Presenting the Budget for 2019-20 in the Lok Sabha, Finance Minister Piyush Goyal also said Rs 35,000 crore has been given under the One Rank One Pension scheme in the last three years.
HUL, the country's largest FMCG company, saw sales volume fall by 4% for the December quarter.
Indian companies are likely to shell out an average salary increment of 10.3 per cent in the current fiscal with employees in pharma, health care and life sciences projected to get 12.4 per cent raise, says a survey.
Globally, the viability of on-demand businesses is being questioned
Over 2,000 workers, including 1,400 Indians, who went on strike five days ago in Bahrain said they have reached a verbal agreement with company representatives for a hike in their salary, paving the way for work to resume at the country's largest development project.
Gujarat and Jharkhand are most favourably placed in terms of smaller share of public sector employees and lower liability on pension, wages and salaries.
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Largest software exporter TCS said it will keep its campus hiring target flat at 25,000 next fiscal and also ruled out pay revision for those joining next year.
The players, who have signed up for this year's Indian Premier League, might not be paid if the T20 league is called off due to the coronavirus pandemic.
The biggest worry is not the shrinking of the labour market, but the collapse of good jobs.
In the Union Budget presented in Parliament by Finance Minister Nirmala Sitharaman, a total of Rs 1,52,369 crore has been set aside for capital expenditure that includes purchasing new weapons, aircraft, warships and other military hardware.
The market players were expecting that if long-term gains are taxed, the STT would go. But this has not happened, says Debashis Basu.
Around 200 Delhi, Andaman and Nicobar Islands-cadre officers have threatened to go on mass leave on Thursday in solidarity.
Murthy said there was a need to change the mindset of the employees to focus on large deals.
According to sources close to the development, the newly formed body -- Maruti Suzuki Workers' Union -- has submitted a list of about 20 demands to the management for consideration while finalising the three-year wage settlement agreement.
Entrepreneurship is about confronting brutal realities of life where you have to take the risk on a daily basis.
Indian IT workers accounted for nearly 90 per cent of visas issued under the intra-company transfer route
A proposed 24 percent hike in the salaries of 2.6 million employees and pensioners, will land the railways with a wage bill of about $4.7 billion.
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.
Accusing the state government of ignoring their long-pending demands, the doctors had threatened to go on an indefinite strike ten days back if their issues were not addressed.
The pay hike has been made effective from January 1, 2016.
Adapting to the new hybrid normal of remote and office work, cautiously optimistic corporate are looking to hire more people and provide better appraisals in the new year as they step out of the pandemic-ravaged 2020. The coronavirus pandemic emerged as the biggest inflection point for the Indian job landscape. For the corporates, work-from-home and remote workers became the new normal and for the professionals, online learning and digital skills took centrestage.
Unlikely to follow Pune model where a bifurcated package had a portion of pay linked to performance
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Led by fast-growing sectors such as telecom, consumer durables and real estate, HR experts feel that hiring is most likely to jump.
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After a series of suicides at Foxconn, Apple Inc's chief executive Steve Jobs said that Foxconn, the global contract manufacturer that assembles iPhones and iPads in China, "is not a sweatshop."
Another major development is REITs coming closer to reality
In a major boost for Chennai Super Kings and Rajasthan Royals -- the two teams who are making a comeback after serving a two-year ban -- they will be allowed to pick from the players, who turned out for Rising Pune Supergiants and Gujarat Lions squad in IPL in season 10.
Act says remuneration to directors and key managerial personnel should involve a balance between fixed and incentive pay.
Online learning platforms have become go-to places for those suffocated by the current curbs on movement.
Electricity tariffs to go up as coal cess is doubled.
The abolition of fringe benefit tax will help employees save 3 per cent on their employee stock option plan.
Miss the March 31, 2018 deadline to file belated tax return for FY16, and risk an I-T notice and a hefty fine.
A couple of days earlier, IIM Ahmedabad said it would hike the fees for its two-year PGP course.
The culture clash isn't the only issue - most of the founders are still wary of risky bets while the new management thinks calculated aggression is necessary in the new world of business, says Shyamal Majumdar.
The Indian board (BCCI) will consider a further increase in salaries for its contracted players after leading cricketers expressed dissatisfaction with the pay raise announced last month.
