Railways staff to get productivity-linked bonus ahead of Diwali: Cabinet

Here are the highlights of the Cabinet meeting

The Union Cabinet on Wednesday approved 78 days productivity-linked bonus for non-gazetted rail employees, Finance Minister Arun Jaitley said. The decision was taken at a Cabinet meeting chaired by Prime Minister Narendra Modi. Addressing a press conference, Jaitley said, "The Cabinet has approved 78 days Productivity-Linked Bonus for non-gazetted rail employees for 2016-17."

He said that according to the existing formula the productivity-linked bonus was for 72 days. "Six years ago there was a tradition of giving 78 days bonus. So the Cabinet has approved the 78 days productivity-linked bonus," the Finance Minister added.

The cabinet also approved the transfer of