Monday, Aug 8, 2022
English News
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Telangana | Singareni Workers To Receive Bonus Pending Salary On October 23

Singareni workers to receive bonus, pending salary on October 23

By Telangana Today
Published: Published Date - 03:46 PM, Tue - 13 October 20
Singareni workers to receive bonus, pending salary on October 23
In a statement here on Tuesday, the Chairman and Managing Director of SCCL N Sridhar said that the state owned company has earned a profit of Rs 993.86 crore during 2019-20.

Hyderabad: In good news to the employees of the Singareni Collieries Company Ltd (SCCL), the management upon the directions of Chief Minister K Chandrashekhar Rao has decided to release 28 per cent bonus on profits to its staff on October 23 along with the pending part of March month’s salary withheld during Covid related lockdown in the State.

In a statement here on Tuesday, the Chairman and Managing Director of SCCL N Sridhar said that the state owned company has earned a profit of Rs 993.86 crore during 2019-20 and 28 per cent of that amounts to Rs 278.28. “As per this calculation each employee will receive around Rs 60,468 as bonus. Similarly the withheld salary will also be deposited into their accounts on October 23. The festival advance of Rs 25,000 which is an annual fare will be deposited into their accounts on October 19,” he said.

Thanking the Chief Minister on behalf of the SCCL staff, the CMD said that even though the coal industry was under severe financial duress, because of the lockdown the government took the decision to release the bonus and other benefits keeping in mind the welfare of the staff. The Chief Minister on the hand has been increasing the percentage of bonus for the staff of the collieries since the formation of the State on an annual basis.

While the percentage of bonus was only 18 per cent in 2012-13, Chief Minister increased it to 20 per cent (Rs 83.65 crore) immediately after formation of the State, then to 21 per cent (Rs 103 crore) in 2014-15, 23 per cent (Rs 245 crore) in 2015-16, 25 per cent (Rs 98.85 crore) in 2016-17, 27 per cent (Rs 326.25 crore) in 2017-18, and 28 per cent (Rs 479 crore) in 2018-19. The staff is expressing happiness over the declaration of 28 per cent of bonus this year by the Chief Minister.


Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.

Click to follow Telangana Today Facebook page and Twitter .


 

  • Follow Us :
  • Tags
  • coal industry
  • collieries
  • Hyderabad
  • Hyderabad Today

Related News

  • Training programme on urban farming in twin cities

    Training programme on urban farming in twin cities

  • Tabu dazzles in Telangana’s traditional weaves

    Tabu dazzles in Telangana’s traditional weaves

  • Red, orange, yellow alerts issued in seven districts of Telangana till August 9

    Red, orange, yellow alerts issued in seven districts of Telangana till August 9

  • Woman killed, man injured in bike mishap on Lalapet flyover

    Woman killed, man injured in bike mishap on Lalapet flyover

  • Five students from Telangana secure perfect 100 NTA score in JEE Main

    Five students from Telangana secure perfect 100 NTA score in JEE Main

  • Telangana: Govt hospitals to push for painless normal deliveries

    Telangana: Govt hospitals to push for painless normal deliveries

Latest News

  • Inter student commits suicide at Yellandu

    9 mins ago
  • This video of Indian women’s hockey team dancing is going viral

    12 mins ago
  • Incessant rains affect normal life, coal production and agriculture activity in Khammam

    28 mins ago
  • Postal staff takes out Har Ghar Tiranga rally in Karimnagar

    33 mins ago
  • Khammam: Electricity employees stage dharnas opposing Electricity (Amendment) Bill-2022

    59 mins ago
  • Sanjay Agarwal is new ADG of ICRISAT

    1 hour ago
  • Celebrate a ‘sweet’ Raksha Bandhan with NIC Honestly Natural Ice Cream’s special combo offers 

    1 hour ago
  • Nushrratt’s sneak peek from sets after an ‘intense action scene’ garners attention

    2 hours ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam