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TN State Govt declares 10% bonus for all public sector employees!
Posted on: 03/Nov/2020 11:50:35 AM
The State Government of Tami Nadu has announced a 10% bonus for all the public sector employees.
In a notification released by the State Government of Tamil Nadu in this regard, it is mentioned:
As per the revised Bonus Act, the maximum bonus amount has been increased to Rs. 21000/-,
Accordingly, the maximum monthly salary based on which the bonus has to be calculated has also been revised upwards to Rs. 7000/-.
Based on the above, the employees of all the public sector organisations (whether they made a profit or loss) working in the cadre of C or D grade and others will be given an 8.33% bonus and an ex-gratia payment of 1.67%,
Who will benefit?!
With this announcement, a public sector permanent employees will be getting a bonus of Rs. 8400/-,
As such, a total of Rs. 210.48 Crores will be dispersed as a bonus by the State Government of Tamil Nadu to 291975 public sector employees.
This announcement of Deepavali bonus to the public sector employees will facilitate them to celebrate the hugely popular Deepavali festival with their families!
Havoc played by the coronavirus pandemic
Almost all the countries have been affected hugely by the havoc played by the raging coronavirus pandemic both the economic & trading fronts as well as the lifeline of the citizens! As the lockdown conditions were imposed as a preventive measure to prevent/contain the raging coronavirus spread, the functioning of all the public sector undertakings in al the states and the central government have been largely affected!
Especially, as regards the State of Tami |Nadu, the Transport Corporations, the Electricity Board (TANGEDCO), Consumer Trading Corporations, the Tea Estates, and several other undertakings have been hugely affected! To be specific, as public transport did not function over the last 6 months and the various industrial organisations not functioning to their fullest capacity, the revenue (income) had reduced by a very large margin!
Nevertheless, considering the welfare of the families of the employees, all the employees have been paid their due monthly salaries in full. In this regard the State Government of Tamil Nadu has announced that the above 10% bonus has been declared even though even the profit-making public sector undertakings need to encounter this excess expenditure.
No more cancellation of salary-related issues
Due to the rampaging impact of the coronavirus pandemic, certain salary-related issues such as the increase in Dearness Allowance (DA), etc., were cancelled by the state government for the current financial year (2020-21). Further, the State Government of |Tamil Nadu had to undertake the other expense-saving major activities such as the recruitment of new employees, increasing the retirement age from 58 to 59, etc.
As more relaxations have been gradually announced during the subsequent lockdowns, the economy of the state has already shown indications of returning to a normal healthy level. The indications of the return to a normal level of the state economy can be confirmed through the fact that the percentage (%) growth recorded by the State Department of Registration (of properties). Further, a substantial increase has been recorded by the GST (Goods and Services Tax).
As such, the Department of Finance of the State Government of |Tamil |Nadu has decided that there will not be any need to undertake cost-cutting exercises due to the corona-induced lockdown situations.
Due to all above factor, the state government public sector employees have been given a 10% bonus. As it can be positively expected that the State Economy will reach normal levels, the public sector employees hope that the various allowances and other related issues will be given back!
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