Wage

MC Explains: Karnataka's minimum wage hike proposal caught in a tug of war between industries and unions

While the state government has proposed an increase in minimum wages, industries are not enthused, saying it could force them to shut down or shift to other states. Trade unions, on the other hand, say the hike is imperative.

Port workers to go on strike to demand better wages, benefits

A strike by port workers could exacerbate the existing congestion issues at Asian and European ports, leading to further delayed shipments, which have a global impact on trade and commerce.

MSMEs to ask new government for phased implementation of labour codes

The MSMEs are apprehensive that the labour codes will increase their financial burden due to employee insurance, gratuity and a higher basic wage.

No, Labour Codes are not coming into effect from July 1

These are structural reforms and the ministry is for balancing labour welfare on one hand and ease of doing business on the other.

New code of wages: Your provident fund and gratuity components are set to rise

But if your salary is over Rs 15,000 the new Code of Wages may not materially impact your salary

Wages of persistent low growth can visit politicians

If the slowdown persists it could have a political fallout

India versus Bharat: the divide in working conditions

The divergence can only be bridged by getting underemployed workers out of stagnant agriculture and into the higher productivity formal sector

Fears of cash-less ATMs rise as 10 lakh banking employees go on a strike over wage hike

The IBA could meet the unions on June 12 to restart wage negotiations. Bank unions are demand a 15% percent as opposed to the meagre 2% offered to them.

Tech Mahindra tanks 10% as visa wage hike ups earnings risk

Analysts feel that as compared to IT peers, Tech Mahindra stands at a higher risk of losing revenue if higher minimum wage for H1-B is fixed.

Demonetisation impact to last longer than expected: Jean Dreze

Demonetisation will take an "awful toll" on the underprivileged, especially wage labourers, and its impact might be worse and last longer than expected, noted development economist Jean Dreze has said.

Wage payout of Rs 56,000 cr not to upset Apr-Aug fiscal math

The government had in July announced that it will pay its employees arrears arising out of implementation of the 7th Pay Commission award at one go in August salary.

Govt hikes minimum wage; Unions stick to Sept 2 strike call

Finance Minister Arun Jaitley, who heads an informal group of ministers constituted to address labour issues, said the minimum wages for unskilled non-agricultural workers will be hiked to Rs 350 per day from the current Rs 246.

7th Pay hike may raise consumption to 8%: Stocks you can buy now

Though 7th pay hike is lower than in 6th Pay Commission and the arrear payouts are likely to be lower, analysts still expect a consumption boost. Citi economists expect consumption growth pick up to 8.4 percent in FY17 from 7.6 percent in FY16 (marginal downside risks from potential delays in implementation of allowances hike).

Good crop recovery, firm tea prices to lift FY17 earnings:Mcleod

Kamal Baheti, CFO of McLeod Russel expects margin to expand to 13-15 percent in FY17 from 8.5 percent last year on lower wage hikes and firming up of tea prices.

Price hike not sufficient for Coal India to offset wage hike

Goldman Sachs says that the Rs 3230 crore additional sales from price hike is lower than what will be needed to offset effect of five yearly wage negotiations due in FY17.

Govt to bring a bill for mandatory national minimum wage

Winding up a debate on the Payment of Bonus (Amendment) Bill, 2015 in the Lok Sabha, Labour Minister Bandaru Dattatreya also said that following the recommendations of the second national labour commission, 44 central labour laws would be converged into four codes.

Janet Yellen just got some pretty bad news

One of the main economic factors for Fed officials when it comes to assessing the right time to start hiking rates is wage growth, tied with the consumer spending that is supposed to follow. There was bad news on both fronts in economic data released Friday morning.

Unemployment rate up at 4.9% in 2013-14: Labour Bureau

The unemployment rate inched up to 4.9 percent at all India level last fiscal, from 4.7 percent in 2012-13. On the positive side, the unemployment rate dropped in urban areas to 5.5 percent in 2013-14, from 5.7 percent in the previous fiscal.

Is Asia the best place for women in finance?

Eighty-four percent of finance professionals in Asia Pacific would recommend their company to a female friend, compared with 82 percent in the US, 80 percent in Europe and 66 percent in the Middle East, according to a global survey.

NREGA wages to rise 10% if linked to rural CPI: Pronab Sen

The government had announced maintaining NREGA wages at Rs 100 in real terms and Pronab Sen, Head of the Statistical Commission, was required to suggest an index that will be followed to determine the increment in wages.

Factoring inflation, wages in India to rise by just 2%: ECA

Employees in mainland China look set to experience some of the highest wage rises in the region, both before and after inflation is factored in, the report said.

M&M labour woes continue, no agreement on wage hike

CNBC-TV18‘s Sunanda Jayaseelan reports that the agreement which was to be signed by April 15 for the ongoing wage negotiations at M&M's Nashik plant, is no closer to being signed due to no agreement on increase in production capacity and stalled wage hike.