The Union Cabinet has given its approval for the introduction of the Payment of Gratuity (Amendment) Bill, 2017 in the Parliament. Which fact is true in this regard?

• A. This amendment will increase the maximum limit of gratuity for employees of private sector and PSUs/autonomous organizations under the government, who are not covered under CCS (Pension) Rules as per Central Government employees.
• B. The Payment of Gratuity Act 1972 is an important social security legislation for the wage earning population in industries, factories and establishments.
• C. (1) and (2) both
• D. neither of the above