English
Specials
    Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessCompaniesGovt retains rate of bonus in PSUs at last year's level

    Govt retains rate of bonus in PSUs at last year's level

    Puducherry governemnt today said said employees in the state government owned Public Sector Undertakings, Statutory Boards, Corporations, Cooperative Societies and autonomous bodies and institutions will be paid bonus and ex-gratia for Diwali this year at the same rate as was available in the previous year.

    November 09, 2012 / 22:34 IST

    Puducherry government today said employees in the state government owned Public Sector Undertakings, Statutory Boards, Corporations, Cooperative Societies and autonomous bodies and institutions will be paid bonus and ex-gratia for Diwali this year at the same rate as was available in the previous year.


    Chief Minister N Rangasamy said in a release today that a total of 9022 staff and employees would be benefitted by the bonus payment which would involve disbursement of Rs 7.60 crores for the managements of various undertakings here.


    In the meanwhile the Finance Department in a separate release stated that the corporations and other institutions should ensure that bonus and ex gratia did not exceed the maximum disbursement of Rs 11,000 per staff.

    first published: Nov 9, 2012 10:31 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347