Dear readers, we had asked you to send in your personal finance queries to be answered by Basis founder and CEO Hena Mehta. Here's the first batch of responses.
Individual banks should break away from the industry pact and have their own settlements with the unions, recommends Tamal Bandyopadhyay.
In 2020, retail and e-commerce sector will lead the table and is expected to generate 112,000 jobs followed by IT & ITeS (105,500), FMCG (87,500), manufacturing (68,900), BFSI (59,700) and healthcare (98,300), the survey said.
Excluding the pension outgo, the allocation in the Union Budget for the armed forces stands at Rs 3.62 lakh crore.
The increases are expected to be in the 8 to 12 per cent range, which do not compare too badly with the 13 to 15 per cent increments of pre-slowdown years such as 2007-08.
A home loan is a long-term contract, so do shop around before signing on the dotted line, advises Sarbajeet K Sen.
From acquiring creative agencies, to setting up onsite innovation centres and turning around BFSI with entirely new digital offerings, 2018 had seen the IT industry going from initial lows to new highs.
With danger signals flashed in the Economic Survey, the Union Budget on Wednesday is likely to contain certain bold decisions to cut fiscal deficit and spendings laced with tax sops for the salaried class.
Remunerations dominated former India coach Anil Kumble's 19-page proposal on restructuring of contracts to the Board of Control for Cricket in India in which he had demanded that the 'chief coach should earn 60 percent of the captains' estimated earnings'.
The current wage revision for PSBs, as well as some private lenders, is due from November 2017 for five years - up to October 2022.
Assocham has also pitched for revision of the deduction of interest on housing loans to at least Rs 300,000 from the existing Rs 200,000
HR Guru Mayank Rautela offers practical advice.
Petrol price havock and Ash's Cannes outing
Of the 200 to 250 students who enroll in a graduate language course at Doon University annually, nearly all are assured placement in a range of companies like Amazon (France), AXA Insurance, Oracle and Capgemini.
For Railways Minister Suresh Prabhakar Prabhu, the Budget for 2016-17 on Thursday could well prove his toughest hour.
The Seventh Pay Commission had decided to choose the CPI-IW as the index for adjusting inflation for central government employees.
The outlay for defence sector almost remained unchanged compared to what was allocated in the interim budget on February 1.
IT-BPO firms, which are already facing a US slowdown and currency fluctuations, are now busy in firming up their plans to tackle a rising inflation in the country and its impact on salary, sales, general and administrative (SG&A) and travel costs, which can dent their profit margins.
Indian Cricket Board feel that President-elect Sourav Ganguly's cordial relations with both players and officials in Bangladesh cricket might help in salvaging the situation.
Mayank Mishra reports on how the Trinamool Congress government in West Bengal has been extending patronage to the ruling party cadre.
In a major bonanza to the salaried class, the government on Friday proposed to increase the income tax exemption limits from Rs 1.10 lakh to Rs 1.50 lakh, in addition to restructuring the tax slabs.
The workers' union has accepted the '10-step' pay hike to be granted to them by way of an interim measure by the civic transport undertaking's management.
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 pilots and other senior staff have not been getting their full salaries since December.
It can if your debit card belongs to a PSU bank
'After some time, they all want to know what is happening in their companies.' 'It is better they remain board members rather than talk outside.'
AIBEA is part of United Forum of Bank Unions, the umbrella organisation of employee and officer unions of nine banks, which has given the call for one-day strike on January 7 and four days from January 21 in support of their wage hike demand pending since November 2012.
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.
The recommendations will benefit 47 lakh central government employees and 52 lakh pensioners.
Demands include 5-day banking, PF to be calculated on total salary and allowances, not only on basic
While you go about it, please note that if it is difficult for you to keep your spending habit in check, all the benefits of getting a credit card limit increase will be pointless.
Motorola would permanently freeze its US pension plans from March 1, 2009, preserving vested benefits accrued by employees and retirees but eliminating future benefit accruals. ."Employees would not receive a salary increase in 2009," the company said.
Experts at various HR consultancies feel New Year 2010, would be considerably better in terms of salary hikes and hiring, although firms will continue to tread cautiously.
Stephen Constantine said he has accepted the contract extension offered to him by the All India Football Federation (AIFF), which will make him the longest serving national coach in the history of the sport.
His likable boy-next-door face and casual approach to public speaking have a unique appeal for the younger generation, but it stops there, observes N Sathiya Moorthy.
Uttar Pradesh Chief Minister Mayawati on Monday announced the state would revise the salary of an estimated 721,000 employees on the lines of the pay panel recommendations. The state commission, headed by Jagmohan Lal Bajaj, will submit a report on pay revision by December. The additional financial burden is estimated at Rs 5,189 crore (Rs 51.89 billion) per annum excluding arrears payment, which is pegged at Rs 14,775 crore (Rs 147.75 billion).
As per the announcement, financial assistance will be provided by the Centre to the states which may opt for these revised pay scales, to the extent of 80 per cent of the additional expenditure for implementing the revised pay scales for the duration from January 1, 2006 to March, 31, 2010. The Rs 9,000 crore include the assistance to be given by the Centre to the states till 2010 March.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices added 0.6% and 1.3%, respectively to touch their fresh lifetime highs.
The state is now under pressure to revise the salaries of its 800,000 employees, which would add to the strain of an already debt-laden state exchequer.
