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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]
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]
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 ...
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.
Or the customer says how much he will pay in total, including the tip: thus if the basic price is €10.50, the customer might, rather generously but not unusually, say zwölf ("twelve"), pay with a €20 note and get €8 in change. When paying a small amount, it is common to round up to the nearest euro (e.g. €1.80 to €2.00).
In the hunt: Atlanta Falcons (8-8). The Eagles and Rams are the only teams locked into their seeds. Week 18 results could change the rest of the standings. The Bills will be the No. 2 seed ...
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 ...