The West Bengal cabinet has decided to discontinue assistance-oriented schemes based on religious categorisation for Imams, muezzins and purohits from June. The cabinet also approved the 'Annapurna' scheme of Rs 3,000 monthly support to women from June 1, and granted in-principle consent for their free travel in state-run buses.
As per the survey conducted by HR consulting firm Right Step Consulting, the salary hikes for India would decline to 11.54 per cent in 2012 from 11.89 per cent in 2011.
Infosys, as part of performance improvement programme, allows 'poor performers' to undergo training to get into shape.
The stalemate between the Karnataka government and doctors over salary hike shows no sign of ending, as over 4,000 doctors submitted their resignation letters en-masse in Bangalore on Tuesday.
The planned 3 per cent increase in pay would be across executives, middle management, supervisory and clerical positions, global consulting firm Hay Group said in a recent report.
The Indian government has increased the salaries of Members of Parliament (MPs) by 24 percent, effective April 1, 2023. This increase was based on the Cost Inflation Index and brings their monthly salary to Rs 1.24 lakh. The notification also included increases in daily allowances for sitting members, pension, and additional pension for former MPs. While some MPs welcomed the increase, others expressed dissatisfaction and instead advocated for a rise in the MP Local Area Development Fund (MPLADS). The increase has been implemented based on the Salary, Allowances and Pension of Members of Parliament Act and the Cost Inflation Index specified in the Income Tax Act of 1961.
Tata Consultancy Services (TCS) announced a 12.22 per cent increase in its net profit for the March quarter, reaching Rs 13,718 crore, alongside a 9.64 per cent rise in revenue from operations.
The year 2007 promises to be a harbinger of higher salary for Indians, as wage increments are predicted to be the highest in the world, says a survey.
More emphasis will be on performance-linked packets.
In terms of MLA salaries, Odisha is followed by Telangana (about Rs 2.7 lakh), Maharashtra (Rs 2.6 lakh), Manipur (Rs 2.5 lakh), and Uttar Pradesh (Rs 2.4 lakh).
IT attrition rate is expected to be around 12% to 13% this year.
Workers at an automotive components factory in Haryana, India, protested for two days demanding the implementation of a minimum wage hike announced by the state government. The protests led to detentions and police action, highlighting tensions over wages and working conditions.
Hopefully, the BJP will realise that it's the right time for parivartan (change) in its polarising poll strategies after achieving the impossible-looking goal of winning West Bengal, argues Sheela Bhatt.
Good work culture has emerged as a bigger attraction than a salary hike, says a survey.
Over 200 professors of IIT-Bombay on Monday went on mass leave demanding pay parity with government scientists.The salary hike demand is also to attract faculties to join IITs, he said, adding the government has announced setting up of eight new IITs across the country and 8,000 professors are needed for that.
Following through announcements with enforcement of measures is key, as a run through recent Indian economic history shows, points out A K Bhattacharya.
In the light of the current economic slowdown, what raise do you expect?
Notwithstanding the COVID-19 second wave hitting the nation hard, Indian organisations have displayed resilience, and the salary increment is being projected to grow from an average of 8.8 per cent this year to an estimated average of 9.4 per cent in 2022, according to a survey. According to the Aon's 26th Annual Salary Increase Survey released on Tuesday, most businesses have an optimistic view going into 2022, with 98.9 per cent of companies intend to give salary increases in 2022, as compared to 97.5 per cent companies in 2021. There is positive sentiment across most sectors, and India Inc is firmly on the path to recovery, with most firms projecting salary hikes back to FY 2019 levels by FY 2022.
As many as 65 per cent of the 233 companies surveyed across the region plan to provide base salary hikes for executives, compared with only 30 per cent in 2009.
India Inc likely to keep average salary hikes at 11 per cent in 2015, with medical life sciences sector expected to dole out the highest pay raise, says a survey by Mercer.
Infosys' board has approved annual performance-based stock grants worth Rs 51.75 crore for Chief Executive Officer and Managing Director Salil Parekh, aligning with his tenure ending in March 2027.
'Companies will need to revisit compensation structures, contracts, staffing models, and human resources system.'
Uttar Pradesh Labour Minister Anil Rajbhar has alleged a 'well-planned conspiracy' behind the recent violent protests by workers in Noida, suggesting a possible link to Pakistan in light of recent terror arrests.
India has shown the highest average salary increase in the Asia-Pacific region during 2004, beating China, Korea and Japan, according to a survey by global human resources firm Hewitt Associates.
The year 2015 is likely to see an average pay increase of 11.3 per cent across job roles.
Agarkar had previously applied for the position in 2020 but was not selected at that time.
According to the survey by Hong Kong-based HR Business Solutions, Asia Pacific's average pay increase (expected) for 2010 is 4.8 per cent, higher than an actual pay increase of 3.2 per cent in 2009.
India and China are the only two countries who have reported a slight dip in pay hike.
The estimated 10 per cent average hike in 2019 is at par with the actual rate of increase in the previous three calendar years in India
The discord between the Samsung workers affiliated to the Samsung India Thozhilalar Sangam and the company management over wage hike has been amicably resolved with the company agreeing to increase the wages, Tamil Nadu Labour Minister C V Ganesan informed on Monday. Noting that employee welfare remained a top priority for it, Samsung India said the company 'constructively engaged' with all its workers at the Chennai plant and was delighted to announce a mutual agreement to enhance wages and benefits for the next three years.
With Income Tax Act 2025 in force, your tax choice can quietly cost you big money if you're not paying attention. Ramalingam Kalirajan explains how
The increment percentages have dropped by 1-2 per cent across levels compared to last year.
Tata Consultancy Services (TCS) will hand out across-the-board salary increments for 2021-22, becoming the first IT services company to do so. The salary hike roll-out will benefit nearly 4.7 lakh employees of the company. The average increment band for offshore employees is expected to be 6-7 per cent as per norms, sources privy to the development told PTI. This would be the second salary hike within six months by TCS.
The government on Friday decided to bring an ordinance for hiking salaries of Chief Justice of India, judges of the Supreme Court, Chief Justices and judges of High Courts. The revised salary of the Chief Justice of India would be Rs 1 lakh per month and Rs 90,000 per month for the judges of the apex court.
The Parliament on Tuesday passed the much talked about Bill to hike the salaries of Members of Parliament by over three times from Rs 16,000 to Rs 50,000 and doubling two of their key allowances to Rs 40,000 each, with the Rajya Sabha approving the measure. The Salary, Allowance and Pension of Members of Parliament (Amendment) Bill, 2010, has already been passed by the Lok Sabha.
The country's largest software vendor Tata Consultancy Services (TCS) on Tuesday said it will review salary increment plans by this month-end as signs of revival of demand in the sector get stronger by the day.
India's largest IT services company Tata Consultancy Services (TCS) on Wednesday informed employees that it will roll-out wage hikes for about 80 per cent of workforce, covering mid to junior levels.
HR Guru Mayank Rautela offers practical advice.
Full service carrier Vistara will hike salaries of its pilots and cabin crew by up to 8 per cent from April amid deployment of higher capacities to meet rising travel demand, according to a source. The source also claimed that some 30 pilots have quit the airline in the last six months and are serving notice period after getting job offers mainly from the Gulf carriers. On Thursday, a senior Vistara official confirmed the salary hike for the pilots and cabin crew but denied that 30 pilots have left the airline.
