Wednesday, August 31, 2016

MINIMUM WAGE, BONUS CEILING HIKED

Center has  hiked the lowest wage for unskilled central government workers to Rs 350 a day from Rs 246. The increase will also be effective for central public sector undertakings.

The Payment of Bonus Act, 2015, doubled the statutory bonus paid to central government employees and made more workers eligible by raising the salary ceiling from Rs 10,000 a month to Rs 21,000. 

The Bill was to be effective from April 2015 but was made applicable from April 2014.


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