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The Payment of Gratuity Act, 1972 is an Indian law that makes companies pay a one-time gratuity to retiring employees or employees who resigns after a minimum of 5 years of service. The law applies to all companies of at least 10 employees. [1] The gratuity is 15 days' wages for every year of employee service, or partial year over six months.
Pension Fund Regulatory and Development Authority (PFRDA) is the regulatory body for overall supervision and regulation of pensions in India. [2] It operates under the jurisdiction of Ministry of Finance in the Government of India.
A gratuity (often called a tip) is a sum of money customarily given by a customer to certain service sector workers such as hospitality for the service they have performed, in addition to the basic price of the service.
Actor Robert Redford and his artist wife Sybille Szaggars Redford are selling their secluded home in Northern California, which sits on an unpaved cul de sac along the San Francisco Bay, for $4.15 ...
The Civil List Act 1972 allowed the Treasury to review the level of the payment every ten years, but only allowed for increases and not reductions. [ 8 ] The abolition of the Civil List was announced in the spending review statement to the House of Commons on 20 October 2010 by the Chancellor of the Exchequer , George Osborne .
If you're doing some last-minute Christmas shopping, here are all the shipping deadlines you need to know from UPS, USPS, FedEx, Amazon, Walmart, and more.
From July 2008 to December 2012, if you bought shares in companies when Bruce R. Chizen joined the board, and sold them when he left, you would have a 56.4 percent return on your investment, compared to a 11.0 percent return from the S&P 500.
A post-Christmas severe weather event put more than 10 million people at risk for damaging thunderstorms across part of the south-central United States. The area that was at risk for severe ...