Pay Cut

Telangana to pay full salary to government employees, pensioners for June as CM announces improvement in state's economy

In a relief to government employees and pensioners, the Telangana government on Tuesday decided to pay full salary for June in the wake of improvement in the state's economy.

COVID-19 impact: IDFC First Bank senior management takes 10% compensation cut in FY21; pays 100% variable pay to 78% staff

IDFC First Bank paid 100 percent of the variable pay to 78.2 percent of employees for FY20.

Tata Group firms trim payments of top executives for first time in company's history as lockdowns hit business, revenue

The compensation of CEOs and managing directors (MDs) of Tata Steel, Tata Motors, Tata Power, Trent, Tata International, Tata Capital and Voltas, among others, will be cut the report said citing company executives.

IndiGo reinstates pay cut for senior employees from May; to implement 'limited, graded leave without pay program'

IndiGo will be cutting the salaries of senior employees from May onwards and also implement a "limited, graded leave without pay program" for the months of May, June and July, its CEO Ronojoy Dutta said on Friday

Kotak Mahindra Bank declares 10% pay cut for staff with over Rs 25 lakh annual salary

Private sector lender Kotak Mahindra Bank has decided on a 10 percent pay cut for the employees earning above Rs 25 lakh per annum, in a business sustainability move amid the COVID-19 pandemic, according to a communication

Coronavirus Pandemic: RIL chairman Mukesh Ambani to forego salary, board members to take pay cut

Reliance Industries chairman Mukesh Ambani will forego his salary in the wake of the coronavirus pandemic that has gripped the nation and forced a lockdown in the country until 3 May

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.

Coronavirus Outbreak: AirAsia India cuts staff salaries by up to 20% for April to tackle airline’s finances

AirAsia India has cut the April salary of its staff by up to 20 percent to tackle the airline’s finances amid the suspension of all commercial services till 3 May due to the lockdown, a source has said

Coronavirus Outbreak: Harvard, MIT announce salary, hiring freeze and leadership pay cuts

Prestigious US educational institutions Harvard University and Massachusetts Institute of Technology are implementing salary and hiring freeze and their top leadership will take pay cuts as part of "hard choices" to control costs in a tough economic environment resulting from the global coronavirus pandemic, according to a report

Darjeeling unrest: West Bengal govt to cut pay for absent GTA, district magistrate office employees

There are around 8,000 employees at the GTA, while another 200 are there with the Darjeeling DM's office.