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

Law to increase workers’ bonus faces fresh hurdles

  1. Context: The Payments of Bonus Act of 2015 has hit an embarrassing roadblock with High Courts in eight states staying the payment of such benefits
  2. It is considered as Govt’s attempt to appease the working class by paying higher bonus, with retrospective effect from April 2014
  3. Act: Was passed by Parliament in December 2015 and notified on January 1
  4. It doubled the statutory bonus paid to employees and made more workers eligible for bonus by raising the salary ceiling under the law from Rs.10,000 to Rs.21,000 a month
  5. Why stay? Industry bodies had approached the courts because retro-active amendments would be very difficult for employers
  1. Context: The Payments of Bonus Act of 2015 has hit an embarrassing roadblock with High Courts in eight states staying the payment of such benefits
  2. It is considered as Govt’s attempt to appease the working class by paying higher bonus, with retrospective effect from April 2014
  3. Act: Was passed by Parliament in December 2015 and notified on January 1
  4. It doubled the statutory bonus paid to employees and made more workers eligible for bonus by raising the salary ceiling under the law from Rs.10,000 to Rs.21,000 a month
  5. Why stay? Industry bodies had approached the courts because retro-active amendments would be very difficult for employers
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