A public sector unit employee on an average received an annual salary of Rs 6.09 lakh (Rs 609,000) in 2009-10, with total emoluments increasing more than 100 per cent in the last four years.
The Union Cabinet on Monday deferred a decision on hiking the salary and allowances of Members of Parliament though the issue was discussed in detail.
A fire broke out at a Central Reserve Police Force installation in New Delhi in the wee hours of Saturday, killing a head constable and damaging numerous official records and goods.
Stephen Schwarzman, CEO of investment company Blackstone Group, got a total of $702.4 million: of this $699.7 million was received in shares vested after the company's public offering.
The impression is that few public functionaries paid out of taxpayers' money feel answerable to anyone, least of all to the public.
Given how the brief strike by state-owned oil sector officers raised the spectre of a fuel drought across the country, the government deserves to be congratulated for deciding to take tough action and threaten to arrest striking officers, since this is what finally broke the strike. The fact that the emoluments of some of the striking workers were made public didn't help their case either, since these showed the managers to be amongst the better-paid in the public sector.
The Sixth Pay Commission on Monday recommended an increase in the salary of chairpersons of regulators, including Sebi, Trai and Irda, to up to Rs 300,000 per month and delink them from government salaries, a move to attract expertise from outside the government. Those appointed as members through the revised process should be paid a consolidated salary of Rs 1,50,000 per month, while the chairperson may be paid Rs 2,00,000 per month, in case a car and house are provided.
The government has enhanced the emoluments of the President, the Vice President and governors to Rs 1.5 lakh, Rs 1.25 lakh and Rs 1.10 lakh respectively. The Cabinet secretary and defence chiefs too have been given substantial increments.
Applications are invited for pursuing PhD Degree in the Institute in various areas of Information Technology, Management, Information Security and Bioinformatics.
In a significant gesture to the men in battle fatigue, the Sixth Pay Commission on Monday elevated the three defence services chiefs to be among the highest paid public servicemen drawing a salary of Rs 90,000 per month equivalent to the cabinet secretary. The 3 chiefs were drawing a fixed monthly pay of Rs 30,000 per month. The Commission elevated the rank of the Director General Armed Forces Medical services to the Secretary, Government of India, with a salary of Rs 80,000.
The salaries for August were to be paid in two instalments -- 50 per cent by September 11 and the remaining by September 26.
The fall in investment rate is not surprising. But putting it together with rising share of wages in GVA, it shows that the focus is more on productivity, rather than adding new capacity, says Pronab Sen, former chief statistician of India.
Amid demands that MPs should not be allowed to decide their salaries, the government has proposed to set up a three-member panel to recommend pay and perks of lawmakers.
The long injury-induced lay-offs of players including Sachin Tendulkar and Laxmipathy Balaji have prompted the BCCI to consider tightening loose ends.
Aimed at ensuring a smooth buyout of Air Sahara by Jet Airways, Sahara Group chairman Subrata Roy on Thursday assured full job protection
With effect from January 1, 2006, pension is calculated with reference to average emoluments.
The Cabinet on Friday gave mandate to the 7th Pay Commission for revising salaries of over 50 lakh central government employees and remuneration of 30 lakh pensioners.
The Telangana government is examining the issue of increasing the salaries of the members of legislative assembly and the council in view of their "grossly inadequate" pay structure.
The move comes following the implementation of the 7th Pay Commission's recommendations which has created an anomalous situation in which the salary of the President is Rs 1 lakh less than that of the country's top-most bureaucrat, the Cabinet secretary.
Demands include 5-day banking, PF to be calculated on total salary and allowances, not only on basic
Trump paid an effective tax rate of 24 per cent and saved millions of dollars in additional taxes by claiming the losses, according to the document, the first two pages of which were obtained by Pulitzer Prize-winning journalist David Cay Johnston and first shared on "The Rachel Maddow Show.
The judges' committee recommended a pay hike of Rs 2.8 lakh for SC judges, Rs 2.5 lakh for HC judges.
Future, even present, wars -- at least those involving such tech giants as China -- include hi-tech battlefields, which a Pakistan-obsessed India has not sufficiently prioritised. Today's generals plan on how to disrupt an enemy city's power supplies, rail networks, airports, ports, and government departments, not just by bombing or torpedoing them; they also examine the option of tripping up the computer networks that run these, notes David Devadas.
Here's a quick at the two cousins, Akash and Anmol.
Economy to grow by 7.2-7.5 per cent in second half of current fiscal, says FM.
The CFO will formulate the accounting policy of the bank, maintain the internal accounts and report financial results, and carry out corporate strategy functions like PF policies.
The move of the Tamil Nadu government to release seven convicts in the Rajiv Gandhi assassination case generated heat in Lok Sabha on Thursday with Congress and AIADMK members clashing on the issue.
Jaitley said a 10 per cent tax long on capital gains exceeding Rs 1 lakh made from the sale of shares has been introduced but those made till Janaury 31 would be grandfathered. A 10 per cent tax on distributed income by equity oriented mutual funds has also been proposed in the budget.
Justice Sikri, the second senior-most judge in the apex court after Chief Justice of India Ranjan Gogoi, was part of the three-member panel along with Prime Minister Narendra Modi and senior Congress leader Mallikajurn Kharge which decided on removal of Alok Verma from the post of Central Bureau of Investigation director.
Rajasthan's teachers plan to teach Vasundhara Raje a lesson.
The transformational reforms like GST, Bankruptcy Code and recapitalisation of banks, Black Money Act, demonetisation, flexible inflation targeting and adoption of fiscal discipline (FRBMA), etc, have temporarily and purposefully pulled us back only to propel us forward with greater velocity, Rajiv Memani.
Analysts are of the opinion that 55 may emerge as the new age to retire for techies in India
Addressing the nation on the 70th Independence Day from the Red Fort, the prime minister had announced a 20 per cent hike in the pension for freedom fighters.
Syed Firdaus Ashraf/Rediff.com finds out how the government is seeking to change the RTI Act, and what impact it will have on the Right to Information.
The court also questioned how Amrapali Group could mortgage the entire projects and secure loan worth thousands of crores of rupees from banks when it was only an agent to develop the property.
Air India is running into losses
Several members in a parliamentary panel have pitched for quick implementation of the Centre's proposed move to double salary and allowances of MPs and insisted that report of any government-constituted committee on the matter must be channelled through it.
Indian employees of the United States embassy and consulates in India are being grossly underpaid in comparison to their American counterparts working in these missions, according to information made available to the government.
The employers often split wages into different allowances to reduce their PF liability and also increase the take home pay of their workers.
