Wages

Today's Best of BS Opinion looks at Bihar's fiscal test after NDA win, pushback against QCOs, Trump's tariff stance and India's options, India Inc earnings vs GDP, and a biography of Francis Crick

From low workers' wages to suspect GDP to scary rankings for pilot training schools to self-serving protectionism, today's pieces paint a sobering picture of what ails India economy and policy

Nominal factory wages rose sharply through the first decade (2004-05 to 2013-14), peaking in FY11 before settling into lower, steadier growth in later years

Shifting the base year for two critical inflation indices is important as they determine minimum wages for agriculture and rural workers, and could also affect payments under the MGNREGA jobs programm

The more educated have had slower growth but they are the highest paid in the country

India Ratings expects wage growth to moderate next year as inflation remains stable and monsoon conditions hold, with a slight slowdown in private consumption growth

A Business Standard analysis shows that an unskilled worker earns ₹10,994 and ₹11,257 in Uttar Pradesh and Haryana respectively, while a skilled worker gets ₹13,546 and ₹14,367 respectively

It suggested that the number of minimum guaranteed working days under the scheme be increased to 150 days and called for parity in wages that the states pay under MNREGA

The analysis is based on a common sample of 667 companies from BSE 500, BSE Mid Cap and BSE Small Cap Index excluding their listed subsidiaries

India's swelling urban middle class has been the engine of its growth for far longer than government capex has

Plans afoot to bring ceiling under ESIC on a par with EPF

The protests come at a time when Amazon India has announced its inaugural Black Friday event, running from November 29 to December 2

Some of country's biggest companies from Maruti Suzuki to consumer bellwether Hindustan Unilever have posted weaker earnings recently, saying urban middle class spending has been languishing

This is despite a fall in the share of profits to NVA and a rise in the share of wages and emoluments in 2022-23 compared to 2021-22

These workers contribute a great deal to society and should be guaranteed a fair wage, he said

The Congress on Sunday claimed that a combination of slow wage growth and "back-breaking" inflation has caused an unprecedented decline in real wages and said that like the "proverbial ostrich", the government continues to remain blind to the most fundamental challenge faced by the Indian economy. Congress general secretary in-charge communications Jairam Ramesh said a new report by a noted brokerage firm has once again shed light on the truth that the Union Government has consistently denied - real household incomes in India are facing a persistent decline. "A combination of slow wage growth and back-breaking inflation has caused an unprecedented decline in real wages (wages adjusted for price rise) and therefore incomes," he said in a statement. Ramesh pointed out that several surveys and data sets - including the Annual Survey of Unregistered Enterprises (ASUSE), the Reserve Bank of India's KLEMS data, and the Household Consumer Expenditure Survey (HCES) - have demonstrated ...

Currently, the annual salaries of non-executive independent directors of Paytm's board members runs into crores

The findings back up the central bank's argument that broadening inflationary pressures warrant raising interest rates

Around 20,000 workers are part of the group of port workers' unions, and all of them would join the strike, said Sathya Narayanan, a senior union member

Thousands of delivery drivers filed legal claims against Amazon on Tuesday, alleging the company's classification of them as independent contractors instead of employees has led to unpaid wages and other financial losses. Two law firms spearheading the action said about 15,860 Amazon Flex drivers have submitted arbitration claims with the American Arbitration Association, where 453 similar cases are already being litigated. Amazon's Flex program, which was founded in 2015, signs up drivers to deliver packages with their own cars and a special app. The company pitches the work as a flexible, part-time opportunity that allows people to earn extra income during the hours they choose. Most drivers earn $18-25 per hour, according to Amazon, though how much they get paid can depend on other factors, such as their location and how long it takes to complete deliveries. The arbitration claims submitted Tuesday were made by drivers in California, Illinois and Massachusetts, all of which have