+5 Others
THE PAYMENT OF GRATUITY (AMENDMENT) BILL, 2012
STATEMENT OF OBJECTS AND REASONS
The sub-section (2) of Section 4 of the Payment of Gratuity Act, 1972 provides
for payment of gratuity to the employees at the rate of fifteen days’ wages based on
the rate of wages last drawn for every completed year of service. In today’s world of
high prices and inflation, the gratuity of fifteen days wages for every completed year
is too meager. At such a small rate, a person cannot get enough amount for post
retirement settlement. It should therefore be atleast at the rate of thirty days’ salary
for every completed year of service.
From India, Delhi
STATEMENT OF OBJECTS AND REASONS
The sub-section (2) of Section 4 of the Payment of Gratuity Act, 1972 provides
for payment of gratuity to the employees at the rate of fifteen days’ wages based on
the rate of wages last drawn for every completed year of service. In today’s world of
high prices and inflation, the gratuity of fifteen days wages for every completed year
is too meager. At such a small rate, a person cannot get enough amount for post
retirement settlement. It should therefore be atleast at the rate of thirty days’ salary
for every completed year of service.
From India, Delhi
Dear all This is welcome step. Lets have close watch and notify all members as and when this bill is passed in parliament.
From India, Delhi
From India, Delhi
Dear all, I Hope Parliament passes this bill soon so that it will benefit many employees serving in the organization in this age of inflation. Regards, Suresh
From India, Bangalore
From India, Bangalore
Dear All
The proposed bill is under consideration with the Parliament and it will be applicable only in the case of approval from both the Houses of Parliament of India. Lets see what happen with the bill ? Lot of other bill like amendment in PF Act, Factories Act and BOCW Act are also pending with both the houses.
Thanks
Regards
From India, Mumbai
The proposed bill is under consideration with the Parliament and it will be applicable only in the case of approval from both the Houses of Parliament of India. Lets see what happen with the bill ? Lot of other bill like amendment in PF Act, Factories Act and BOCW Act are also pending with both the houses.
Thanks
Regards
From India, Mumbai
these bills are pending for approval from parliament, hope these will passed soon, so that each can take benefit of such bills regards pardeep sharma
From India, Mumbai
From India, Mumbai
Let’s Hope these Gratuity bill should passed soon in parliament, so that each can take benefit at the time of leavng company, if total services if more then five years. regards .Manmohan
From Singapore, Singapore
From Singapore, Singapore
Good contribution. Although same is yet to be passed houses of parliament however it adds to our updates on efforts towards welfare of service class.
From India, Gurgaon
From India, Gurgaon
any thing in favour of members of parliament/legislators of assemblies is passed within a friction of seconds. Because it is their birth right.They are the law makers.When the question comes for giving the benefits to the poor citizens of this country , these leaders /MPs/MLAs make false promises and keep the poor masses waiting for the next election just to hear them that if they are re-elected the the promises would be fulfilled. Don't hope for the better.
RLDhingra Advocate
Labour law Consultant Delhi,
9818309937
email:[email protected]
From India, Delhi
RLDhingra Advocate
Labour law Consultant Delhi,
9818309937
email:[email protected]
From India, Delhi
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#Subject List: payment of gratuity City-India-Delhi bocw act labour commissioner payment of gratuity act high court factories act factory act pf act gratuity act Country-India
Payment-of-Grat uity-Amendment- Bill-2010.pdf
