Posts Tagged ‘festival bonus’

Pongal Bonus 2017 for Tamilnadu Government Employees and Teachers

Pongal Bonus 2017 for Tamilnadu Government Employees and Teachers

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

Stay updated on the go with CENTRAL GOVERNMENT NEWS App. Click here to download it for your device.

Be the first to comment - What do you think?  Posted by admin - January 11, 2017 at 5:52 pm

Categories: Bonus   Tags: , , , , ,

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

Be the first to comment - What do you think?  Posted by admin - October 24, 2016 at 8:07 am

Categories: Bonus   Tags: ,

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

Be the first to comment - What do you think?  Posted by admin - October 11, 2015 at 11:54 am

Categories: Bonus, Employees News   Tags: , , , , , , ,

60 Days Bonus for Postal Employees – Orders issued by Department of Posts

60 Days Bonus for Postal Employees – Orders issued by Department of Posts

F.No.26-04/2014-PAP
Government of India
Ministry of Communication & Information Technology
Department of Posts,
(Establishment Division)

No. 26-04/2014-PAP

Dak Bhawan, Sensed Marg,
New Delhi – 110001

Dated: 19th September, 2014

1. All Chief Postmasters General
1 All Postmasters General
3.Deputy Director General (PAP), Department of Posts
4.All General Managers (Finance)
5.Directors/Deputy Directors of Accounts (Postal)
6. Director, RAKNPA/Directors of All PTCs

SUB: Productivity Linked Bonus for the Accounting year 2013-14.

Sir/Madam,

The undersigned is directed to convey the sanction of the President of India to the payment of Productivity Linked Bonus for the accounting year 2013-14 equivalent of emoluments of 60 (sixty) Days to the employees of Department of Posts in Group `D/MTS, Group ‘C’ and non-gazetted Group ‘B’. Ex-Gratia payment of bonus to Gramin Dak Sevaks who are regularly appointed after observing all appointment formalities, and Ad-hoc payment of bonus to Casual labourers who have been conferred Temporary Status are also to be paid equivalent to allowances / wages respectively for 60 (sixty) Days for the same period.

1.1 The calculation for the purpose of payment of bonus under each category will be done as indicated below.

2, REGULAR EMPLOYEES

2.1 Bonus will be calculated on the basis of the following formula: –

 Average emoluments X Number of days of bonus
————————————————————————————
30.4 (average no of days in a month)

 

Source : NFPE

Be the first to comment - What do you think?  Posted by admin - September 22, 2014 at 5:13 pm

Categories: Bonus, Employees News, Latest News, Postal Department   Tags: , , , , , ,