According to Section 31 of the Code on Wages, 2019, what percentage of the available surplus is allocated for bonus in the case of a banking company?
As per Section 31- (1) The bonus shall be paid out of the allocable surplus which shall be an amount equal to sixty per cent. in case of a banking company and sixty-seven per cent. in case of other establishment, of the available surplus and the available surplus shall be the amount calculated in accordance with section 33. (2) Audited accounts of companies shall not normally be questioned. (3) Where there is any dispute regarding the quantum of bonus, the authority notified by the appropriate Government having jurisdiction may call upon the employer to produce the balance sheet before it, but the authority shall not disclose any information contained in the balance sheet unless agreed to by the employer.
According to an analysis from the Global Carbon Project compiled by World Resources Institute, India’s per person emissions have gone up by _______ si...
The PM Matsya Sampada Yojana sub-scheme aims to enable activities of:
Which swimmer has set a new national record in the backstroke event at the National Swimming Championships?
Which initiative did the World Bank launch in 2024 to support sustainable agriculture in sub-Saharan Africa?
What is a bull market means?
Which payment bank has partnered with IndusInd bank to facilitate its Fixed Deposit?
The Ministry of Skill Development launched the Skill India Digital (SID) platform that aims to skill nearly 260 million students in school and higher ed...
Indian Railways to become Net Zero Carbon Emitter by which of the following year?
JSW Cement, a part of the $23 billion JSW Group, has signed a Sustainability Linked Loan (SLL) agreement to raise ______from BNP Paribas Singapore in or...
What is the name of the fifth Kalvari class submarine inducted into the Indian Navy?