18 March 2018 Current Affairs: Lok Sabha passed Gratuity Amendment bill.
The Payment of Gratuity (Amendment) Bill, 2017 aims at increasing the upper ceiling of the gratuity from the present 10 lakh rupees to 20 lakh rupees for employees in the private sector and in Public Sector Undertakings at par with Central Government employees.
The House also passed the Specific Relief (Amendment) Bill, 2017 which seeks to grant a party the right to seek damages from the other side in case of a breach of a business contract and to reduce the discretion of courts in such matters.
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