Page 5 - Wages

Labour ministry constitutes an expert group to fix minimum wages

The government has constituted an expert group led by Prof Ajit Mishra, that will give recommendations on fixation of minimum wages and national floor minimum wage. "The Ministry of Labour & Employment issued an order and has constituted the Expert Group to provide technical inputs and recommendations on fixation of Minimum Wages and National Floor Minimum Wages," a labour ministry statement said. Minimum wage is different for different categories of workers. National floor refers to the minimum level of wage that is applicable to all categories of workers across the country. The group has been constituted for a period of three years from the date of notification. To arrive at the wage rates, the group will look into the international best practices on the wages and evolve a scientific criteria and methodology for fixation of wages. The expert group is chaired by Prof Ajit Mishra, Director, Institute of Economic Growth. The members of the expert group include Prof Tarika ...

Rejig wage structure to benefit from EPF rule change, say analysts

If employer contribution is low, get salary restructured to enjoy higher tax-free interest

Share of wages in industry GVA is highest since 1992-93, shows data

Imputed cost of finance to industry rose, share of profits in GVA fell in 2018-19

Wage revision clause in settlement proposal worries BPCL employees

Staffers fear the new owner of to-be-privatised firm will move to lower wages

Air India pilot unions warn of 'industrial action' over salary cuts

Disinvestment-bound Air India's pilot unions have rejected the five per cent rollback in their salary cuts

Industry bodies to press for holding back new wage definition

Representatives of industry bodies, including from CII and FICCI, will hold a meeting with the labour ministry top brass on Thursday

Khatabook rolls out app for micro-entrepreneurs to manage staff, payments

Khatabook is looking at leveraging its user-base to push the new app as it targets 1 million users over the next two months.

Amazon offers 'special recognition bonus' to employees in India

The announcement comes amid a global campaign #MakeAmazonPay, which alleges that the e-commerce giant made big profits, but at a huge cost to workers and the planet.

Amazon's $3,000 signing bonuses irk workers who got $10 coupons

Amazon has been a primary beneficiary of the pandemic since so many businesses closed during lockdowns and many Americans prefer shopping online

Indian IT cos to pay 40% higher wages due to new visa rules: US think tank

Major players likely to ramp up local hires in US and go for offshoring to dodge visa and other cost issues

Rescuing the economy

Ensure price support for agriculture, subsidise wage costs of MSMEs and accelerate public construction activities

World coronavirus dispatch: Fresh outbreak in Beijing gathering momentum

Hundreds of flights in and out of Beijing were cancelled on Wednesday as authorities stepped up measures to rein in a sudden outbreak of coronavirus in the Chinese capital

SC verdict today on MHA's order to pay full wages to staff amid lockdown

Earlier, the Supreme Court observed that some negotiations have to happen between employers and workers to iron out what has to be done for the salary for these 54 days

Firms unable to pay wages must submit balance sheets: Govt to SC

SC extends till June 12 its order asking govt not to take coercive action against employers for not paying salaries

Centre's order on full wages to be paid during lockdown: SC reserve verdict

The Centre informed the Supreme Court that it's March 29 notification on full payment of wages to workers by their employers during the lockdown was not unconstitutional

Govt unlikely to grant any package for industry to pay workers' salaries

"The government lacks the fiscal space. It will not be feasible to give grants to the industry to take care of its wage bills," sources said.

UK govt to pay 80% of wages of workers to protect jobs affected by Covid-19

To all those at home right now, anxious about the days ahead, I say this: you will not face this alone, Rishi Sunak said

Yes Bank crisis may hit jute mill operations, worker wages ahead of Holi

According to jute industry sources, payments to mills got stuck in totality though 60 per cent of the payment is not associated with Yes Bank

Employee can't claim over Rs 8,000 if injured while in service: Madras HC

Even if the salary of a person permanently injured while working exceeds Rs 8,000, the compensation should be fixed

Hindustan Aeronautics Ltd, trade unions agree to settle wage revision

The Hindustan Aeronautics Limited management and its workforce have entered into an agreement to settle the wage revision. A Memorandum of Understanding (MoU) was signed at HAL Corporate Office here on Tuesday between the HAL management and its Trade unions, the Bengaluru-headquartered defence PSU said in a statement. The MoU envisages revision of wage structure with effect from January one, 2017, productivity improvement and other related matters, it said. As part of the wage revision, the HAL management has offered fitment benefit at 12 per cent and perks & allowances under cafeteria system (at 25 per cent for workmen in scale 1 to 10 and at 22 per cent for workmen in special scale) of the revised basic pay effective from January one, 2017, besides other benefits, the statement said. Upon ratification of the Board of Directors, a tripartite settlement before the labour authorities will be executed at different locations of the company before notifying the revised .