Prime Minister Narendra Modi today said the government will bring to Parliament a bill to amend the Bonus Act with a view to enhance the benefits for the working class.
"We are going to bring an important (bill) in this House (to amend) Bonus Act...The Cabinet has already approved it. This is a very important bill for our workers. We are taking decisions and working for welfare of the labour class," Modi said while replying to a two-day long debate in the Lok Sabha to commemorate the Constitution Day and the 125th birth anniversary of Dr B R Ambedkar.
The Cabinet had earlier decided to double the wage ceiling for calculating bonus to Rs 7,000 per month for factory workers and establishments with 20 or more workers.
The bill also seeks to enhance the eligibility limit for payment of bonus from the salary or wage of an employee from Rs 10,000 per month to Rs 21,000.
(Courtesy: www.fnpo.org)
"We are going to bring an important (bill) in this House (to amend) Bonus Act...The Cabinet has already approved it. This is a very important bill for our workers. We are taking decisions and working for welfare of the labour class," Modi said while replying to a two-day long debate in the Lok Sabha to commemorate the Constitution Day and the 125th birth anniversary of Dr B R Ambedkar.
The Cabinet had earlier decided to double the wage ceiling for calculating bonus to Rs 7,000 per month for factory workers and establishments with 20 or more workers.
The bill also seeks to enhance the eligibility limit for payment of bonus from the salary or wage of an employee from Rs 10,000 per month to Rs 21,000.
(Courtesy: www.fnpo.org)
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