Employees of accounting regulator, the Institute of Chartered Accountants (ICAI), late last night called off their two-day old strike, after the management agreed to their demand for a salary hike.
"The management has given us a 20 per cent hike in January's gross salary, which has been credited to our salary accounts," ICAI Employees' Association Secretary Deepak Kishore told PTI.
Besides 20 per cent hike in January salary, the management has also assured that the the Sixth Pay Commission recommendations would be implemented within 45 days, he said.
Nearly 800 employees had been on strike since February 3 to protest non-payment of salary for January and accused the management of misappropriating funds.
Together with payment of salary, employees were also pressing for a hike, as per the Sixth Pay Commission report.
About 8 lakh students train with the ICAI, which comes under the administrative control of the Ministry of Corporate Affairs, The institute comprises at least 1.5 lakh members.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app