Telangana Government Declares Bonus for Singareni Workers

Bonus Declaration

Telangana government declared a festival bonus to Singareni workers in honor of Dussehra. Chief Minister Revanth Reddy and Deputy Chief Minister Bhatti Vikramarka announced the decision in Hyderabad at a press conference with ministers.

Distribution of Profits

The government will give 34% of Singareni company profits to the employees. Permanent workers will get ₹1,95,610 as a bonus each.

Perk for Permanent and Contract Labourers

• ₹819 crore will be provided to 41,000 permanent employees.
• Approximately 30,000 contract workers will also get a bonus of ₹5,500 per worker.
• It is for the first time in India that contract workers are being included in the bonus scheme of a company, officials stated.

Future Assistance and Demands from the Government

Revanth Reddy said:

• The government will keep on assisting Singareni employees.
• Coal India's bonus payment will be done prior to Diwali.
• States are losing money because of recent GST reforms. 
• The Centre must compensate the states for the loss.
• The Centre must give a viability gap fund for five years to equalize state finances.