Coronavirus Outbreak: Srei Infra's senior management to take voluntary salary cut of up to 30% in FY21
The chairman has reduced his pay by 30 percent and the chief executive officer and other senior management members have reduced their pay in the range of 20 percent to 25 percent, Srei Infra said.
New Delhi: Amidst the COVID-19 pandemic, Srei Infrastructure Finance on Wednesday said its senior management will take voluntary pay cut of up to 30 percent this fiscal year.
The senior management team, including chairman and chief executive officer, of the company have decided to lead the efforts on expense control by volunteering to take pay cuts for the current financial year 2020-21, it said in a regulatory filing.
The chairman has reduced his pay by 30 percent and the chief executive officer and other senior management members have reduced their pay in the range of 20 percent to 25 percent, it said.
The national lockdown to contain the spread of coronavirus pandemic has halted economic activities, prompting salary cuts, including voluntary cuts, at various organisations across the country.
COVID-19 vaccine production increasing, India may be first country to have DNA-based jab, Mansukh Mandaviya tells RS
Replying to a short discussion on COVID-19 management in Rajya Sabha, the minister said technology transfer to several companies has started and they will begin production in the coming days
Firstpost Explains: Two golds? Two silvers? How COVID-19 could make hockey event at Tokyo 2020 an unusual affair
Two golds in hockey at Tokyo 2020? Two silvers? Firstpost Explains how COVID-19 could make the hockey tournament at Tokyo Olympics an unusual affair
Tracking the Indian women's hockey team's fortunes over the last two years heading into Tokyo 2020 Olympics