Employees across corporate India are expected to get a slightly lower average salary hike of 11 per cent in the current fiscal compared to 12-13 per cent last year as firms grapple with sluggish economic activity, experts have said. ...
10:49 AM, Dec 02, 2012
Bangalore: Software services major Infosys on Thursday said it will stick to its target of hiring 35,000 people this fiscal but is not looking at wage hikes for now. The hiring plan, which includes 13,000 jobs for its BPO operations, will be adhered to despite an uncertain global economic growth environment and the wage-hike freeze. "We are going to add 35,000 more people this year, the same number as we...
02:09 PM, Jul 12, 2012
New Delhi: Notwithstanding sluggish economic conditions, India Inc is expected to dole out double-digit salary hikes this year and overall rise in pay packets could go up to 20 per cent, says a survey. Staffing firm TeamLease Services on Thursday said in a report that Indian companies are now recognising the need to strike a balance between the need for talent and salary package. TeamLease said double-digit salary hikes are...
07:04 PM, May 03, 2012
Mumbai: Employees in India are likely to get a salary increase of 11.9 per cent this year, says a survey conducted by global human resources consulting and outsourcing firm Aon Hewitt. This is well ahead of competitors China and Philippines, the highest in the Asia-Pacific region. Sandeep Chaudhary, practice leader - compensation consulting told CNBC-TV18 that pharmaceutica sector is expected to top the charts in terms of salary hikes. "Pharmaceutical...
07:46 AM, Feb 22, 2012
Mumbai: Country's largest software Tata Consultancy Services (TCS) has hiked the pay package of its chief N Chandrasekaran, raising his monthly salary limit nearly 70 per cent to Rs 10 lakh. The steep pay hike comes against the backdrop of the company's good performance in recent quarters, even as many of its peers are grappling with tough business conditions. In a filing to the Bombay Stock Exchange, TCS said, "Taking...
07:54 PM, Jun 02, 2011
New Delhi: Indian job seekers can look forward to a brighter future. A survey of over 5000 companies finds there will be more hiring in the next three months, than in any quarter since 2005. Manufacturing, finance, insurance and real estate will be among the sectors that do the most recruiting. "The good news for the job seekers and for our economy is that all sectors are showing a robust...
09:58 AM, Mar 09, 2011
New Delhi: Lok Sabha has passed the bill to revise the salary of members of Parliament. Much of the debate in the media has been on the wealth of current MPs and the lack of accountability. It is important to focus as well on structural issues related to remunerating legislators. Under the bill, the base salary of MPs is being raised to Rs.50,000 from Rs.16,000 per month. The daily allowance...
04:58 PM, Aug 31, 2010
New Delhi: Highly critical of Members of Parliament deciding their own remuneration, CPI-M leader Brinda Karat on Wednesday said the salary hike bill was "scandalous". "At no other place in the country, you have beneficiaries deciding on the increase of their own salary," Karat said on the sidelines of a conference here. The Union Cabinet agreed to further raise the monthly allowances of the MPs by Rs 10,000 after a...
01:49 PM, Aug 25, 2010
Should there be an independent committee to decide the salaries of MPs? ...
09:33 AM, Aug 24, 2010
New Delhi: Much hue and cry and a 300 per cent hike later, MPs in the world's largest democracy will take home every month salaries a little more than a day's pay of a US parliamentarian. If compared with legislators from the developed world, our MPs may appear to be poorly paid. But all is not as it seems. Though a monthly pay packet of Rs 1.6 lakh might not...
04:23 PM, Aug 23, 2010
New Delhi: Former Lok Sabha speaker Somnath Chatterjee on Monday appealed to Members of Parliament not to sully the image of elected representatives on the issue of salary hike. Speaking to CNN-IBN Deputy Editor Sagarika Ghose, Somnath said that a pay commission should be set up to decide the salaries and perks of MPs. "There should be a salary commission or a pay commission. Please for heaven's sake let us...
01:15 PM, Aug 23, 2010
New Delhi: The pressure by Members of Parliament (MPs) over further increase in their salary and perks finally bore fruit on Monday. The Union Cabinet decided to increase the perks for MPs by Rs 10,000 more within 72 hours after agreeing to a three times raise in salary on Thursday. The MPs will now get Rs 10, 000 in additional perks out of which Rs 5,000 will be as office...
11:36 AM, Aug 23, 2010
This week, the show also takes a dig at the humor surrounding the MPs' demand for a salary hike. ...
09:48 PM, Aug 22, 2010
New Delhi: The Government may agree to another revision in pay for Members of Parliament (MPs), as the members demand for Rs 10,000 more in perks. Sources told to CNN-IBN that the government could agree to a nominal hike in MPs' salary and perk. The new pay hike could be an increase in the form of allowances of MPs; like for phone call and constituency expenses. Earlier, on Friday, the...
01:27 PM, Aug 22, 2010
New Delhi: The deadlock over MPs' salary hike ended on Saturday after the Government's trouble-shooter Pranab Mukherjee met agitating parliamentarians who are unhappy with the three-fold increase and are demanding a 500 per cent raise. The Government is likely to consider marginally increasing the hike, official sources said. Finance Minister Mukherjee met Rashtriya Janata Dal (RJD) leader Lalu Prasad and Samajwadi Party chief Mulayam Singh Yadav early on Saturday following...
08:27 PM, Aug 21, 2010
New Delhi: The government on Saturday assured agitating MPs that their concerns on salary hike would be addressed, NDA convenor Sharad Yadav said in the Lok Sabha, a day after several opposition parties conducted a 'mock' Parliament. Yadav made the statement during Zero Hour, shortly after he along with RJD chief Lalu Prasad Yadav and SP chief Mulayam Singh Yadav, Leader of the Opposition in the Rajya Sabha Arun Jaitley,...
12:49 PM, Aug 21, 2010
A 312 per cent increase has taken the salaries our MPs to Rs 50,000 per month. But MPs still stalled Parliament saying their salary is not good enough. The parliamentarians also enjoy many privileges like 1,50,000 free phone calls per month, 50,000 units of free electricity per month, Rs 1,000 each time they come to Parliament while in session, 34 free air tickets per annum. The privilege is extended to ...
11:45 PM, Aug 20, 2010
A three-fold increase has taken the salaries of ours MPs to Rs 50,000 per month. But that is still not enough as RJD and SP MPs stalled Parliament demanding more. ...
09:02 PM, Aug 20, 2010
New Delhi: Lok Sabha was adjourned on Friday over the issue of salary given to members of Parliament despite the Cabinet's nod to a 300 per cent hike. Leaders of Opposition parties like Rashtriya Janata Dal (RJD) chief Lalu Prasad Yadav and Janata Dal-United chief Sharad Yadav created ruckus in the House demanding higher pay for MPs. The basic pay of MPs was on Friday hiked by more than three...
12:01 PM, Aug 20, 2010
Our MPs have been making much noise demanding a raise in salary. A parliamentary panel had suggested that MPs should earn a monthly package of around Rs 80, 000. Although the decision on salary hikes has been deferred for now, do you think our MPs deserve the pay hike?
11:41 AM, Aug 16, 2010
