Page 8 - Salary Hike

Delhi govt approves salary hike recommended by Centre for MLAs

Delhi MLAs will now get Rs 90,000 per month as salary and allowances with the Arvind Kejriwal government approving a hike cap recommended by the Centre on Tuesday. Earlier, each MLA was getting Rs 53,000, including Rs 12,000 as salary and the remaining amount as allowances, the government said in a statement. With this hike, each legislator will get Rs 30,000 as salary and allowances totalling Rs 60,000, it said. Despite the hike, Delhi MLAs will continue to be among the lowest-paid legislators in the country, it claimed. The salary of Delhi's MLAs hasn't increased in 10 years and the Kejriwal government had requested the Union Ministry of Home Affairs (MHA) that their salary and allowances be at par with MLAs of other states, the statement said.

High-paid jobs saw salary hike during Covid-19 lockdown, says PLFS

The Periodic Labour Force Survey for 2019-20 has found that average salary of those in the regular wage/salaried status actually rose by 5 per cent in the lockdown period from the previous quarter

Can hike in Dearness Allowance boost consumer spending?

Union Minister Anurag Thakur on July 14, 2021 announced hike in Dearness Allowance from 17 per cent earlier to 28 per cent for government employees and pensioners w.e.f. July. This will increase the take-home salary while pensioners will also get additional support. But will it result in higher spending? Let's find out

Wipro announces salary hike for 80% of eligible staff, second in CY21

The salary hike will be effective from September 1, 2021.

Pakistan govt employees protest, demand 25% hike in salaries after budget

Pakistan government employees on Friday demanded 25 per cent hike in their salaries and protested against the 10 per cent hike provision proposed in the national budget for FY2021-22

Panacea Infosec announces 30-40% salary hike, to raise headcount by 35%

Cybersecurity firm Panacea Infosec has given 30-40 per cent hike in salaries for all employees with effect from April, the company said on Thursday. Currently, the company has around 230 employees and plans to increase headcount in the range of 25-35 per cent during the ongoing financial year, it said in a statement. "With this hike, Panacea Infosec will get an average increment of 30-40 percent in the financial year 2021-22. "Panacea Infosec is one of the fastest growing cybersecurity audit firms in India with an average growth rate of 245 per cent in the past three years," the statement said. Founded in 2012, the Delhi-based company claims to have over 400 clients spread across 45 countries. Panacea said businesses are still coping up with the COVID-19 crisis, and dependency on information technology and other digital services has increased which, in turn, increased the demand for cybersecurity and privacy services. In the new business environment cybersecurity and audit servic

LIC employees' wage hike proposal yet to get government approval

"It is under process and with the ministry. Whenever it happens, we will share with the employees," said a source in LIC

TCS to announce salary hikes for FY22, second for company in 6 months

With salary hike in Financial Year 2021-22, TCS employees will get around 12-14 per cent average increment in six months' time

Aon India's survey projects 7.7% salary hike in 2021 against 6.1% in 2020

Fewer companies plan to give zero increment

Top headlines: RBI approves Piramal's DHFL plan; Apple lobbies with India

In Australia, Facebook has blocked access to news on its platform. More on that story in our top headlines

India set to see a median increase in salaries of 7% in 2021: Survey

Pharma, tech and consumer products to see highest sectoral increases

Nearly 90% companies planning salary hikes in 2021: Aon India Survey

Quantum of hikes also set to improve, as 61% are planning increments of 5-10% as compared to only 4.5% in 2020

Top headlines: US election heads down to the wire, SBI Q2 profit up 52%

Republic TV editor Arnab Goswami was arrested by police in Mumbai for alleged abetment of suicide in a case registered in 2018.

Making short-term margin trade-offs to accelerate growth: Cognizant CEO

Strong performing employees will be rewarded for what they have done, he says

ISB's PGPMAX down a notch at 53rd spot globally in FT 2020 EMBA rankings

It was top ranked executive MBA programme from India, second best was IIM Bangalore's post-graduate in enterprise management, at 95th position

Reliance Industries restores salary, offers bonus in hydrocarbon arm

The firm is also offering an advance 30 per cent of the variable pay from the next year's salary to its employees, as a goodwill gesture for working during the pandemic

Infosys to roll out salary hikes from Jan 2021, incentives to junior staff

India's second-largest IT services firm Infosys on Wednesday said it will roll out salary hikes and promotions across all levels effective January 1

No change in TCS campus hiring plan despite all-time low attrition

Company to allow candidates to write qualifier test remotely this year

TCS to roll out salary hikes for all employees, effective October 1

Quantum of raise being worked out as firm becomes the first in IT space to announce pay increase

More employees being rated poorly as firms cut back on increments: Survey

Only four in 10 companies ready for give staff a pay hike, says Deloitte Touche Tohmatsu India