INDIA BUSINESS WORLD - JULY 1st - JULY 31st - 2008
UNION CABINET GIVES ITS APPROVAL FOR THE AMENDMENT TO THE PAYMENT OF GRATUITY ACT, 1972
The Union Cabinet today gave its approval to accept one recommendation of the Standing Committee of giving effect to the amendments retrospectively with effect from 3rd April, 1997 and to move Payment of Gratuity (Amendment) Bill, 2008 in the Parliament. The Cabinet also gave its approval for withdrawal the Payment of Gratuity (Amendment) Bill, 2007 from the parliament. This will result in coverage of teachers in the educational institutions under the Payment of Gratuity Act, 1972 with effect from 3rd April, 1997.
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