Labour, Jobs and Employment – Harmonization of labour laws, gender gap, unemployment, etc.

Bonus Act notified

  1. The Union govt has notified the Payment of Bonus (Amendment) Act, 2015.
  2. It will allow lakhs of workers to become eligible to bonus retrospectively from the last financial year.
  3. The decision has enthused workers, but the industry is unhappy and it has written to the govt suggesting ways to simplify bonus distribution.
  4. It says that the new Act will lead to financial stress, especially on small and medium enterprises.
  1. The Union govt has notified the Payment of Bonus (Amendment) Act, 2015.
  2. It will allow lakhs of workers to become eligible to bonus retrospectively from the last financial year.
  3. The decision has enthused workers, but the industry is unhappy and it has written to the govt suggesting ways to simplify bonus distribution.
  4. It says that the new Act will lead to financial stress, especially on small and medium enterprises.
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