Gratuity for pvt sector employees raised to Rs 10 lakh

New Delhi: Bringing cheers for thousands
of private sector employees, the government today approved
raising the ceiling for payment of gratuity to them from Rs
3.5 lakh to Rs 10 lakh.

The decision was taken at a cabinet meeting chaired
by Prime Minister Manmohan Singh.

This will bring parity between government and private
sector employees in enjoying equal gratuity benefits. The
Sixth Pay Commission recommendation had raised the limit for
central government employees.

Labour and Employment Minister Mallikarjun Kharge had
earlier said his Ministry was holding consultation with
various stakeholders to arrive at a consensus for raising the
ceiling.

-PTI