Thiruvananthapuram: Around 500 employees of Air India in Kerala are having a tough time as the ailing national carrier has not paid their salaries for the last three months. "We are all having a tough time, because since March last year salaries are not getting credited as it used to happen. The last time we received our salary was for the month of October and the productivity linked incentive (PLI)...
05:45 PM, Jan 06, 2012
Mumbai: After Kingfisher Airlines, Air India's accounts have been frozen for not paying service tax. Air India owes a total of Rs 150 crore in outstanding service tax to the Central Government. First banks, then vendors and now, the Service Tax Department of the Government, the action against ailing airlines Air India and Kingfisher is coming thick and fast from all sides. With various partners demanding to be paid, the...
11:56 PM, Dec 08, 2011
United Nations: The United States is demanding that a nearly 3 per cent cost-of-living salary hike for approximately 4,800 UN staff members serving in New York be rescinded. Joseph Torsella, the US ambassador in charge of management issues, said in a letter obtained on Monday that "such a raise is inappropriate at this time of global fiscal austerity when member state governments everywhere are implementing drastic austerity measures." "While we...
02:31 AM, Aug 30, 2011
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: Billionaire industrialist Mukesh Ambani has decided to forego Rs 23.75 crore for the last fiscal from his annual compensation as chief of Reliance Industries while keeping his salary capped at Rs 15 crore for third year in a row. At the same time, the company's total remuneration for top management personnel, as also commission paid to non-executive directors, declined during fiscal 2010-11. In its annual report for the...
02:44 PM, May 09, 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: Soon a category of salaried taxpayers will not be required to file their income tax return as their tax liability has been discharged by their employer through deduction at source. This proposal was announced by Finance Minister Pranab Mukherjee during his Budget speech in Parliament on Monday. "The electronic filing of Tax Deduction at Source (TDS) statements has stabilized. The Board (Central Boards of Direct Taxes) shall soon...
03:22 PM, Feb 28, 2011
Mumbai: Toughening its posture against the deferment of payment of January salary to February 14 by Air India management, a section of its pilots on Monday threatened to go on a flash strike to protest the move. "We demand that our salaries should be disbursed by 5 pm on February 10, failing which we will go on flash strike," Indian Commercial Pilots Association General Secretary (ICPA) Captain Rishabh Kapoor said....
11:48 PM, Feb 07, 2011
London: Holding a job is more important to people than how much they are paid, according to a survey. The Office for National Statistics (ONS) analysed responses from more than 2,000 people to David Cameron's initiative to measure the nation's wellbeing. The emerging results showed that job security, personal health and relationships with family members were at the top of most people's concerns, and were cited by nine out of...
04:19 PM, Jan 10, 2011
New York: He runs the world's most-valued technology company but when it comes to pay, Apple's iconic chief Steve Jobs has been taking home a salary of just $1 at least for the past three years. Jobs, who rejoined Apple in 1997, is the brain behind many best-selling gadgets such as iPhone, iPad and iPods. Interestingly, his compensation comes as a sharp contrast to many CEOs worldwide, who get huge...
01:10 PM, Jan 09, 2011
San Francisco: Apple's Steve Jobs took a salary of just $1 for steering the world's most valuable technology company through 2010, according to a regulatory filing released Friday. But there's no need to feel sorry for the financial situation of the Apple founder. His shares in the company continue to rocket in value. He owns some 5.5 million shares in the company, which are worth some $ 1.8 billion at...
11:00 AM, Jan 08, 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: The much talked about bill to hike salaries of MPs by over three times from Rs 16,000 to Rs 50,000 and doubling two of their key allowances to Rs 40,000 each was passed in Lok Sabha on Friday. During the debate on the Salary, Allowance and Pension of Members of Parliament (Amendment) Bill, 2010, a strong demand was made for setting up an independent body to decide on...
07:38 PM, Aug 27, 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
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