Pakistan's newly-elected President Asif Ali Zardari on Tuesday announced that he would not draw any salary during his tenure as part of his bid to help the cash-strapped country face the challenging economic hardship.
Drawing comparisons with other professional sports, Moses said track and field athletes have missed out on the financial boom due to the lack of a players' union.
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Salaries in India are expected to increase by 9.5 per cent in 2024, slightly lower than the actual increase of 9.7 per cent in 2023, largely in response to market dynamics, according to global professional services firm Aon plc. According to the firm's annual salary increase and turnover survey 2023-24 India, that analysed data across 1,414 companies from almost 45 industries, salary increase in India seems to have stabilised at high single digits, after the post-pandemic high increments in 2022. "The projected increase in salaries in the Indian formal sector indicates a strategic adjustment in response to the evolving economic landscape.
Marshals had to forcefully evict the BJP MLAs who had surrounded the Speaker's chair.
In 2025, India's tech job market is thriving, with tech professionals seeing a 9.5% salary increase and roles like AI/ML architects earning up to Rs 95 lakh annually.
Tata Consultancy Services (TCS), India's largest IT services firm, is planning to increase salaries by an average of 7-8 per cent for its offsite employees and 2-4 per cent for its onsite staffers in 2024-25. High performers can expect a raise of 12-15 per cent. The company, which had a headcount of 603,305 as of December 31, 2023, will be closely looking at the promotions and the process may also get pushed to the first quarter of FY25, revealed a source on condition of anonymity, because he is not authorised to speak to the media.
'Yes I am learning a lot from Saqlain Mushtaq because of his strong cricket coaching background. But it does not mean he is doing me favours.'
The journey of life will always come with its temptations; it is the ability to stick to your goal that will eventually lead you to success. A fascinating excerpt from Manish Vij's must-read book, Brick by Brick.
People with modest incomes can also build a crore-worthy portfolio by investing small amounts consistently, says Ramalingam Kalirajan, and shows how the magic of compounding works.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Rajasthan Police personnel in several districts of the state boycotted Holi celebrations on Saturday to protest their demands, including promotions and removal of salary discrepancies. Former Chief Minister Ashok Gehlot urged the current Chief Minister to intervene and address the police personnel's grievances, while Cabinet Minister Kirodi Lal Meena expressed support for their demands and promised to raise the issue with the government. The police personnel are calling for timely Departmental Promotion Committees (DPCs) meetings, an increase in mess allowance, and other benefits. The boycott highlights the ongoing concerns of police personnel regarding their professional development and financial well-being.
Systematic Investment Plan (SIP) and Systematic Withdrawal Plan (SWP) are very crucial. Here, we will help you understand how these tools can pave the way for a stress-free retirement.
rediffGURU Radheshyam Zanwar offers guidance on the various courses students can pursue after completing Class 10 and 12.
While MBBS continues to be the most sought-after stream for medical aspirants, post pandemic, the demand for skilled nurses and physiotherapists are on the rise, notes Nayagam PP, career counsellor and founder of EduJob360.
Do you have financial planning or income tax queries? Ask rediffGURU Anil Rego.
India Inc may offer an average salary hike of 9.6 per cent in 2024, similar to the actual increase last year, according to a report released by global professional services provider Ernst & Young (EY). The 'Future of Pay 2024' report states that the highest salary hikes are expected in e-commerce (10.9 per cent), financial services (10.1 per cent), and 10 per cent each in professional services and real estate. The expected hike will be lower than the 10.4 per cent seen in 2022. In 2023, the highest salary hikes were seen in e-commerce (10.5 per cent), and 10.4 per cent both in auto/vehicle manufacturing and financial services.
The Supreme Court of India has invalidated the appointment of 25,753 teachers and other staff in West Bengal's state-run and state-aided schools, deeming the selection process "vitiated and tainted." The court ordered the state government to conduct a fresh selection process within three months. The decision comes after a Calcutta High Court verdict in April 2024, which also annulled the appointments. The apex court, while upholding the high court's order, made some modifications, including exempting disabled employees from returning their salaries. The case stemmed from alleged irregularities in the 2016 recruitment process by the West Bengal School Service Commission (SSC), involving OMR sheet tampering and rank-jumping. The Supreme Court had previously termed it a "systemic fraud." Former West Bengal education minister Partha Chatterjee and Trinamool Congress MLAs Manik Bhattacharya and Jiban Krishna Saha are among the accused being investigated in the recruitment scam.
Several FIITJEE centres in Delhi-NCR have abruptly shut down, leaving students and parents who paid lakhs of rupees in fees in a difficult situation. The closures are attributed to non-payment of salaries for months, leading to teachers resigning and joining other coaching institutes. FIRs have been registered against two FIITJEE centres in Noida and Ghaziabad, highlighting allegations of criminal conspiracy and breach of trust. Parents are concerned about their children's academic future and are seeking answers and solutions from FIITJEE.
Rishabh Pant's IPL 2025 campaign hit a new low -both statistically and symbolically - on Sunday, at the HPCA Stadium in Dharamshala.
A disgruntled driver allegedly set a minibus on fire near Pune, killing four employees and injuring ten others. The driver, Janardan Hambardekar, was angry after his salary was cut and procured benzene to start the fire. He is currently hospitalized and will be arrested later.
Entry level engineers for these roles can be paid between Rs 4 lakh to Rs 8 lakh annually, which can go beyond Rs 30 lakhs for people with more than eight years of experience.
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
Trump on Friday said he would pay out of his pockets the overtime for astronauts Barry "Butch" Wilmore and Sunita "Suni" Williams, who returned to Earth this week after spending nine months in space.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
As Arya walked back to the pavilion after scoring eight off nine balls, Digvesh, his teammate from the Delhi T20 League, mimicked writing a letter -- an act seemingly directed at Arya.
The minister's remarks came a day after Assembly Speaker Vijender Gupta wrote to chief secretary Dharmendra over Delhi government officials allegedly not responding to letters, phone calls or messages by the MLAs.
Bombay Shaving Company CEO Shantanu Deshpande highlights the alarming trend of people in their 40s losing their jobs, calling it a 'financial and emotional disaster.'
A majority of employees surveyed are dissatisfied with their current work-life balance mainly due to lack of flexibility in work hours, a report said on Monday. A significant 52 per cent of respondents have expressed dissatisfaction with how they manage personal and professional responsibilities, while only 36 per cent have reported being satisfaction with their current work-life balance, said the report by staffing and HR solutions provider Genius Consultants.
Haryana Chief Minister Nayab Singh Saini announced that the state will provide 20 percent reservation for Agniveers in the recruitment of state police. The move aims to secure the future of Agniveers by providing them with jobs after their service period in the armed forces. This builds upon a previous announcement by the state government to provide a 10 percent reservation for Agniveers in various government positions. The state government is also offering various other benefits for Agniveers, including financial assistance, job training, and priority in obtaining gun licenses.
Bharatiya Janata Party on Thursday issued a three-line whip to all of its Lok Sabha MPs asking them to be present in the House for the passing of the Union Budget 2025-26.
Computer science has been an evergreen choice among engineering aspirants. However, with the rise in AI, students are increasingly realising the potential of automation and robotics.
Byju's founder Byju Raveendran on Saturday said the edtech company will not be able to pay salaries to employees as the recent funds raised through a rights issue are inaccessible due to a legal dispute with certain investors. In a letter to staff, Raveendran said the rights issue, launched a month ago, has been successfully closed. "This was supposed to be a happy correspondence.
'He has been one of the clearest thinkers in the history of business.'
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
'Unless banks focus on the Rs 10-15 lakh loan segment, growing affordable housing will remain a challenge.'
The share of companies where it would take over 100 years for a median employee to earn the equivalent of their top executive's annual salary rose to 65 per cent in FY24 from 61 per cent in FY19.
Three men in Aligarh, Uttar Pradesh, received income tax notices demanding crores of rupees despite earning meager salaries, highlighting the growing issue of identity theft in India. The victims, who earn between Rs 8,500 and Rs 15,000 per month, were shocked to receive notices for Rs 33.88 crore, Rs 3.87 crore, and Rs 7.79 crore respectively. The authorities believe that businesses have been conducting large-scale transactions using forged Aadhaar and PAN cards in the names of these individuals.
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