Showing posts with label festival Bonus. Show all posts
Showing posts with label festival Bonus. Show all posts

Saturday, 14 January 2017

Pongal Bonus 2017 for Tamilnadu Government Employees and Teachers


Pongal Bonus 2017 for Tamilnadu Government Employees and Teachers

Pongal-Bonus-2017-Tamilnadu-Government-Employees


Announcement of Pongal Festival Bonus to the employees working under TN State Government for the year 2017.

The State government of Tamil Nadu on Wednesday announced Pongal bonus for its employees, teachers and pensioners. This will incur an additional expense of Rs. 325.20 crore to the government.
According to the announcement made by the Chief Minister O.Panneerselvam, government employees and teachers in 'C' and 'D' Groups will get bonus equal to 30 days salary with a ceiling of Rs. 3,000.
The officers and teachers belonging to the 'A' and 'B' categories, will receive a special bonus of Rs. 1,000. Pensioners, family pensioners and retired village officers will get Rs. 500 as Pongal gift.

Read More: http://cms.tn.gov.in

Monday, 24 October 2016

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

Sunday, 11 October 2015

Central Government Employees Likely To Get 30-Day Bonus in Festive Season

Central Government Employees Likely To Get 30-Day Bonus in Festive Season

New Delhi: Ahead of the festival season, the government is likely to give an ad-hoc bonus of up to Rs 3,500 to Group C central government employees and personnel of the armed and para military forces.


The government may sanction grant of non-productivity linked bonus (ad-hoc bonus) equivalent to 30 days emoluments for the accounting year 2015-16 to the central government employees (Group C) and the notification in this regad will be issued next week, a senior official of Finance Ministry said.


“Since the election code of conduct for Bihar Assembly polls is in force, but announcement of bonus a routine administrative matter for which permission of the Election Commission not required to go ahead with,” he added.


“The limit for bonus is Rs 3,500,and the bonus will also be given to all non-gazetted employees in Group B, who are not covered by any productivity- linked bonus scheme,” he also told us.


The payment will also be admissible to the central Police and para-military personnel and personnel of armed forces.

Employees of the Union Territory Administration, which follows the central government pattern of emoluments and not covered by any other bonus or ex-gratia scheme would also be eligible for this ad-hoc bonus.

The expenditure incurred on this account will be debitable to the respective heads to which the pay and allowances of these employees are debited, the Finance Ministry official said.

TST

Flash News

DA Jan 2022 - Grant of Dearness Allowance to Central Government employees - Revised Rates effective from 01.01.2022

 3% DA Hike - Revised Rates effective from 01.01.2022: DoE OM dated 31.03.2022 No. 1/2/2022-E-II (B) Government of India Ministry of Finance...