This is an archive article published on November 4, 2015

Rs 5,000 Diwali bonus for BEST staff

BEST decided to pay this amount after pressure from unions, which had threatened to go on strike.

2 min readMumbaiNov 4, 2015 01:01 AM IST First published on: Nov 4, 2015 at 01:01 AM IST

The Brihanmumbai Electric Supply and Transport Undertaking (BEST) Tuesday took a decision to pay Rs 5,000 as Diwali bonus or ex gratia payment to its employees during its committee meeting even as some members demanded that the BEST employees be paid at par with Brihanmumbai Municipal Corporation (BMC) employees, who will get Rs 13,600 as bonus.

The bonus is going to add extra burden on the cash-strapped transport undertaking. BEST decided to pay this amount after pressure from unions, which had threatened to go on strike.

[related-post]

Advertisement

BEST is going to pay the bonus by deferring payment of its loan installment to BMC by one month. “We had taken a loan of Rs 1,600 crore from BMC to pay Tata Power dues. We pay them Rs 40 crore every month, we have deferred payment this month and will be using Rs 30 crore to make the ex-gratia payment,” said BEST general manager Jagdish Patil.

Latest Comment
Post Comment
Read Comments