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The formula for calculating gratuity for non-government employees covered by the Payment of Gratuity Act is: Gratuity = 15 * Last drawn salary * Number of years of service / 26 Where, Last drawn salary is the average salary of the employee for the last 12 months of service. Number of years of service is the total number of years of service with the employer. 26 is the number of days in a month. Therefore, 15 days salary is to be computed by dividing the monthly salary by 26.
Right of Children to Free and Compulsory Education Act was a watershed moment in India’s history as it ensured full time eleme...
Which of the following is/are the correct conditions for receiving Second Instalment under the Pradhan Mantri Matru Vandana Yojana (PMMVY)?
I- C...
ONORC has been implemented in how many States and UTs as on February 2022?
The SIGHT Programme under the National Green Hydrogen Mission (NGHM) focuses on which sector?
What is the primary reason for the expansion of BRICS membership to include new countries?
SBM-U, SBM 2.0 was launched in 2021, committing to making all cities 'Garbage Free', while maintaining ODF status urban local bodies (ULB). 5% of outlay...
Prevention of Money Laundering Act, 2002 came into force with effect from?
Consider the following statements in context of Public-Private Partnership (PPP) models:
I. PPP is an arrangement between government and private ...
Recently the Government of Gujarat signed an MoU of ___________ with Vedanta-Foxconn Group for the manufacture of semiconductor and display fab.
Which of the following is a component of the RAMP Scheme?