Pay Hikes

  • JPMorgan chairman Jamie Dimon pay hiked from $11.5 mn to $20 mn January 27, 2014

    Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co, got a 74 per cent pay increase for 2013, when $20 billion of legal settlements weighed on the bank's income. The CEO received $20 million, including $18.5 million of restricted stock recently awarded, the company said in a public filing...
  • UPA constitutes 7th Pay Commission ahead of polls September 25, 2013

    New Delhi: In an effort to woo Central government employees before the next Lok Sabha elections, Prime Minister Manmohan Singh constituted the 7th Pay Commission on Wednesday. The new pay scale recommended by the Pay Commission will be implemented from January 1, 2016 as the government has given about two...
  • Pakistan cricketers expect pay hike with new central contracts May 6, 2013

    Karachi: Pakistan's top cricketers are expecting the PCB to give them another pay hike when the new central contracts for the year 2013 are given before the team leaves for the ICC Champions Trophy. Sources close to some of the players told PTI Sunday that they were expecting a pay raise...
  • Moderate pay raises in appraisal cycle this year: Survey April 17, 2013

    New Delhi: Senior professionals are likely to get increments in the range of 6 and 15 per cent in the annual appraisal cycle this year, says a survey by premier job search and career portal HeadHonchos.com. According to a snap poll conducted by HeadHonchos.com, professionals are forecasting moderate pay raises...
  • Queen Elizabeth's funding rises by $7.6 million April 4, 2013

    London: Queen Elizabeth II has received a 5 million-pound ($7.6 million) boost in annual funds the British monarch receives from taxpayers to carry out official duties, pay staff and maintain royal palaces. The Sovereign Grant has been set at 36.1 million pounds for the 2013/14 financial year, compared to 31 million...
  • Pak players may get pay hike in new contracts May 23, 2012

    Lahore: Pakistani cricketers, who will get central contracts later this month, can expect a pay hike between 15 and 25 per cent, an Pakistan Cricket Board (PCB) official said Wednesday. The official said that a recommendation of raising the monthly retainer fees and match fees by 10 to 25 per...
  • May Day: Asia's workers demand pay hikes May 1, 2012

    Manila: May Day moved beyond its roots as an international workers' holiday to a day of international protest Tuesday, with rallies throughout Asia demanding wage increases and marches planned across Europe over government-imposed austerity measures. Europeans will take to the streets to protest against the measures that are being blamed for...
  • Hefty pay hike for AP CM, Oppn leader March 17, 2012

    HYDERABAD: Chief minister Kiran Kumar Reddy, leader of the opposition Chandrababu Naidu and cabinet ministers are in for a whopping increase in salaries by the end of the budget session. The hike could amount to nearly three times their current emoluments.A bill to increase the salaries and perks drawn by...
  • Cabinet to meet today on MPs' revision in pay August 23, 2010

    New Delhi: After protests despite a three-fold salary hike, the Government could agree to another revision in pay for Members of Parliament (MPs), as the members demand for Rs 10,000 more in perks. The Union Cabinet is expected to approve the hike in a meeting later Monday morning. The new pay...
  • Our MPs earn 13 times less than US lawmakers August 20, 2010

    New Delhi: Even after a three-fold pay hike, Indian MPs still rank much below their fellow parliamentarians in other major countries in terms of their monthly salaries. With the Cabinet giving its nod on Friday to the MPs' pay rise besides doubling several other emoluments, the basic monthly salary of Indian...
  • IIT faculty, Govt resolve row; no change in pay October 3, 2009

    New Delhi: There will be no increase in the salary of the protesting Indian Institutes of Technology (IITs) professors but many aspects of their row with the government was resolved after Human Resource Development (HRD) Minister Kapil Sibal on Friday promised "flexibility" in promotions and fresh appointments. "On Gandhi Jayanti, I...
  • Sibal to meet IIT faculty to end stand-off over pay hike October 1, 2009

    New Delhi: In a bid to end the stand-off between the Union Government and agitating Indian Institutes of Technology (IIT) faculty protesting anomalies in pay structure, Union Human Resource Development Minister Kapil Sibal has agreed to meet the teachers on Thursday. The proposed meeting comes against the backdrop of an ultimatum...
  • FTN: IITs cry for change but Govt interference high September 25, 2009

    Indian Institutes of Technology (IIT) faculty across the country went on hunger strike on Thursday demanding higher pay and better work conditions. However, the Government reacted saying that if the IITs claim to be global quality institutions then they should up with a grand vision to produce Nobel laureates and...
  • IIT professors go on hunger strike to demand pay hike September 24, 2009

    New Delhi: The Indian Institute of Technology (IIT) professors notched up their protest for higher pay scales by observing a hunger strike on Thursday. Their demand: They will teach but if the government wants them to eat then it'll have to listen to their demands. That's the message for the...
  • Sibal takes on IIT; rules out pay hike, autonomy September 24, 2009

    New Delhi: A combative Union Human Resource Minister Kabil Sibal on Tuesday rubbished the demands by faculty members of Indian Institutes of Technology for more pay hike and autonomy. Addressing a press conference in New Delhi Sibal slammed the IIT faculty saying they have been behaving in a way that doesn't...
  • IIT faculty to go on hunger strike to demand pay hike September 21, 2009

    IIT professors will go on a token hunger strike on September 24. They're hoping that the govt will give them the pay and autonomy they want. The message is clear. Pay more or lose out on the best faculty. The professors at IIT across the country have stepped up their protest...
  • IIT faculty to go on fast against new pay hike September 21, 2009

    New Delhi: Faculty members of Indian Institutes of Technology have decided to go on a fast on September 24 to protest Union Human Resource Development Ministry's new pay plan which rejects their demand for a 100 per cent hike in salary and more autonomy. The decision to go on fast was...
  • Bank staff demand pay hike, go on two-day strike August 6, 2009

    New Delhi: Almost 9 lakh employees of public sector banks along with a few private banks have gone on a two-day strike from Thursday demanding higher wages and pension. In what is likely to make the matters worse 24 private banks' employees have also threatened to join the strike demanding better...
  • No pay hike, this man lives on Rs 70 per month salary May 31, 2009

    Jaipur: While many complain of a bad raise in these times of recession, there is someone who has spent 27 years of his life earning only Rs 70 per month. Kailash Chandra who is a peon in a Rajasthan school can now finally see some light at the end of...
  • Govt improves upon previous pay hike for PSU officers March 30, 2009

    New Delhi: Nearly three months after executives of oil PSUs went on strike demanding higher wages, the Government on Monday bettered the previously announced hike in emoluments for officers of all public sector companies, giving up to 20 per cent additional increase in emoluments. The Cabinet,...
  • Quick-fire trial of murderous mutineers in Bangladesh March 1, 2009

    Dhaka: The government of Bangladesh has announced that it intends to prosecute members of a paramilitary border force that mutinied this week by special tribunal, as more graves of the mutineers' victims were discovered. "The law ministry was asked to enact laws for the speedy trial of the killers and looters,"...
  • Search on for missing Bangladesh army officers February 27, 2009

    Dhaka: Army tanks rolled into the Bangladesh Rifles (BDR) headquarters, where mutinous troopers who had battled the army for 33-hours had been holed up, in the capital city on Friday morning as search operations for missing officers began. Army troops, backed by six tanks and 20 armoured vehicles, entered the...
  • Payday will hurt, 5% cut in salary hikes likely February 19, 2009

    New Delhi: The slowdown-hit Indian corporate sector will reduce annual salary hikes by about five percent, a survey by human resource consultants Hewitt Associates released on Thursday said. Companies are looking at an average 8.82 percent hike in salaries as compared to 13.3 percent last year, the survey of 480 companies...
  • It pays to work for PSUs; employees get salary hike November 20, 2008

    New Delhi: Employees of private companies may fear for their jobs, but for their counterparts in public sector companies it’s bonanza time. The Government on Thursday announced a pay hike for central public sector undertakings (PSU), a decision which would benefit 2.5 lakh employees in over 200 companies. The new compensation...
  • Govt won't raise pitiful pay for war heroes October 23, 2008

    New Delhi: It was a rebuff for war heroes as the Government turned down a request from Army veterans to increase allowances for military heroes decorated with gallantry awards. Defence Minister A K Antony told Parliament that further revision won't be appropriate after a hike in May. Currently, recepients of...
  • Sonia more powerful than Hillary, Merkel beats all August 28, 2008

    New York: German Chancellor Angela Merkel is the world's most powerful woman for the third straight year, topping Forbes magazine's 2008 list of the top 100 women based on their career, economic impact and media coverage. Sonia Gandhi, president of the Congress, is ranked No. 21 Sheila Bair, who chairs...
  • I-Day bonanza for Central Govt employees: 21 pc pay hike August 14, 2008

    New Delhi: In an Independence Day bonanza, the Government on Thursday announced a significantly bigger pay packet for its 50 lakh employees, as the recommendations of the Sixth Pay Commission were improved on to dish out the 21 per cent hike. The move comes six months after Justice B N Srikrishna,...
  • I want better pay for defence, civil services: PM April 21, 2008

    New Delhi: The armed forces need to be paid more. Prime Minister Manmohan Singh on Monday endorsed the demand of the services for better pay. The Prime Minister has assured the military that it will get a better deal than that recommended by the Sixth Pay Commission. "I would like...
  • On the beat: Dilemmas, challenges and life of a cop April 5, 2008

    As Indian police treads the fine line between law and lawlessness, CNN-IBN takes a look at the dilemmas, challenges and daily lives of India's policemen. ...
  • Promotion after 12 yrs, Rs 100 hike for constables April 2, 2008

    Mumbai: The beat constable is often the target of ridicule and contempt, but who is he? What is his background, and what is his motivation? CNN-IBN Correspondent Raksha Shetty follows a beat constable from Mumbai. ...