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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.
As of 4th June 2024 NDA have government in 19 States and 1 Union Territories. INDIA bloc have government in 8 States and 2 union Territories. Other one party ZPM , which is not part of any alliance has government in Mizoram state.
The worker appealed to the labour court, pleading that his dismissal was unfair under Indian Labour laws. The labour court sided with the worker, directed he be reinstated, with 50% back wages. The case went through several rounds of appeal and up through India's court system. After 22 years, the Supreme Court of India upheld his dismissal in 2005.
The bill received assent from President Ram Nath Kovind on 8 August, and was notified in The Gazette of India on the same date. [8] The Union Ministry of Labour issued draft rules under section 67 of the Act on 7 July 2020 in the Gazette. The draft rules remained open for public feedback for 45 days and are expected to come into force soon. [9]
2–3 July – 2024 India-Bangladesh floods: At least sixteen people are killed by floods and landslides in Assam and Arunachal Pradesh, while over 300,000 more are displaced. [101] [102] 5 July – A victory parade is held in Mumbai by the Indian cricket team following their victory in the 2024 ICC Men's T20 World Cup. [103] [104]
Arias said the evolving political landscape in Syria offered an opportunity for the organisation to finally obtain clarifications on the full extent and scope of the Syrian chemical weapons ...
The IRS increased the limit for QCDs in 2024 to $105,000, up from $100,000 previously. Note that this rule only applies to IRAs. Any savings in a defined contribution plan like a 401(k) is still ...
The 2024 Union Budget of India [1] (ISO: 2024 Ke liye Bhārat Kā Saṅghīya Bajaṭ) was presented by Finance Minister, Nirmala Sitharaman on 23 July 2024. This was the first budget of Narendra Modi led NDA government 's third term .