In far-reaching reform measures to the salary structure of an estimated 4.5 million central government employees, the sixth Pay Commission report submitted to the finance ministry today recommended an across-the-board effective salary hike of about 28 per cent, performance-linked increments, fewer holidays and a new medical insurance scheme.
He said companies with a good strategy, technology, capital, liquidity and a motivated team will emerge as winners after the crisis.
Promoter of Ranbaxy Laboratories, Malvinder Mohan Singh, not only sold a strategic stake in his company to Japanese pharma major Daiichi Sankyoand, he even managed to get a good increment for himself. According to the company's extraordinary general meeting notice, Singh will now earn a salary and allowances of Rs 25 crore per annum as against Rs 19.58 crore earlier.
Overall, small savings have amassed Rs 1.17 trillion from April-September - 26 per cent more than the previous year. But in those six months, the economy lost 24 per cent in the first three months, and is slated to lose 10 per cent in the second quarter.
Agniveers once enrolled into the Indian Air Force, will be governed under the Air Force Act 1950, for a period of four years.
It will help customers raise the eligible amount by up to 20 per cent and increase the tenure by up to seven years.
If someone does reduce his contribution, he should scale it back to the 12% level as soon as he can, suggests Sanjay Kumar Singh.
An impulsive decision to resign could eventually turn out to be a big career mistake, warns Srividya Kannan.
These companies, the study said, will have to either dip into its cash balance or borrow in short term.
Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
Upon implementation of the 7th Pay Commission the expected yearly burden on the central exchequer will be more than Rs 100,000 crore. Central government employees will get on an average a 24 per cent pay hike. Still, the unions aren't happy.
Waking up to the rising inflationary pressure on day-to-day life of their staff, a majority of Indian companies plan to dole out double-digit hike in the employee salaries and bonuses this fiscal, a survey has found.
Ravi Shastri will pocket around Rs 8 crore per annum, which is atleast a crore more than previous coach Anil Kumble's salary.
Sources said the promotions, most of those on the delivery side of the business, would be handed out before October.
The total salary and pension bill of the central government, which will also include Railway employees, will go up from estimated Rs 4.33 lakh crore to Rs 5.35 lakh crore during 2016-17
The same set of companies had reported 3.8 per cent annual net profit growth in the previous quarter and 7.5 per cent annual growth in the same quarter last financial year.
Suggestions have been invited from the public to improve the draft bill and July 19 is the last date for it.
The Street is especially looking forward to the management commentary to get a sense of its new direction
'As for tricky relations with China, India needs less of summitry type event management and more anticipatory analysis and management of events,' says Ambassador Jaimini Bhagwati.
Now govt employees to enjoy greater say in how their NPS corpus is invested. Younger employees should raise their allocation to equities in this very long-term investment instrument
Even as Chinese troops continue squatting on territory that we claim as our own -- this was the lowest allocation for defence in percentage terms since the 1950s, reveals Ajai Shukla.
Banks should try its best to retain talent.
We won't see a bigger decline in mining going forward, but it might remain flat in July-August 2014.
Even as both India and the world struggle to re-build after COVID-19, they face slow-burn problems that could develop into full-blown crises, observes T N Ninan.
'We tightened our risk frameworks once the Covid crisis started.' 'We are slowly lightening this as we see economic activity pick up, salaries getting restored, and people getting back into jobs.'
In the past three years, personal loans have grown at twice the rate of growth in personal disposable income, leading to a steady rise in household indebtedness. At the end of March this year, Indians owed Rs 25.2 lakh crore to banks and listed non-banking finance companies (NBFCs), up 65 per cent in the past three years.
Private sector investment is likely to improve mildly in H2 of FY17, even though signs from investment data are not encouraging.
From Accenture to IBM, IT hiring is set to gain pace where most of these openings are for lateral hiring for people with 4-6 years of experience.
'Even if the government does not implement an all-India NRC before 2024, it will be part of the party's long-term project.'
The 7th CPC places the Indian Police Service (and, almost in passing, the Indian Forest Service) on a level with the Indian Administrative Service, leaving the military out in the cold.
'Should the most important part of economic reform not comprise the way we look at the fiscal deficit?', asks T C A Srinivasa Raghavan.
Every financial plan needs to be tweaked periodically.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The move comes after Neeraj Kanwar's reappointment as managing director was rejected by minority shareholders owing to his salary, which increased in spite of a fall in the company's profitability.
PSB branches will work fulltime on the 1st and 3rd Saturday.
EPFO may start investing up to five per cent of its incremental corpus in the equity market.
Entry-level employees were the most disappointed.
