Diwali bonus: MSTRC announces ₹10,000 each for 83,000 employees, 2% DA hike, festival advance for eligible staff
The Maharashtra State Road Transport Corporation (MSRTC) this week announced Diwali bonus and other benefits for around 83,000 of its employees, PTI reported. This was announced at a meeting with representatives of various employee unions of the MSRTC at the Transport Commissioner's office in Bandra, Mumbai.
Maharashtra State Transport Minister Pratap Sarnaik in an announcement on Thursday, 5 November said the state-run transport undertaking will release Diwali bonus of ₹10,000 each for around 83,000 employees, it added.
Further, dearness allowance (DA) has been increased by 2% from 58% to 60%, and eligible employees will also receive an advance of ₹12,500 for the festival, Sarnaik said. The decisions regarding bonus and DA will put an additional burden of around ₹160 crore on the corporation, the minister added.
“Despite the corporation facing financial difficulties, the government was committed to ensuring that employees celebrate Diwali. ST officers and employees work round the clock to provide safe travel to lakhs of passengers. Providing them a bonus on the occasion of Diwali is not merely an act of generosity but their right,” Sarnaik said.
He appealed to employees not to resort to protests or strikes, saying any agitation could inconvenience ordinary passengers who depend on the state transport undertaking. Sarnaik added that the government and the corporation were committed to resolving employees' issues through dialogue while improving passenger services and strengthening the MSRTC's financial position.
MSRTC, the largest state-run public transport undertaking in the country, has a fleet of nearly 15,000 buses and ferries around 55 lakh passengers daily.
The Uttar Pradesh government has approved a 30-day ad hoc bonus for eligible state government employees for the financial year 2025-26, ahead of Diwali.
Under the new order, employees can receive a maximum bonus of ₹6,908, subject to the prescribed salary ceiling. However, the entire amount will not be paid directly into their bank accounts. The government has decided to credit 75% of the approved bonus to employees' provident fund accounts, while the remaining 25% will be paid in cash.
The bonus will cover full-time, non-gazetted state government employees working in posts up to Pay Matrix Level 8, with a pay range of ₹47,600 to ₹1,51,100. Employees under the earlier pay structure with a grade pay of up to ₹4,800 will also qualify.
The benefit extends beyond regular state government departments. Employees of educational and technical institutions receiving grants from the state government, local bodies, district panchayats and work-charged establishments of government departments are also covered.
(With inputs from PTI)
Jocelyn Fernandes is a journalist and editor with nearly 13 years of experience covering the business, corporate, economy and markets beats in news.<br> As chief content producer for around three years at Livemint (Hindustan Times), Jocelyn publishes breaking stories, explainers, features and live blogs on a range of business and economy topics, including the Budget, corporate developments, stock markets, income tax, money and personal finance, cryptocurrency, government policy, impact of US tariffs, international developments and more.<br> Jocelyn's writing philosophy is focused on delivering news in an accurate and accessible format for readers. She thus focuses her news coverage on explainers and FAQs in order to breakdown business, corporate, economic, and policy topics that are of importance to everyday readers.<br> She holds a Bachelors in Mass Media (BMM) and Post Graduate Diploma (PGD) in Journalism and Communication and has previously written for online business and markets news site Moneycontrol (Network18), Business-to-business (B2B) trade publications — the industry magazines Power Today and Solar Today (ASAPP Media), and the national news agency United News of India (UNI).<br> Outside of work, Jocelyn keeps up-to-date with local and international news, enjoys reading fiction books, novels and short stories, and enjoys movies, travelling and art. <br> She can be found on X and LinkedIn, and reached by email: <a href="jocelyn.fernandes@htdigital.in">jocelyn.fernandes@htdigital.in</a> <br> X/ Twitter handle: <a href="https://x.com/scribeJocelyn">@scribeJocelyn</a> <br> LinkedIn: <a href="https://in.linkedin.com/in/jocelyn-fernandes-journalist">LinkedIn</a>
Get Latest real-time updates
Catch all the Instant Personal Loan, Business Loan, Business News, Money news, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
HomeMoneyPersonal FinanceDiwali bonus: MSTRC announces ₹10,000 each for 83,000 employees, 2% DA hike, festival advance for eligible staff
✕
Wait for it…
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.