Cabinet approves Bonus for Railway employees

The Union Cabinet has approved Productivity Linked Bonus equivalent to 78 days' wage to eligible non-gazetted Railway employees excluding RPF or RPSF personnel for financial year 2020-21. Briefing media in New Delhi on Wednesday, Information and Broadcasting Minister Anurag Singh Thakur said, about 11.56 lakh non-gazetted Railway employees will be benefited from the decision. Thakur said, the financial implication of payment of 78 days' has been estimated to be around Rs1 985 crore. The maximum amount payable per eligible Railway employee is Rs17,951 for 78 days.

The Union Cabinet also approved setting up of seven Mega Integrated Textile Region and Apparel (PM MITRA) Parks with a total outlay of Rs 4,445 crore over five years.Briefing about it, Textiles Minister Piyush Goyal said, the move is inspired by the 5-F vision of Prime Minister Narendra Modi which is Farm to Fibre to Factory to Fashion to Foreign. He said, it is Modi Government’s landmark decision to empower Textiles sector. 
PM MITRA Park will be developed by a Special Purpose Vehicle which will be owned by State Government and Government of India in a Public-Private Partnership (PPP) Mode. The Master Developer will not only develop the Industrial Park, but also maintain it during the concession period. Selection of this Master Developer will be done based on objective criteria developed jointly by State and Central Governments. 
The SPV, in which State Government has majority ownership, will be entitled to receive part of the lease rental from developed industrial sites and will be able to use that for further expansion of textiles industry in the area by expanding the PM MITRA Park, providing Skill Development initiatives and other Welfare measures for workers.The Union Government will also provide a fund of Rs 300 crore for each PM MITRA Park to incentivize manufacturing units to get established. This will be known as Competitiveness Incentive Support (CIS) and will be paid upto three per cent of turnover of a newly established unit in PM MITRA Park. Such support is crucial for a new project under establishment which has not been able to break even and needs support till it is able to scale up production and be able to establish its viability.