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The Government on Friday consolidated 29 labour laws into four comprehensive Labour Codes. The four Labour Codes include the Code on Wages, the Industrial Relations Code, the Code on Social Security and the Occupational Safety, Health and Working Conditions Code. The reform streamlines compliance, modernizes outdated provisions and safeguards the rights and welfare of workers….
Hindi News Business Four New Labour Codes Implemented In India: Fitness Test For Old Vehicles Up To 10 Times More Expensive, Royal Enfield Reveals Flying Flea S6 Electric Bike At Motovers 2025 New Delhi36 minutes ago copy link Yesterday’s big news was related to Byju’s founder Byju Raveendran. The American court has imposed a fine…
New Delhi: The Department of Pension & Pensioner’s Welfare (DoPPW) under the Ministry of Personnel, PG & Pensions has issued Office Memorandum regarding Pension/Service Gratuity under Rule 44 of the Central Civil Services (Pension) Rules 2021 in case of Compulsory Retirement. In the OM, the DoPPW clarified the provisions regarding compulsory retirement pension are envisaged…
The government had last year enhanced the maximum limit of the gratuity from Rs 20 lakhs to Rs 25 lakhs for the central government civilian employees covered under Central Civil Services (Pension) Rules, 2021 and the Central Civil Services (Payment of Gratuity under National Pension System) Rules, 2021. Source link [ad_3]
Gratuity is a payment made by an employer to an employee as a token of appreciation for his/her long service within the same organisation for at least a period of 5 years. Significantly, any service duration of 6 months and above is considered to be a full year. Organisations with 10 or more workers need…
Gratuity Calculation: The number of years and the last-drawn basic salary of an employee are used to calculate the gratuity amount. To your surprise, any service period of 6 months or more is rounded up to a full year. As per the Payment of Gratuity Act, 1972, organisations with 10 or more employees are mandated…