Diwali Bonus for Tamil Nadu State Government Employees 2019

Diwali Bonus for Tamil Nadu State Government Employees 2019

Diwali Bonus for Tamil Nadu State Government (PSU) Public Sector Undertakings Employees 2019

By a press release dated 15 October 2019 the State Government of Tamil Nadu has confirmed the 2018-19 Diwali Bonus.

The bonus pay limit is Rs. 21000, according to the press release. The monthly incentive estimate salary limit is Rs. 7000. The maximum amount of Rs 16800 and Rs 8400 is the minimum salaries for workers in the public sector.

All qualifying PSU employees receive a 20 percent bonus and other PSU employees also receive a bonus of 10 percent. TNEB and TNSTC worker and Staff will receive a bonus of 8.33% with an ex gratia of 11.67%, a maximum bonus of 20% for 2018-19.

History behind the Diwali Bonus: What is Diwali Bonus?

History behind the Diwali Bonus: What is Diwali Bonus?

What is Diwali Bonus? 
Initially there was a concept of salary to be paid on a weekly basis to the workers in India, particularly the textile and flour mill workers in Bombay.

So you received 52 salaries in a year.
But when British started ruling India they came up with concept of Monthly salary which meant you were getting paid for 48 weeks only.

So if we have 4 weeks in a month, 13 salaries should have been distributed but as per a monthly structure they were giving only 12 salaries in a year.

When people realized that this was a loss to them in terms of one salary many protest rallies were organised in Maharashtra during 1930-1940.
The British then came up with a solution to this problem. 

After discussion with labour leaders about how to distribute this 13th salary and they decided Diwali being the biggest festival of India, they would distribute this 13th salary during Diwali. Today this is called the Diwali Bonus. This was implemented from 30th June 1940. Many don't know the history behind the Diwali Bonus and hence this post.⁠⁠⁠⁠

Courtesy : PA Legacy

DA Hiked by 6 Percent : Diwali Gift for Maharashtra Government Employees

DA Hiked by 6 Percent : Diwali Gift for Maharashtra Government Employees

Maharashtra Finance Minister Sudhir Mungantiwar

Mumbai: The Maharashtra government today decided to hike the Dearness Allowance (DA) of state government employees by six per cent with effect from January 1, 2015.

The DA is now 113 per cent from the existing 107 per cent.

DA is calculated on total of basic pay and grade pay.

Finance Minister Sudhir Mungantiwar said the arrears would be given from October 1, 2015. Separate orders would be issued for payment of arrears from January 1, 2015 to September 30, 2015.

He said the decision was government’s Diwali gift to the employees. The decision will benefit 18 lakh officials and employees as well as 6.5 lakh pensioners.

PTI