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SpiceJet has paid the outstanding salary of its employees. This decision was taken after raising new capital of Rs 3,000 crore. This has brought relief to the employees. Let us know some main points of this news.
Payment of Salary
SpiceJet has paid the pending salary of all its employees. This includes the salary for July and August. Some employees have also received a partial salary for June. This news is good news for the employees.
Company Statement
A SpiceJet spokesperson said that all the employees were paid their due salaries by Wednesday evening. He said that the process was completed smoothly. However, he did not give much information on this.
Provident Fund and TDS
SpiceJet has not paid the provident fund of its employees for the last two and a half years. Apart from this, the tax deducted at source (TDS) from the salaries of the employees has also not been deposited to the government. This situation is a matter of concern for the employees.
Importance of new capital
SpiceJet has planned to raise fresh capital of Rs 3,000 crore. This money will help strengthen the company's financial position. The company has raised this capital through Qualified Institutional Placement (QIP).
Development plans
The new capital will help SpiceJet work on its growth plans. This will enable the airline to improve its services and take care of the interests of its employees.
It is worth noting that SpiceJet's decision to pay the outstanding salary is a positive step. This has provided financial security to the employees. However, the company will also have to pay attention to its other financial obligations. It is expected that SpiceJet will improve its position in the coming times.
It is worth noting that SpiceJet's decision to pay the outstanding salary is a positive step. This has provided financial security to the employees. However, the company will also have to pay attention to its other financial obligations. It is expected that SpiceJet will improve its position in the coming times.
