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compensation

India 360: Time For Mandatory Public Liability Insurance In India? Watch Sucheta Dalal's Conversation With Deepak Dobhal

India 360: Time For Mandatory Public Liability Insurance In India? Watch Sucheta Dalal's Conversation With Deepak Dobhal

Fri, Mar 10, 2023

There is a huge lack of awareness in India regarding Public Liability Insurance Act. The PLI Act was enacted after the Bhopal gas tragedy. The amount of compensation on death is only Rs 25,000. The reimbursement of treatment expenses is only Rs 12,500. Rs 6,000 is indemnified on property damage. As such, the government needs to increase the amount of compensation. Watch this special report on India 360.

Infosys cuts average variable pay - details

Infosys cuts average variable pay - details

Wed, Aug 24, 2022

The company asserted that these were more in the nature of "investments" given the robust demand scenario, and assured it will be looking at cost optimising levers such as better utilisation, and more automation.

Government releases Rs 1.16 lakh crore of tax devolution to states

Government releases Rs 1.16 lakh crore of tax devolution to states

Wed, Aug 10, 2022

The share of states in the Central taxes -- at the aggregate level of 41 per cent -- was decided by the 15th Finance Commission. Typically, this is transferred in 14 installments in a fiscal year.

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Jabalpur hospital fire: At least 8 dead, several feared trapped; rescue efforts underway

Jabalpur hospital fire: At least 8 dead, several feared trapped; rescue efforts underway

Mon, Aug 01, 2022

Prima facie, it appears that a short circuit caused the blaze at the hospital. However, the exact reason behind the blaze is yet to be ascertained.

Fake news nets $1.2 mn compensation for NRI businessman

Fake news nets $1.2 mn compensation for NRI businessman

Fri, Aug 24, 2018

Vancouver-based Altaf Nazerali had sued Patrick Byrne, CEO of online retailer Overstock.com, for a campaign of lies aimed to tarnish the reputation of the NRI businessman.

Railways to pay Rs 75,000 to passenger whose seat was occupied by others

Railways to pay Rs 75,000 to passenger whose seat was occupied by others

Sun, Jun 04, 2017

The state consumer commission has asked the Indian Railways to pay Rs 75,000 to a man for the inconvenience he suffered when his reserved seat was occupied by unauthorised persons for most part of his journey.

"Image of Infosys as Gold Standard of Corporate Governance was nothing but a halo created by Murthy and Company," says Gupta of SES Governance

"Image of Infosys as Gold Standard of Corporate Governance was nothing but a halo created by Murthy and Company," says Gupta of SES Governance

Mon, Apr 03, 2017

Research and advisory firm Stakeholders Empowerment Services (SES) has questioned Infosys' founder and chairman N R Narayana Murthy's recent comments in his letter over corporate governance,remuneration and equal pay in the letter.

Here's full text of Infosys founder Narayana Murthy's letter to media

Here's full text of Infosys founder Narayana Murthy's letter to media

Mon, Apr 03, 2017

Find out what Infosys founder and chairman N R Narayana Murthy has said in his letter to the media about the company's COO Pravin Rao`s compensation.

10 lakh bankers go on strike today; will your salary credit be affected?

10 lakh bankers go on strike today; will your salary credit be affected?

Tue, Feb 28, 2017

About 10 lakh bankers have observed one-day strike across India on Tuesday to protest against the government's "anti-people banking reforms" and to press their demands to the government for compensation for the extra work done during the demonetisation period.

9 bank unions to observe one-day strike on February 28

9 bank unions to observe one-day strike on February 28

Mon, Feb 27, 2017

About nine bank unions of India will go on one-day strike on February 28 this year to protest against the government's anti-people banking reforms.

Bought for $400 million in 2015, Snapdeal now wants to sell Freecharge for $300 million

Bought for $400 million in 2015, Snapdeal now wants to sell Freecharge for $300 million

Thu, Feb 23, 2017

Snapdeal is likely to sell its payments company FreeCharge for $300 million.

IT companies ganged up to keep freshers' salary low, says former Infosys CFO T V Mohandas Pai

IT companies ganged up to keep freshers' salary low, says former Infosys CFO T V Mohandas Pai

Tue, Feb 21, 2017

Infosys former CFO T V Mohandas Pai has recently said that big Indian IT companies are coming together talking to each other not to increase freshers' salaries which is not a good sign for the Indian IT industry.

Infosys chair R Seshasayee should step down, says former CFO V Balakrishnan

Infosys chair R Seshasayee should step down, says former CFO V Balakrishnan

Wed, Feb 15, 2017

Infosys former CFO V Balakrishnan has asked the current chairman R Seshasayee to step down and the company to carry out forensic audi of the severance pay given to former senior management employees.

Tata Steel UK's pensions trustee warns deficit to surge

Tata Steel UK's pensions trustee warns deficit to surge

Fri, Jan 27, 2017

Tata Steel's UK steel unit pension scheme deficit is set to ballon to 1-2 billion pounds ($1.25-$2.5 billion) and Britain`s largest steelmaker believes it could face insolvency unless a way can be found to tackle it.

Budget 2017: FM Arun Jaitley may cut taxes, lack of indirect-tax data may make it tough

Budget 2017: FM Arun Jaitley may cut taxes, lack of indirect-tax data may make it tough

Thu, Jan 26, 2017

Tax experts have said that Finance Minister Arun Jaitley is likely to cut taxes in Budget 2017.

Goldman Sachs files $1 billion countersuit against Indonesian businessman

Goldman Sachs files $1 billion countersuit against Indonesian businessman

Tue, Jan 24, 2017

Goldman Sachs filed a $1 billion counter lawsuit on Tuesday against an Indonesian businessman who is seeking damages from the US bank for conducting what he called "unlawful" trades in the shares of a property firm.

Morgan Stanley lays off bankers, cuts bonuses by about 15%: Sources

Morgan Stanley lays off bankers, cuts bonuses by about 15%: Sources

Fri, Jan 13, 2017

Morgan Stanley laid off a number of senior investment bankers last week and cut bonuses by roughly 15% because of a decline in revenue from dealmaking and capital raising across Wall Street, people with knowledge of the matter told Reuters.

Coal India declares compensation of Rs 5 lakh to ECL mine accident victims

Coal India declares compensation of Rs 5 lakh to ECL mine accident victims

Fri, Dec 30, 2016

It said, "The accident caused an unfortunate demise of 7 workers, for which the families of deceased will be granted with ex-gratia compensation of Rs 5 lakh in addition to the amount paid under the Workmen's Compensation Act."

Railways double compensation for train accident victims

Railways double compensation for train accident victims

Tue, Dec 27, 2016

Indian Railways has decided to double the compensation it pays to passengers or their kin if they meet with an accident during a train journey.

Arun Jaitley faces hurdles for launch of GST by April 2017

Arun Jaitley faces hurdles for launch of GST by April 2017

Sat, Dec 24, 2016

The prospects of introducing a goods and services tax (GST) in India next April, its biggest tax reform, faded on Friday after central and state finance officials postponed talks on how to administer the tax after a two-day meeting.

Volkswagen agrees to fix, buy back more polluting US diesel vehicles

Volkswagen agrees to fix, buy back more polluting US diesel vehicles

Wed, Dec 21, 2016

Volkswagen AG has agreed to a $1 billion settlement to fix or buy back another 80,000 polluting diesel vehicles sold in the United States (US) as the German automaker on Tuesday took new steps to put its emissions cheating scandal behind it.

Volkswagen agrees to spend up to C$2.1 billion over Canadian emissions

Volkswagen agrees to spend up to C$2.1 billion over Canadian emissions

Tue, Dec 20, 2016

Volkswagen AG has agreed to spend up to $2.1 billion Canadian dollars to buy back or fix 105,000 polluting diesels and compensate owners in Canada, the company said Monday.

Centre to compensate states every quarter for GST revenue loss

Centre to compensate states every quarter for GST revenue loss

Sat, Nov 26, 2016

States will receive provisional compensation from Centre for loss of revenue from implementation of Goods and Services Tax (GST) every quarter but the final annual number would be decided after an audit carried out by CAG.

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