Wednesday, October 29, 2025
spot_img

TN govt gives Deepavali bonus to over 2.91 lakh employees

spot_img
- Advertisement -

PTI | The Tamil Nadu government on Monday announced Deepavali bonus to the tune of Rs 210.48 crore to the PSU employees in the state, despite a dip in the operating income of many companies due to non-operation of public transport and factories due to the COVID-19 lockdown. The move would benefit over 2.91 lakh employees, an official release here said.

Group ‘C’ and ‘D’ category workers and employees working in all profit/loss-making public sector undertakings will be given a bonus of 8.33 per cent and an ex-gratia of 1.67 per cent.

Eligible permanent workers will receive a bonus and ex- gratia of Rs. 8,400 each. The governments gesture will enable workers of PSUs to celebrate the festival in a dignified and special way, the release said. “The employees’ toil plays an important role in accelerating the countrys economic growth. It is through their hard work that the country is achieving excellent economic growth,” it said.

The implementation of the COVID19-induced lockdown across the country to reduce the impact of the virus has affected the functioning of all business entities, including state PSUs and statutory boards, the release said. Particularly the labor-intensive government agencies such as the Tamil Nadu State Transport Corporation, the Tamil Nadu Electricity Generating, and Distribution Corporation, Tamil Nadu Consumer Goods Corporation, the Tamil Nadu Tea Plantation Corporation, and several others have been affected.

Since the last six months, the operating income of the above companies has come down due to non-operation of public transport and factories.

“Despite this, all workers were paid full monthly wages in the interest of their families,” the release added.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

McDonald’s Franchises Fined by DOL for Hiring 10-year-old Kids

McDonald's Franchises are fined by DOL for hiring 10-year-old...

PM Internship Scheme: Companies to Top Up Stipend for Fair Pay

PM Internship Scheme is an ambitious initiative launched by...

Deloitte is Hiring for New Offices in India: Explore 11,000+ Jobs

Deloitte, a multinational professional services network company, is on...

Google Changes Salary Structure: What It Means for Employees

Google has announced significant changes to its salary structure,...

ONGC Head- HR Dr. Alka Mittal has been given additional charge of CMD

Union Petroleum & Natural Gas Minister, Hardeep Singh Puri...

Eicher Motors is hiring for various roles in India; Apply Now

An Indian multinational automotive company, Eicher Motors is hiring...

IEEMA has appointed Charu Mathur as Director-General

Industry body Indian Electrical and Electronics Manufacturers' Association or IEEMA...

Paid Data Scientist Internship, ₹10,000 stipend, Apply by Aug 30

AICTE, in partnership with Infexial Software Solutions Private Limited,...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/