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Salaries in India expected to increase by 10.4% in 2023: Survey
Business

Salaries in India expected to increase by 10.4% in 2023: Survey

Salary increases anticipated in India for 2023 are in the double digits despite the global recessionary challenges and fluctuating domestic inflation

A post-Presidential life: 12 Janpath bungalow, pension of Rs 1.5 lakh and free travel for life awaits Ram Nath Kovind
India

A post-Presidential life: 12 Janpath bungalow, pension of Rs 1.5 lakh and free travel for life awaits Ram Nath Kovind

As Droupadi Murmu is sworn in as the 15th President of India, Ram Nath Kovind will move into 12 Janpath in Delhi and enjoy many perks of being the former First Citizen of India

Bill to reduce MP/minister salaries passed in Lok Sabha: A look at how much these cuts will help
India

Bill to reduce MP/minister salaries passed in Lok Sabha: A look at how much these cuts will help

The proposed reduction to the salaries and allowances of MPs and ministers amounts to savings of around Rs 54 crore.

Coronavirus Outbreak: CAIT flags traders' inability to pay full salary for April, seeks Piyush Goyal's intervention
Business

Coronavirus Outbreak: CAIT flags traders' inability to pay full salary for April, seeks Piyush Goyal's intervention

As the country battles COVID-19, traders'' body CAIT on Thursday said traders are facing tremendous financial crunch and payment of full salary for April to their staff was next to impossible

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

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: Berger Paints says no plan for retrenchment or salary cut during pandemic crisis
Business

Coronavirus Outbreak: Berger Paints says no plan for retrenchment or salary cut during pandemic crisis

Berger said it has decided against any involuntary furloughs or organisational restructuring that may lead to downsizing of headcount and consequent loss of livelihood during the time of widespread uncertainty.

Odisha industry body demands wage payment from ESIC funds; seeks working capital loan, interest waiver till normalcy returns
Business

Odisha industry body demands wage payment from ESIC funds; seeks working capital loan, interest waiver till normalcy returns

There has been lobbying for some time for using funds of the retirement body EPFO as well as ESIC for providing relief to workers to help them sustain themselves during the nationwide lockdown.

Coronavirus Outbreak: Uday Kotak to takes notional salary of only Re 1 for financial year 2020-21
Business

Coronavirus Outbreak: Uday Kotak to takes notional salary of only Re 1 for financial year 2020-21

Billionaire banker Uday Kotak has decided to take a notional salary of only Re 1 for the financial year 2020-21, amid COVID-19 pandemic, which is likely to have huge economic implications

Coronavirus Outbreak: Ekta Kapoor to forego one-year salary of Rs 2.5 cr so 'co-workers don't have to take a hit'
Entertainment

Coronavirus Outbreak: Ekta Kapoor to forego one-year salary of Rs 2.5 cr so 'co-workers don't have to take a hit'

Filmmaker Ekta Kapoor on Friday said she will be letting go of her one-year salary of Rs 2.5 crores so as to provide financial aid to her co-workers in her company Balaji Telefilms.

Coronavirus Outbreak: Disney's Bob Iger to forego salary, new CEO Bob Chapek will take pay cut
Entertainment

Coronavirus Outbreak: Disney's Bob Iger to forego salary, new CEO Bob Chapek will take pay cut

Disney will reduce the salaries of its vice presidents by 20%, senior vice presidents by 25%, and executive vice presidents and above by 30% effective 5 April

Coronavirus Outbreak: Railways to release full salary to lakhs of contractual workers during suspension of service
Business

Coronavirus Outbreak: Railways to release full salary to lakhs of contractual workers during suspension of service

In a huge relief to lakhs of contractual employees, the railways has decided to release their full salaries even as it suspended all its passenger services till 31 March

Companies in India to dole out lowest salary hike in a decade at 9.1% in 2020; lack of talent, niche skills to blame: Report
Business

Companies in India to dole out lowest salary hike in a decade at 9.1% in 2020; lack of talent, niche skills to blame: Report

In the Asia-Pacific region, India is expected to dole out the highest salary hike at 9.1 per cent, followed by China at 6.3 percent this year.

BSNL clears Rs 1,700 cr in dues to vendors, contractors; pays November salaries to employees: CMD PK Purwar
Business

BSNL clears Rs 1,700 cr in dues to vendors, contractors; pays November salaries to employees: CMD PK Purwar

In October this year, the government approved a Rs 69,000 crore revival package for BSNL and MTNL that includes merging the two loss-making firms, monetising their assets and giving VRS to employees.

Loss-making telecom PSUs BSNL, MTNL fail to pay July salary to 1.98 lakh employees, says union leader
Business

Loss-making telecom PSUs BSNL, MTNL fail to pay July salary to 1.98 lakh employees, says union leader

Loss-making telecom PSUs Bharat Sanchar Nigam Ltd and MTNL have failed to clear salaries of their 1.98 lakh employees for July, a union leader said on Thursday

Cash-strapped Jet Airways defers March salary payment to its 16,000 employees
Business

Cash-strapped Jet Airways defers March salary payment to its 16,000 employees

Cash-starved Jet Airways on Wednesday deferred the March salary payment to its employees, citing "complexities" involved in the finalisation of the debt-recast plan, under which the SBI-led consortium of lenders has taken over the management control of the airline

Paramilitary forces gravely dissatisfied with lack of pay parity as promise of better service conditions remains unfulfilled
India

Paramilitary forces gravely dissatisfied with lack of pay parity as promise of better service conditions remains unfulfilled

Despite the India-Pakistan conflict escalating after the Indian Air Force carried out air strikes in Pakistan's Balakot and additional paramilitary forces being deployed in the Kashmir Valley to quell any insurgency, the issue of pay parity among Indian security forces continues to simmer.

RBI proposal to revamp bank CEO compensation: Companies Act should take a leaf out of central bank’s gesture
Business

RBI proposal to revamp bank CEO compensation: Companies Act should take a leaf out of central bank’s gesture

In other words, since the public sector bank honcho salary is abysmally low, what the RBI is doing according to critics is reducing the salary of foreign and private banks.

Budget 2019: Income tax rebate hiked for income up to Rs 5 lakh; here is how much you will save now
Business

Budget 2019: Income tax rebate hiked for income up to Rs 5 lakh; here is how much you will save now

Finance Minister Piyush Goyal on Friday doled out tax sops to middle class including doubling of income tax exemption limit to Rs 5 lakh and raising standard deduction to Rs 50,000, and provided concessions on interest income from bank deposits and rent.

Indian employees don’t get along in Chinese companies? #DailyDope
News & Analysis

Indian employees don’t get along in Chinese companies? #DailyDope

Indian employees have left the Chinese companies due to various reasons.

Average income of salaried, non-salaried and corporate taxpayers rises over last 3 years, says CBDT
Business

Average income of salaried, non-salaried and corporate taxpayers rises over last 3 years, says CBDT

While the number of salaried taxpayers has increased from 1.70 crore (assessment year 2014-15) to 2.33 crore (AY 2017-18), average income declared by the salaried taxpayers has gone up by 19 percent from Rs 5.76 lakh to Rs 6.84 lakh