Uttar Pradesh Government to Give Rs 7000 Diwali Bonus to 14 Lakh Govt Employees

Bonus calculations for Postal employees for the year 2018-19

Uttar Pradesh Government to Give Rs 7000 Diwali Bonus to 14 Lakh Govt Employees

The Uttar Pradesh government on Wednesday announced a bonus of Rs 7000 for its employees ahead of Diwali. The measure is likely to benefit 14 Lakh employees of the state government. The order issued by Finance Secretary Mukesh Mittal stated the employees will get Rs 6908 whereas daily wage employees will be given Rs 1184 as bonus. The order also stated 75 percent amount of the bonus will be deposited in the provident fund accounts of the employees.

Earlier, the Union Cabinet chaired by the Prime Minister Narendra Modi gave its approval for revision of pay scales for about 8 lakh teachers and other equivalent academic staff in higher educational institutions under the purview of the University Grants Commission (UGC) and in Centrally Funded Technical Institutions, following implementation of the recommendations of the 7th Central Pay Commission for Central Government employees.

The decision will benefit 7.58 lakh teachers and equivalent academic staff in the 106 Universities / Colleges which are funded by the UGC/MHRD and also 329 Universities which are funded by State Governments and 12,912 Govt. and private aided colleges affiliated to State Public Universities.

In addition, the revised pay package will cover teachers of 119 Centrally Funded Technical Institutions viz. IITs, IISc, IIMs, IISERs, IIITs, NITIE. etc.

The approved pay scales would be applicable from January 1, 2016. The annual Central financial liability on account of this measure would be about Rs. 9,800 crore.

The implementation of this pay revision will enhance the teachers’ pay in the range of Rs. 10,400 and Rs. 49,800 as against the extant entry pay due to the implementation of the 6th Central Pay Commission for the pay of teachers. This revision would register an entry pay growth in the range of 22 percent to 28 percent.

Source: india.com