GOI Approved Unified Pension Scheme for Central Government Employees
On August 24, 2024, the Cabinet gave the green light to introduce the Unified Pension Scheme (UPS), a reform intended to benefit around 23 lakh...
Tag : gratuity payments
The Ultimate Guide to Understanding CTC in Salary: Full Form Calculation, Inclusions, Real-life Example, and More
Introduction And Meaning Of CTC Cost to Company” (CTC) incorporates the employee’s salary package. CTC includes all components, such as basic pay reimbursements, various allowances...
Understanding Gratuity: Eligibility Rules and Minimum Years Required for Gratuity Law
What is Gratuity? The rules of Gratuity payment are governed by the Payment of Gratuity Act 1972 in India. Gratuity is an amount paid by...
MakeMyTrip to Lay off 10% of its Workforce as Revenues Hit
Online travel aggregator MakeMyTrip (MMT) will lay off around 350 employees, comprising 10% of the workforce, citing slowdown in the business due to global travel restrictions to...