Going by the current pace, IT firms are likely to exceed the manufacturing sector in salary payouts over the next five years.
Loss of confirmed orders, increase in wages and labour shortage were blamed on the scheme in a survey of 100 companies from diverse sectors.
'All parties and the government acknowledge that there we are in trouble and there is more trouble ahead,' observes Aakar Patel.
While those who attended 'Livelihoods in Lockdown' learnt a lot, was anyone from the government listening?
Delhi BJP chief Tiwari said each poor family will be provided good quality, subsidised 'atta' (wheat flour) at a rate of Rs 2 per kilogram. The BJP will bring an ambitious 'Samridh Delhi Infrastructure Scheme', with a provision of Rs 10,000 crore, to ensure "focussed and priority" development of roads, flyovers, foot over-bridges and other key infrastructure projects, the manifesto stated. The manifesto promises to set up a 'Colonies Development Board' for undertaking development of various civic amenities.
According to Association officials, Indian Banks' Association offered only a 11.5 per cent increase in hike compared to 17.5 per cent offered in 2011-12.
The problem comes with paying the bill. Certainly at the senior levels, where the pay is derisive (though the perks are not), there has always been a strong case for paying more -- indeed, much more than what even the Pay Commission has awarded.
The government on Thursday approved the Sixth Pay Commission recommendations, heaping civil and defence staff with a salary hike bonanza on the eve of the country's 61st Independence Day.
Responding to a series of questions on the situation in Jammu and Kashmir during Question Hour, Shah also asserted that not a single person has died in police firing after August 5 when the special status accorded to Jammu and Kashmir was scrapped.
The centre pays only an insulting Rs 200 per pensioner each month at a tight-fisted 0.04 per cent of GDP, among the lowest in the world. Instead, as illustrated by Jean Drze, one option is for NYAY to provide individual rather than household entitlements to all pensioners of at least Rs 1200 per month.
The government is doing things in agriculture that count for little, says Shreekant Sambrani.
'We are very watchful about inflation and growth. But the main challenge is economic revival and growth.'
India's fiscal deficit, including the Centre and states, would be among the highest in the world and likely to be 10.3 per cent of GDP in the current fiscal and 10 per cent in the next fiscal, financial services firm Goldman Sachs said on Friday.
"Workers and businesses are facing catastrophe, in both developed and developing economies. We have to move fast, decisively, and together. The right, urgent, measures, could make the difference between survival and collapse," ILO Director-General Guy Ryder said on Tuesday. Worldwide, two billion people work in the informal sector (mostly in emerging and developing economies) and are particularly at risk, the report said, adding that the COVID-19 crisis is already affecting tens of millions of informal workers. "In India, Nigeria and Brazil, the number of workers in the informal economy affected by the lockdown and other containment measures is substantial," ILO said.
Ajit Balakrishnan offers a thinking man's guide to the angst of the professions.
The root of the problem, according to industry officials, is the sudden stoppage of lines of credit to tea plantation companies.
'India's economy faces further downside risks from sluggish private investment and rural demand weakened by slow wage growth.'
In order to determine whether this would be sound strategy for them, one needs to look at two issues: One, on the alliances being built globally between telcos, on one hand, and cloud service firms, on the other, especially with the advent of 5G; and two, how their business strategies in India will blend into with such a deal.
The proposed annual quota for Indian companies could be between 10 and 15 per cent. Currently, there are no country-specific limits on H-1B allotment.
The Nielsen survey was conducted online and covered more than 30,000 consumers across 60 markets.
'The focus for IT companies will shift from adding scale to building a smaller, more specialised, talent pool with specific domain expertise,' says Shyamal Majumdar.
The top court asked the Centre to file a compliance report within four weeks on payment of salaries and quarantine facilities to doctors and healthcare workers and warned that non-compliance would be viewed seriously.
Have you or someone you know suffered health complications as a result of cell phone usage?
Racing Point have put the cash-starved Force India days behind them and now have the resources to show Formula One what they can really do, the Canadian-owned team said.
Employers in India have no choice but to pay high salaries to their staff, with industrial growth demanding more manpower.
The number of new jobs created declined by around 65 per cent to 64,000 in April-June 2017, from 185,000 in January-March 2017, according to the Labour Bureau's quarterly report on employment.
'I want to ask Modiji is the support price announced by him good enough to make a farmer's sons to start farming in their villages?' 'Can he swear by Bharat Mata and say that is true?'
The UPA government's decision to ensure a minimum pension of Rs 1,000 a month under the retirement fund body EPFO's scheme, which will immediately benefit 28 lakh pensioners, is going to be a reality soon.
Observing that the economic recovery was not yet fully entrenched, the RBI Governor said recovery is likely to be gradual.
The paper projects that there will be zero unemployment in 2009 if the economy grows at 9.1 per cent and the labour force continues to grow at 2.93 per cent.
Obama is soon expected to sign the bill that was also passed by the House of Representatives.
United States President Barack Obama on Tuesday vowed to focus on job creation and faster economic growth as the US senate passed the debt ceiling bill to avert a major economic crisis at the last moment.
Behind the movement are shock-workers functioning quietly to ensure that a seemingly spontaneous, apolitical, grassroots mobilisation sustains itself without dribbling into chaos or violence. Sai Manish lists some of them.
India has demonstrated a double digit growth in salary hike for the fourth year running, the highest in Asia Pacific region, with global HR consulting firm Hewitt Associates forecasting an average 14.5 per cent wage hike in 2007.
In the latest draft of the Code on Social Security Bill, 2019, the government has decided to stick to the current thresholds for providing social security benefits to workers by industry.
Hundreds of university students, including foreigners, are being trained in militant camps in Pakistan-occupied Kashmir to wage 'jihad' against India, BBC Urdu Service has reported.After a lull, several militant outfits have increased their activities in and around Muzaffarabad, the capital of PoK, and pro-Jihad slogans can be seen on the walls of the city, said the report.
In fact, since 2013, China has become the largest market for robots.
The immediate need is to put more money in the hands of agriculture-based and rural households to improve their purchasing power, says S Mahendra Dev.
In the past five years, the US has seen nearly two dozen Bills on employment visas introduced without success. But this time it is different, industry sources tell Ayan Pramanik.
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