All India Association of Postmasters & Supervisors

 

Productive Linked Bonus for the accounting Year 2015 -2016  Bonus orders issued by Department to all Heads of Circles today.Regarding the enhanced bonus of 7000 to Gramin Dak Sevaks for the financial year 2014-15 file referred to Ministry of Finance yesterday not cleared up to this time \

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi, has given its approval to pay Productivity Linked Bonus (PLB) equivalent to 78 days wages to eligible non-gazetted railway employees (excluding RPF/RPSF personnel) for the financial year 2015-16. The approval entails a financial implication of approximately Rs.2090.96 crore.  Payment of PLB would result in motivating a large number of railway employees to improve the performance of the Railways and enhance the productivity levels further besides maintaining industrial peace.  The payment of this Bonus to eligible Railway Employees will be made before Dussehra/Puja holidays.  ******* AKT/VBA/SH  (Release ID :151187)

Press Information Bureau Government of India Ministry of Labour & Employment 24-September-2016 10:35 IST  Understanding Minimum Wages and Bonus * Bandaru Dattatreya A minimum wage is the lowest remuneration that employers may legally pay to workers or it is the price floor below which workers may not sell their labour. The concept of minimum wages first evolved with reference to remuneration of workers in those industries where the level of wages was substantially low as compared to the wages for similar types of labour in other industries. As far back as 1928, the International Labour Conference of International Labour Organization, at Geneva, adopted a draft convention on minimum wages requiring the member countries to create and maintain a machinery whereby minimum rates of wages can be fixed for workers employed in industries in which no arrangements exist for the effective regulation of wages and where wages are exceptionally low. Also, at the Prep...

Type of Insurance Policy Rate of Bonus i.    Whole Life Assurance (WLA) Rs.65/- per thousand Sum Assured ii.   Endowment Assurance (Including Children Policy) Rs.50/- per thousand Sum Assured iii.    Anticipated Endowment Assurance (Including GY Policies) Rs.47/- per thousand Sum Assured iv.     Convertible Whole Life Assurance Whole life bonus rate would be applicable  but on conversion endowment bonus rate will be applicable.

BONUS ORDERS RELEASED FOR 60 DAYS ON RS.3500/- P.M. CEILING.  D.G. LR.NO.F-26-01/15-PAP DATED 07.10.2015.

BONUS (PLB) CEILING IS LIKELY TO INCREASE BY THE GOVERNMENT It is learnt that Government is considering to revise calculation ceiling from the present level of Rs. 3500/- per month to Rs. 7000/- per month or th minimum wages for the scheduled employment as fixed by the appropriate Government, whichever is higher.  Government has yet not fixed the minimum wages. It was also learnt that Government is going to fix the minimum wages at a level which is respectable.  Under this circumstances, on an average the calculation ceiling for the purpose of bonus would be Rs. 10000/- per month. 

PRODUCTIVITY LINKED BONUS(PLB) ORDERS ISSUED BY DEPARTMENT OF POSTS

GRANT OF NON-PRODUCTIVITY LINKED BONUS(AD-HOC BONUS) TO CENTRAL GOVERNMENT EMPLOYEES FOR THE YEAR 2013-2014 CLICK HERE TO VIEW FIN MIN CIRCULAR

NCJCM(STAFF SIDE) WRITES LETTER TO PRIME MINISTER TO REMOVE CEILING ON PAYMENT OF BONUS   CLICK ON BELOW LINK click here to view