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Diwali Cheers! UP govt announces bonus for over 14 lakh employees

Uttar Pradesh Chief Minister Yogi Adityanath has announced a Diwali bonus for 14.82 lakh government employees in the state, an official said on Thursday.

India TV Business Desk India TV Business Desk
New Delhi Published on: November 05, 2020 23:29 IST
UP govt diwali bonus
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Diwali Cheers! UP govt announces bonus for over 14 lakh employees

Uttar Pradesh Chief Minister Yogi Adityanath has announced a Diwali bonus for 14.82 lakh government employees in the state, an official said on Thursday.

There has been a lot of speculation over the declaration of bonus amid the economic situation due to the coronavirus pandemic, but the Adityanath government chose in favour of it, the official said.

It will cause a liability of Rs 1,023 crore on the state exchequer. All non-gazetted state employees, staff of government-aided educational institutions, local bodies and district panchayats, along with daily wagers will be covered under it, according to the official.

Like last year, 75 per cent of the bonus amount will be credited into the provident fund and 25 per cent will be paid in cash.

Those employees who are not PF members will be given national savings certificates of this amount.

The employees who have retired after March 31, 2020, or due to retire by April 30 next year will receive full amount of eligible ad-hoc bonus, the spokesman added.

For daily wagers, the bonus will be calculated on the maximum monthly wages of Rs 1,200.

(With Inputs from PTI)

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