Nominal GDP needs to grow above 10% for wage growth
At present, India’s nominal GDP growth stands at 7.5 per cent against 11.20 per cent a year ago.
IBA revises performance-linked scheme, hikes wages to 12.25%, unions reject offer
Under the scheme, the bankers' body has offered to pay 14 e...
How Social Security Code 2019 will impact employees' gratuity, protect their EPF dues
The code provides for a uniform definition of "wages" a...
Kerala CM announces wage subsidy scheme for new ventures
“The investment climate prevailing in the state is most conducive. This is especially significant at a time when certain parts of the country and the world are in the grip of tension and anxiety. Here is an ideal destination where investment can be made in diverse sectors without having any tension or anxiety,” the chief minister said.
Tailor-made for jobs: A decision to offer wage subsidies has drawn investment and jobs in spades
Jharkhand’s decision to offer wage subsidies in the garment industry has drawn investment &jobs in spades.
Face consequences if you go on strike: Govt to employees
The Central Trade Union, except Bhartiya Mazdoor Sangh, and their affiliates in different sectors are mobilising workers and employees for their proposed nationwide general strike on January 8, to protest against some of the central government policies and press for 12-point common demands.
The Code on Wages, 2019: Understanding the key changes to wages, remuneration and bonus
The Code has expanded the definition of “employer” as well as “employee”, resulting in a broad based applicability of the regulations and is now applicable to employees in both organised and unorganised sectors.
Hindustan Aeronautics' management, workmen sign pact for wage revision
Hindustan Aeronautics Ltd on Wednesday said a pact has been signed between the company's management and its workmen on the revision of wage structure with effect from January 1, 2017.
Salaries in India likely to rise by 9.2 pc in 2020; inflation-adjusted real-wage at 5 pc: Report
India's salary growth for 2020 stood at 9.2%, while real-wage may stay constant at 5% in 2020, as per a report.
Code on Wages 2019: Soon, you will get full and final payment just 2 days after you leave job
The Code of Wages, 2019 will potentially ensure timely payment of dues to employees.
BSNL eyes Rs 1,300 crore savings this fiscal after VRS becomes effective: CMD
BSNL said that it expects to save Rs 1,300 crore in wage bills this fiscal after the VRS becomes effective in Jan.
Pakistan waging proxy war as it can't win conventional one: Rajnath
Defence Minister Rajnath Singh on Saturday said Pakistan was indulging in a "proxy" war as it had realised that it cannot win a "conventional" one.
OPEC’s oil surprise came as skeptics were doubting price rise
Money managers “didn’t know that this OPEC decision was coming,” Rob Haworth, who helps oversee about $150 billion at U.S. Bank Wealth Management in Seattle, said Friday. “They have yet to price in the OPEC+ decision today.”
Govt introduces Labour Code on Industrial Relations bill in Lok Sabha
The industrial relations code is the third of four labour codes that have got approval from the Cabinet. The Bill consolidates essential elements of three laws—the Trade Unions Act, 1926, the Industrial Employment (Standing Orders) Act, 1946, and the Industrial Disputes Act, 1947—helping improve ease of doing business.
Industrial Relations Code: Non-renewal of contract won’t be retrenchment
The labour code on Industrial Relations 2019, cleared by the cabinet last week, also says that fixed-term employees will get all statutory benefits like social security, wages, etc. on par with the regular employees who are doing work of same or similar nature. The Bill is expected to be introduced in parliament on Wednesday.
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