Soon after Law Minister Ravi Shankar Prasad moved the High Court and Supreme Court Judges (Salaries and Conditions of Service) Amendment Bill, 2017 for discussion and passage, many members were on their feet demanding a hike of salary of Members of Parliament (MPs).
The airline spent around Rs 2,316 crore in FY17 on salaries of 15,000 employees, out of which 2,000 are pilots that account for nearly half of the wage bill. In addition, employee cost was up by 26 percent on a year-on-year basis for the period.
A report by Economic Times Intelligence group on the salary drawn by CEOs of Nifty companies‘ pegs average annual remuneration at Rs 13 crore, nearly 237 times the median pay scale drawn by other employees at their respective company.
According to a senior official, with this loan amount, the government has so far given Rs 1,304 crore to the BJP-led NDMC this fiscal.
Laws which amended the Unlawful Activities (Prevention) Act and the ones dealing with salaries and pensions of the President and the Vice-President are set to be repealed in the coming days.
IT companies dependent on offshoring will face difficulties, said Moshe Katri, MD of Wedbush Securities adding that cap on wages is not likely to change.
Banks are bracing up to face a huge rush in the coming days as people will queue up at branches across the country to withdraw salaries with a large number of ATMs remaining dry even 21 days after the demonetisation of 500 and 1000 rupee notes.
According to the 2016 Salary Budget Planning (Q3) Report released by global advisory, broking and solutions company Willis Towers Watson, salaries in India are projected to rise 10 percent in 2017, same as the actual increase in 2016.
Nearly 31 percent of the 7,221 people who were covered in LocalCircles' 'mood of the economy' poll said they will be spending big this festive season.
In an exclusive interview over e-mail to moneycontrol.com, Gupta has squarely blamed the Malaysian investor which has so far invested about US$300 million for closure of the company
Small companies often find it difficult to compete with big firms in attracting talent. Big, multinational firms have a lot to offer. Employees get fat salaries, brand name, a host of benefits, and maybe even free meals.
The issue of hike in salaries of MPs is under consideration of the government, a Parliamentary panel was informed today.
Depending on your source of income, you will have to use the right form while filing income tax returns.
Salaries are likely to jump by an average 10.7 percent in July-December, with e-commerce and life science sectors expected to hand out bigger pay packets, says a study.
In an interview with CNBC-TV18, Vivek Rae, Member of the 7th Pay Commission, talked about his takeaways from the government's approval of the recommendations of the pay panel.
The findings are based on a survey that covered over 5,500 companies in the APAC region and around 313 firms from India participated.
Country's premier technical institute, the IITs have decided not to reveal any pay package figures from this placement season following complaints of peer and parental pressure on students.
GVA is defined as output minus intermediate consumption. It is a balancing item of the national accounts' production account.
India's mushrooming workforce may have something to cheer about in FY16. The years of dealing with a tepid job market may be coming to an end, if a survey by American professional service firm Towers Watson is anything to go by.
US District Judge Lucy Koh in San Jose, California, had previously rejected an earlier USD 324 million deal as too low. During a hearing on Monday, Koh raised no objections about the size of the settlement as she had at an earlier court session.
Amid turbulent times in the aviation space, top executives of listed carriers have seen their salaries coming down, with low-cost SpiceJet's CEO taking the biggest cut.
Entrepreneurs who use their last-drawn salary as a benchmark of how much they expect to draw from funding could do with a reality check
Mid-tier IT firms such as Tech Mahindra and MindTree may raise salaries by 7-12 percent this fiscal to ensure they do not lose talent to top players TCS, Infosys and Wipro, according to HR service providers.
US consumer spending edged higher in December as incomes grew by the most in eight years, partly because of special dividends that companies paid workers ahead of new year changes in individual income tax rates.
Top Indian executives are expected to see their pay packets rise by a modest 9.4 per cent in the current fiscal, much less than previous years, as companies battle economic turbulence, says global consultancy Hay Group.