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In India, gratuity is a type of retirement benefit. It is a payment made with the intent of monetarily helping an employee after his or her retirement. It was held by the Supreme Court of India in Indian Hume Pipe Co Ltd v Its Workmen that the general principle underlying a gratuity scheme is that by service over a long period the employee is entitled to claim a certain amount as a retirement ...
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]
Ajit Ninan (May 15, 1955 [1] – 8 September 2023) was an Indian political cartoonist, best known for drawing the Centrestage series of cartoons in India Today magazine and Ninan's World in the Times of India. Ajit Ninan was born to AM Mathew and Annie Mathew in Hyderabad. He did his MA in Political Science from Madras Christian College, Chennai.
An industry source said firms should honour overtime payment rules and abide by employment contracts, but said the services industry, particularly the IT industry, was feeling the impact of a ...
Government employees in the India are entitled to following benefits: [5] [6] Pension; Leave encashment; Gratuity on Death; Medical facilities under Union Government Health Scheme; Single male employees and female employees in the Union government are eligible for child care leave for 730 days. [7]
It is an act to provide for a scheme for the payment of gratuity to employees engaged in factories, mines, oilfields, ports, plantations, shops or other establishments and for matters connected therewith or incidental thereto. [100]
India Today (formerly Headlines Today) is a 24-hour English language television news channel based in Noida, Uttar Pradesh that carries news, current affairs and business programming in India. The channel is owned by TV Today Network Ltd , which is a part of Living Media .
India on Tuesday delayed the implementation of market share caps for a popular digital payments method by two years, a move that will benefit Google Pay and Walmart-backed PhonePe. According to ...