On 12th September ,2017 the cabinet approved introduction of certain bills and MoU’s for the socio- economic welfare of the people residing within it.
The cabinet approves the introduction of the Payment of Gratuity (Amendment) Bill, 2017 in the Parliament
This amendment will be beneficial for persons who are not covered under CCS (Pension) Rules, at par with Central Government employees. This Amendment will increase the maximum limit of gratuity of employees, in the private sector and in Public Sector Undertakings/ Autonomous Organizations under Government of India.
Why this amendment ?
Before implementation of 7th Central Pay Commission, the ceiling under CCS (Pension) Rules, 1972 was Rs. 10 Lakh, After the implementation of 7th Pay Commission, for Government servants, the ceiling now is Rs. 20 Lakhs .Therefore, considering the inflation and wage increase for the employees engaged in private sector, the Government viewed that the ceiling of gratuity should be revised for employees who are covered under the Payment of Gratuity Act, 1972.
The Cabinet Committee on Economic Affairs approves development of six laning of Narasannapeta-Ranastalam section of National Highway (NH) – 16 in Andhra Pradesh