Paternity Leave to Bank Employees

Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha has confirmed that 15 days of Paternity Leave would be available to bank employees as accepted under the 10th Wage Negotiation Settlement signed between Indian Banks’ Association (IBA) and the Unions/Associations of employees Male Bank Employees eligible for 15 days Paternity leave as accepted under the 10th Bank Wage Negotiation Settlement – Minister of Finance confirms in Lok Sabha. Shri Jayant Sinha, Minister of State in the...

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Productivity linked Bonus all Railway Employees: Amendment to payment of Bonus Act, 1965

Government has recently passed the bill for revision of Bonus calculation from Rs. 3500/- to Rs.7000/- and the eligibility ceiling to Rs. 21,000 with effect from 01.04.2014 – As Railway Employees are entitled to Productivity linked Bonus all Railway Unions are pressing the Govt for grant of arrears of bonus for the financial year 2014-15 Revision of wage calculation limit from Rs. 3500/- p.m. to Rs. 7000/- p.m. with effect from 01/04/2014 – Amendment to payment of Bonus Act, 1965 National Federation of Indian Railwaymen writes to Minister...

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7th CPC recommendations and Charter of Demands — Reg

7th CPC recommendations and Charter of Demands — Reg NJCA National Joint Council of Action 4, State Entry Road, New Delhi — 110055 No.NJC/2016/7th CPC March 7, 2016 To Cabinet Secretary, Government of India & Chairman, National Council/JCM Subject:- 7th CPC recommendations and Charter of Demands — Reg. Dear Sir Kindly refer to the NJCA letter dated 10th December 2015 conveying you the decision of the National Joint Council of Action to go on indefinite strike in pursuance of the Charter of demands submitted there-with, if no...

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EPF Tax Withdrawn – How the Controversy Rendered NPS more Attractive

Under NPS, only 60 per cent of the corpus can be withdrawn as lump sum. Now, there is no tax on the 40 per cent. And if the person decides to invest the remaining 20 per cent also in annuity, there would be no tax on withdrawal. EPF Tax Withdrawn – How the Controversy Rendered NPS more Attractive – Finance minister Arun Jaitley on Tuesday withdrew the controversial tax on employees provident fund after the middle class outrage threatened to synge the government badly. Finance minister Arun Jaitley on Tuesday withdrew the controversial tax on...

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