Live
- Per capita availability of fruits, vegetables increases in India
- FII buying reaches Rs 22,765 crore in Dec as economic growth stays resilient
- National Energy Conservation Day 2024: Date, Importance, and Easy Ways to Save Energy
- Gastronomic trouble: After 'disappearing' samosas Himachal CM in row over red jungle fowl
- Meaningful dialogue a priceless jewel of democracy: Jagdeep Dhankhar
- CM Revanth Reddy Advocates for Gurukuls as Talent Development Centers
- Zepto’s expenses surge over 71 pc in FY24, losses at Rs 1,248 crore
- Tim Southee matches Chris Gayle's six-hitting record in his farewell Test
- AP Mnister Ponguru Narayana Inspects Highway Connectivity Roads to Amaravati
- Reduced inflow: Water levels in Chembarambakkam, Poondi reservoirs drop
SCCL staff to get up to Rupees 1 lakh bonus
In what looks like a festival bonanza, the Singareni Collieries Company Limited (SCCL) will be crediting double bonus, comprising 25 % from the profits for 2016-17 (Rs 98.84 cr) and advance Diwali bonus (Rs 57 cr), as well as salaries in advance to its employees totaling upto Rs 1 lakh on Friday.
Hyderabad: In what looks like a festival bonanza, the Singareni Collieries Company Limited (SCCL) will be crediting double bonus, comprising 25 % from the profits for 2016-17 (Rs 98.84 cr) and advance Diwali bonus (Rs 57 cr), as well as salaries in advance to its employees totaling upto Rs 1 lakh on Friday.
According to the company’s chairman and MD, D Sridhar, the Diwali bonus (productivity-linked), which had been earmarked for October, would be provided to employees, along with the bonus for 2016-17, in accordance with the instructions of Chief Minister K Chandrasekhar Rao. “Each employee would be receiving between Rs 72,000 and Rs 77,000 as combined bonus,” the official said.
Apart from the bonus, all employees had already received salaries in advance. This means that each of the employees would receive around Rs 1 lakh for this festive season. The SCCL would be spending a total of Rs 554 crore towards payment of the employees’ double bonus and salaries in advance. “After formation of Telangana, the government hiked the percentage of bonus from 18 percent to 25 percent,” he mentioned.
