the ICAO in Montreal.
Aviation accounts for two percent of global greenhouse emissions but air travel is expected to double by 2030.
Read at http://www.business-standard.com/article/news-ani/cabinet-decides-to-pay-78-days-productivity-linked-bonus-to-railway-employees-116092800602_1.html