With the onset of festive season and signing of bonus agreements, big brands have gone all the way to woo the customers. From consumer electronics to apparel maker almost all the major players have come up with attractive offers. Companies like Tata Steel, JUSCO, TRF, have already penned bonus agreements. Jyoti Kumar, Managing Director of Concern India Shows Pvt. ltd said that trade fair Canvas India is eying on bonus agreements signed and the customers will go on shopping spree. The brands are happy to dole out best offers. Manufacturers and companies are pinning hopes on mega trade fair, ‘Canvas India-2014 to increase their market share in the time of festive season. Former CM Arjun Munda on Saturday inaugurated the fair. The fair will continue till September 23 at Gopal Maidan.
More than 400 stalls donning more than 300 brands and representing the spectrum of consumer goods to residential apartments will attract the fair enthusiasts of the city during the mega event.
Companies of all the sectors are participating in the fair that is likely to witness 3lakh footfalls during the two weeks odd event.
Hundreds of companies from, FMCG, automobile, IT, electronics, telecom, real estate and life style among others, will showcase its new and branded products in the fair.
Meanwhile, bonus agreement was signed between JUSCO management and the JUSCO Shramik Union, for payment of annual bonus for the accounting year 2013-14 based on the Bonus Chart for 2013-14 which was agreed to in January 2013. The agreement was signed by Ashish Mathur, MD, JUSCO and Raghunath Pandey, president, JUSCO Shramik Union, along with other senior Officials of the Company as also office bearers of the Union in presence of Mr S.S.Pathak, DlC, Kolhan and Conciliation Officer.
As per the agreement, an amount equivalent to 17.5% of Salary/ Wages (Basic + DA) paid for the year 2013-2014 would be disbursed in the coming days considering the onset of the festive season. The balance amount as per the earning from the Bonus Chart would be payable after the declaration of TBEM results expected sometime in December 2014. It may be noted that improvement in TBEM scores is a parameter for determining the bonus percentage and the site visit of the assessment team slated for October this year would be followed by declaration of the results sometime in December 2014. Some of the other parameters in the bonus chart included Profit Before Taxes(PBT), Safety Performance, Compliance to Complaints, Top Box, Transmission and Distribution loss, Overall Unaccounted for Water, Customer Satisfaction Index etc.