Wages

Coronavirus Lockdown: Salary cut imminent; 27 out of top 100 companies can't sustain current wage bill, says Deloitte study

As many as 27 out of the top 100 companies listed on the National Stock Exchange (NSE) will not be able to sustain current wage bill if their revenue dip by 30 percent or more due to a nationwide lockdown and imminent salary cuts, a Deloitte study said

Coronavirus Outbreak: Apparel exporters urges govt to pay workers' wages for April-May

Apparel exporters body AEPC on Monday urged the government to pay wages of workers, engaged in the sector, for April and May as the community is battling to deal with the lockdown due to Covid-19

Centre releases Rs 4,431 crore to clear pending wages under MGNREGA, to pay all dues by 10 April

The Centre has released Rs 4,431 crore to clear pending wages under the rural job scheme MGNREGA and will pay all dues by 10 April, officials said on Friday, a day after the government announced an increase in wages under the programme

Govt says its contractual employees will be paid during period of absence due to coronavirus lockdown

The Finance Ministry on Monday said contractual employees will be paid even if they are unable to report on duty due to lockdown imposed by authorities

Kochi-Muziris Biennale dogged by claims of non-payment of dues to local contractor; denies wrongdoing

A local contractor started an Instagram handle called @justicefrombiennale18_19 demanding the Kochi Biennale Foundation clear dues amounting to Rs 1.4 crore before the event ends on 29 March.

International Labour Organisation for stronger implementation of wage law in India; cites low pay, inequality

ILO's India Wage Report said that the country's economy in the past two decades has seen an annual average GDP rate of 7 percent but low pay and inequality persist

US economy adds 164,000 jobs in April; unemployment down to 3.9 per cent pointing to sustained resilience

U.S. employers stepped up hiring modestly in April, and the unemployment rate fell to 3.9 percent, evidence of the economy's resilience amid the recent stock market chaos and anxieties about a possible trade war.

Donald Trump's flawed immigration vs economy argument: He's got it all wrong... and how

Economy has long been given as a reason to stop immigrants from coming into countries. However studies show that immigrants actually end up boosting the economy.

Govt to rework baseline for paying MGNREGA wages

To end the variation in wages notified by the Centre and minimum wages of few states, the Centre has constituted Nagesh Singh committee to rework the baseline for paying MGNREGA wages

PSU banks to go on strike today; normal banking operations likely to be hit

Most of the banks, including SBI, PNB and BoB, have already informed their customers that functioning of branches and offices will be impacted if the strike takes off