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The Payment of Gratuity Act, 1972 is an Indian law that makes companies pay a one-time gratuity to retiring employees or employees who resigns after a minimum of 5 years of service. The law applies to all companies of at least 10 employees. [1] The gratuity is 15 days' wages for every year of employee service, or partial year over six months.
The eligibility criteria were relaxed in 1947 to also allow the award of the medal to officers who had served a minimum period in the ranks before being commissioned. [ 1 ] [ 2 ] [ 3 ] Since 2016, the eligibility was widened to include officers who had never served in the ranks, and so the medal can now be awarded to all regular members of the ...
The National Defense Authorization Act for Fiscal Year 2024 (NDAA 2024) is a United States federal law which specifies the budget, expenditures, and policies of the U.S. Department of Defense (DOD) for fiscal year 2024.
The Payment of Gratuity Act 1972 applies to establishments with 10 or more workers. Gratuity is payable to the employee if he or she resigns or retires. The Indian government mandates that this payment be at the rate of 15 days salary of the employee for each completed year of service subject to a maximum of ₹ 2000000. [24]
The concept of tipping, or gratuity, has been around for generations. Back in the Middle Ages, tipping was a custom practiced by Europeans. Basically, masters would tip their servants for excellent...
Long Service and Good Conduct Medal is a service medal awarded to personnel in various branches of the armed forces of the United Kingdom and the territories that are or were at some point a part of the British Empire or Commonwealth of Nations.
Along with the medal, a recipient was paid a gratuity of £15 for petty officers or sergeants Royal Marines, and £5 for seamen and marines. [ 1 ] [ 6 ] [ 7 ] As a result of the quota system for award, only a small number of medals could be awarded each time a ship was decommissioned.
The Army Long Service and Good Conduct Medal was instituted by King William IV in 1830. The medal remained in use for 100 years, until it was replaced by the Medal for Long Service and Good Conduct (Military) in 1930.