7th Pay Commission: Setback For Govt Employees; 25% Increase In Gratuity Due To Da Hike Kept On Hold By EPFO
DA was hiked to 50 percent in March 2024, consequent to which Gratuity ceiling is automatically hiked as per rules.
May 20, 2024, 12:19 PM IST
Govt Announces Family Pension For LIC Employees, Hikes Gratuity Limit For Agents
More than 13 lakhs agents and more than 1 lakh regular employees, who play a pivotal role in the growth of LIC and deepening of insurance penetration in India, will benefit from these welfare measures, a statement said.
Sep 18, 2023, 16:57 PM IST
Additional gratuity limit on death of THESE employees increased to Rs 7.05L from Rs 6.15L–Check details
A release from the office of Chief Minister Eknath Shinde, who is chairman of MSRTC, also said that the limit of additional gratuity to the heirs of employees who died while in service has been increased to Rs 7.05 lakh from Rs 6.15 lakh under the additional gratuity and employee deposit linked insurance scheme.
Nov 21, 2022, 12:18 PM IST
Big blow to central govt employees! You can lose your Pension, Gratuity for doing THIS
The pension or gratuity may be withheld by the government indefinitely or for a predetermined time. Additionally, they have the authority to order the full or partial recovery of any financial loss incurred by the government from a pension or gratuity.
Oct 26, 2022, 12:58 PM IST
New Wage Code 2022: Employees with Rs 25 basic pay people will get Rs 1.16 crore, check out this calculation
The central government has notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.
Oct 19, 2022, 14:53 PM IST
New Wage Code: Crucial meeting of Labour Ministry with industry today, discussion on allowance and salary structure on the cards
If it is agreed upon that Allowances cannot be more than 50% in salary, then take home salary will be less and investment in Provident Fund (PF) will increase. The industry believes the new wage code is expected to increase the burden in the short term. Therefore, the industry should get 2-3 months to implement the new rules.
Aug 22, 2022, 09:47 AM IST
Gratuity Scheme to Private and Contract workers of Public Sector, here is what government said
The government had a few months ago said that there would be no change in the gratuity norms.
Aug 19, 2022, 11:03 AM IST
Labour Ministry's BIG update on New wage code! 12 hours work-week, low salary, high PF --Know when it will be implemented
Once implemented, the new wage code will impact working hours, salary restructuring and PF contribution, encashing of Earned Leaves among the prominent ones.
Jul 19, 2022, 12:38 PM IST
New Wage Code to be implemented soon: 5 Key things salaried person needs to know about new Labour laws
The central government had notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.
Jul 06, 2022, 13:27 PM IST
New Wage Code: Key things that salaried employees need to know about new Labour laws
The central government had notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.
Jul 01, 2022, 09:39 AM IST
New Wage Code likely to be implemented from tomorrow: Office timings, salary, PF may change from July 1
The central government had notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.
Jun 30, 2022, 09:13 AM IST
New Wage Code from July 1 likely: 5 things that will impact salaried employees from next week
Here are five things that will be impacted once the New Wage Code is implemented from July 1.
Jun 29, 2022, 14:29 PM IST
New wage code from July 1: From Salary, PF to Leaves, check 5 things that are likely to change from next month
Here are five things that might change if the New Wage Code 2022 is implemented from July 1.
Jun 27, 2022, 15:55 PM IST
Understanding New wage code in 5 simple points, implementation likely from July 1 --Salary, PF, Leaves to be impacted
The central government had notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.
Jun 24, 2022, 11:46 AM IST
New wage code from July 1: Changes in Leave, reduced in-hand salary, higher PF, 12 hours work week likely from next month
The central government had notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.
Jun 21, 2022, 14:31 PM IST
Tata Sons Chairman N Chandrasekaran backs Centre's Agnipath recruitment scheme, says THIS
He joined other industry leaders like Mahindra Group Chairman Anand Mahindra, RPG Enterprises Chairman Harsh Goenka, Biocon Ltd Chairperson Kiran Mazumdar-Shaw and Apollo Hospitals Group Joint Managing Director Sangita Reddy who have come out in support of the Agnipath recruitment scheme.
Jun 21, 2022, 09:29 AM IST
Agnipath recruitment protests: Anand Mahindra makes big job announcement for Agniveers, says THIS
The Agnipath scheme, announced on June 14, provides for the recruitment of youths between the age bracket of 17-and-half years to 21 for only four years with a provision to retain 25 percent of them for 15 more years. Later the government extended the upper age limit to 23 years for recruitment in 2022.
Jun 20, 2022, 09:23 AM IST
Agnipath Recruitment Scheme: Agnipath Recruitment: Govt to give one-time SevaNidhi package of Rs 11.71 lakh, money exempt from Income Tax
The individuals, selected for enrolment in the Armed Forces as regular cadre, would be required to serve for a further engagement period of minimum 15 years and would be governed by the existing terms and conditions of service of Junior Commissioned Officers/Other Ranks in Indian Army and their equivalent in Indian Navy and Indian Air Force and that of Non Combatant enrolled in the Indian Air Force, as amended from time to time.
Jun 14, 2022, 15:22 PM IST
New wage code from July 1: 12 hours work-week, changes in Leaves, reduced in-hand salary, higher PF for employees
Once implemented, the new wage code will impact working hours, salary restructuring and PF contribution, encashing of Earned Leaves among the prominent ones.
Jun 14, 2022, 09:52 AM IST
More earned leaves, 12 hours working, Salary and PF factor-- New changes may kick in from July 1
Among the prominent takeaway from the the new wage code --once implemented -- is its impact on working hours, salary restructuring and PF contribution, encashing of Earned Leaves among the prominent ones.
Apr 27, 2022, 12:50 PM IST
