Non-payment of gratuity and arrears by HEC

Outstanding liabilities on account of gratuity payable to retired employees are Rs 50.28 crore

GN Bureau | March 15, 2017


#outstanding liabilities   #HEC   #department of heavy industry   #Babul Supriyo  
The department of heavy industry has been receiving complaints of non-payment of gratuity and pay revision arrears by the Heavy Engineering Corporation (HEC), Ranchi to its retired employees. These complaints have been forwarded to the company for appropriate action and redressal of grievances, minister of state Babul Supriyo informed the Lok Sabha.
 
As reported by HEC, 20 complaints have been received by them through the department during the last two years.
 
Outstanding liabilities on account of gratuity payable to retired employees are Rs 50.28 crore. The same hasn’t been paid due to acute financial crisis faced by the company. 
 
However, in case of daughter’s marriage, medical treatment of self and spouse, children’s higher education and remittance of bank’s outstanding loans, part payment of gratuity to ex-employees is being done, as per availability of funds.
 
Regarding the payment of arrears on account of wage revision 1992 & 2007, a total of Rs 3.71 crore and Rs 24.70 crore (approximately) respectively are outstanding.
 

Comments

 

Other News

From Jal Shakti to Jal Prabandhan

This piece is based on a previous article by the authors published in Geoforum [Elsevier] in May 2019: available online: https://www.sciencedirect.com/science/article/pii/ S0016718519300764?via%3Dihub

Shiv Sena set to form government in Maharashtra

The BJP’s oldest ally Shiv Sena is once again parting ways, putting their alliance behind and preparing to form government in Maharashtra with the support of the NCP and Congress. Nineteen days after the legislative assembly elections, despite a clear mandate for the BJP and Sena, Maha

Ayodhya: temple at disputed site, alternative land for mosque

A resolution to the long-pending dispute which has to an extent shaped the recent history of India was in sight as the supreme court on Saturday paved the way for the construction of a temple at the disputed site where the Babri Mosque stood for long but is held to be Lord Ram`s birth place. A five

Moody’s changes India outlook, FinMin cites robust fundmanetals

The global rating agency Moody’s Investors Service has changed its outlook on India’s ratings from ‘stable’ to ‘negative’, but the finance ministry maintained that “the fundamentals of the economy remain quite robust”. On Thursday, Moody’

Special push on the housing front can aid economy too

The real estate sector is arguably the most representative of the slowdown in the economy. The government has moved to offer it a helping hand with a Rs 10,000 crore package, which has the potential of lifting the sagging fortunes of a large number of allied industries. The union cabinet on



Archives

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter