News
SAIL announces higher performance incentive
The Steel Authority of India Limited (SAIL) has announced an increase of more than 6 per cent in the annual payment of performance incentive/ex gratia/bonus in comparison to previous year to its non-executive employees on the festive occasion.
It was finalized based on discussions and mutual agreement between SAIL management and senior Central trade union leaders representing the workers and belonging to the constituent Unions of NJCS viz. INTUC, CITU, AITUC, HMS and BMS.
In line with the Government’s initiative to boost economy by way of incentivizing the working class, SAIL has also announced the distribution of ex gratia during the festive season. While an amount of Rs. 16,500 will be paid to the non-executive employees of SAIL’s five integrated steel plants at Bhilai, Bokaro, Durgapur, Burnpur and Rourkela and also Raw Materials and Collieries divisions, an amount of Rs. 14,500 will be paid to the non-executive employees of other plants and units of SAIL.
“Steel Authority of India Limited prioritizes the welfare of its workforce and is committed to take strides in strengthening such initiatives by Government. This ex gratia will help in boosting the spending power of the workmen of Steel Authority of India Limited in the ensuing festive period”, said Anil Kumar Chaudhary, Chairman, SAIL.
-
News3 weeks ago
Noida’s High-Rise Societies Face Multiple Challenges Despite Rapid Urban Growth
-
News3 weeks ago
Olive Announces Dhruv Kalro as Co-Founder
-
News4 weeks ago
Godrej Properties Sells 5000+ Homes of Rs 9.5 cr in Q4FY24, Bookings up 84% YoY
-
News4 weeks ago
Vestian: Domestic Investors Dominate Institutional Investments in Jan-Mar’24
-
News3 weeks ago
India to become the fastest-growing silver economy, housing up to 17% of the world’s elderly population by 2050: CBRE Report
-
News4 weeks ago
HRERA Gurugram Rejects Godrej Properties’ Project Extension Application, Account Frozen For Prolonged Non-compliances
-
News2 weeks ago
SKA Forays In Luxury Housing: Launches SKA Destiny One in Greater Noida, To Invest Rs 592 Crores
-
News4 weeks ago
Ashiana Housing Sells Rs 440 cr Worth 224 Flats at its Project Amarah in Gurugram