Lok Sabha passes the eagerly-awaited bonus bill
The much-anticipated announcement of last year, regarding the bonus, has finally been released.
The Lok Sabha gave its approval to the bill last Tuesday. But, the bill has to be cleared by the Rajya Sabha too.
The employees have been assured that the bonuses will be with effect from April 1, 2014. In that case, there are chances for arrears payments. Whatever was given as bonus can be given again as arrears.