• Home
  • Salary Calculator
  • 7th Pay Commission News
  • DA News
  • OROP
  • DOPT Orders
  • Pension
  • PIB

Govtstaffnews

CENTRAL GOVERNMENT EMPLOYEES NEWS

  • Expected DA
  • Railways
  • Ministry of Finance
  • AICPIN
  • Press Release
  • NPS
  • CGHS
  • State Government News

The Lok Sabha passes Bonus Bill – Bonus benefits to accrue from April 2014

December 29, 2015 By govtstaffnews.in Leave a Comment

The Lok Sabha passes Bonus Bill – Bonus benefits to accrue from April 2014

The Lok Sabha on Tuesday passed a bill allowing doubling of wage ceiling for calculating bonus to Rs 7,000 per month for factory workers with establishments with 20 or more workers, with the benefits being applicable retrospectively from April 2014.

The Payment of Bonus (Amendment) Bill, 2015, was passed by a voice vote, with some members objecting to the raising of eligibility limit for payment of bonus from a salary of Rs 10,000 per month to Rs 21,000.

Replying to a debate on the legislation, Labour Minister Bandaru Dattatreya said the Government has ensured that the interest of workers are protected and there is no infringement on their justifys.

“Because of Bihar Elections this bill got delayed… The Prime Minister spoke to me and asked why should the benefits of this Act should accrue to workers from 2015. It should be made available from the April 2014,” he said while moving an official amendment to the Bill.

The official amendment provides that the benefits of the Act would be deemed to have come into force on April 1, 2014, instead of April 1, 2015.

Dattatreya said the Ministry has held 21 tripartite meetings with all central trade unions while arriving at a decision.

The Bill provides for enhancing monthly bonus calculation ceiling to Rs 7,000 per month from the existing Rs 3,500.

It also seeks to enhance the eligibility limit for payment of bonus from Rs 10,000 per month to Rs 21,000 per month.

“The Government’s paramount intention is to safeguard the interest of workers… There is no infringement of workers’ justifys and whatever the government does will be in the interest of workers,” Dattatreya said.

After the bill was passed, Deputy Speaker M Thambidurai, who was in the Chair, said the government should be congratulated for bringing the measure as also for effecting the benefits retrospectively.

Source: DDI News

  • Was this Helpful ?
  • Yes   No

Related Posts:

  • Payment of salary to employees during the lockdown period…
  • AICPIN for April 2020 – Press Release PDF Download
  • Issue of Passes to the Officers and Employees of Board’s…
  • Regularization of absence period of officers / staff due to…
  • Holiday for all Central Government offices on 14th April…
  • Reimbursement of OPD Medicines - Special sanction in view of…
  • Clarification on payment of stipend to apprentices - MSDE
  • Insurance cover of Rs. 50 lakh per person for health worker…
  • AICPIN for February 2020 - Labour Bureau Press Release
  • GPF Interest at the rate of 7.1 Percent from 1st April 2020

Filed Under: Bonus Tagged With: Bonus, Bonus Bill, The Lok Sabha passes Bonus Bill

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

EMAIL NEWSLETTER

Reservation

What is Horizontal Reservation ?


What is Vertical Reservation ?

Latest News

DoPT Clarification dated 28-07-2020 : Regularization of absence during COVID 19 lockdown period

Grant of annual increment due on 1st July to the employees retiring on 30th June of the year

Delhi High Court Dismisses Plea against Freezing of DA and DR

Stepping up of pay of senior Assistants of CSS drawing less pay on promotion

Red Cross offering Engagement opportunities to retired Officers

More Latest News

DOPT Orders

Stepping up of pay of senior Assistants of CSS drawing less pay on promotion

Extension of tenure of officers appointed under the Central Staffing Scheme or through CSB procedure

iGOT (Integrated Govt. Online Training) courses on DIKSHA on COVID-19

Preventive measures for COVID-19 for PSUs and Financial Institutions

DOPT Order – Retirement of Government Servants on 31st March,2020

More DOPT Orders

PIB

Raksha Mantri Shri Rajnath Singh approves abolition of 9304 posts in Military Engineering Service

Special Ex-gratia Compensation Scheme for FCI Employees

1.37 Lakh EPF withdrawal claims to fight Covid-19 in less than 10 days

Income Tax to release all pending income tax refunds up to Rs 5 lakhs Immediately

‘Aadhaar’ will now be accepted as valid proof of date of birth in PF Records

More News

Ministry of Finance

No Hike in Dearness Allowance and Dearness Relief till July 2021

GPF Interest at the rate of 7.1 Percent from 1st April 2020

Submission of Form 15G and 15H for Financial Year 2020-21 – CBDT Clarification

Revision of interest rates for Small Savings Schemes – Ministry of Finance

Budget Allocation under Grant No.37 – Pensions for 2020-21

More News

CGHS

Extension of Validity of CGHS Card till 31st July 2020

CGHS Card validity extended till 30th April 2020 in view of the COVID-19

Reimbursement of OPD medicines to CS (MA) beneficiaries

Extension of Validity of CGHS Card in view of COVID-19

Validity period of empanelment of CGHS Health Care Organizations

More News

Copyright © 2017 - Central Government Employees News