Friday, October 3, 2008

BONUS CEILLING ENHANCED FROM Rs. 2500 TO 3500/- P.M.

The Union Cabinet today gave its approval for payment of Productivity Linked Bonus (PLB) equivalent to 73 days wages to the eligible non-gazetted railway employees for the financial year 2007-08. The Government also decided to enhance the wage ceiling from Rs. 2500/- to Rs.3500/- p.m. w.e.f. 1.4.2006 for payment of Productivity Linked Bonus to all eligible Government employees in addition to employees of the Railways.

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Is it necessary or beneficial to maintain identity of S.B.C.O as a internal audit branch?