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salary hike

This business honcho's salary has doubled in just 1 year; earns nearly Rs 9 lakh a day; any guesses?

This business honcho's salary has doubled in just 1 year; earns nearly Rs 9 lakh a day; any guesses?

Wed, Jul 31, 2024

The company's latest annual report indicates that his salary and allowances amounted to approximately Rs 21.57 crore, with a performance-linked incentive (PLI) of Rs 7.5 crore. Additional benefits of Rs 3.19 crore were also included in his remuneration.

Companies to dole out 10% average salary hike this year, says survey

Companies to dole out 10% average salary hike this year, says survey

Tue, Feb 27, 2024

"This trend showcases India's strong economic performance and its growing appeal as a hub for innovation and talent. Employees in the automobile, manufacturing & engineering and life sciences in India are projected to see the highest salary increment increases, highlighting the competitive nature of these sectors," it said.

7th Pay commission: DA hike for Central Govt Employees expected soon, check details here

7th Pay commission: DA hike for Central Govt Employees expected soon, check details here

Fri, Jun 02, 2023

In a move that will bring relief to millions of central government employees, the 7th Pay Commission is expected to announce a significant hike in salaries. The decision is anticipated to raise the Dearness Allowance (DA) and Fitment Factor, ensuring a substantial increase in monthly incomes.

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7th Pay Commission: 10 major points on government employees salaries

7th Pay Commission: 10 major points on government employees salaries

Mon, Apr 16, 2018

7th Pay Commission: The employees expected that the government would hike minimum pay to Rs 21,000 and fitment factor to 3 times. Several minister including Home Minister Rajnath Singh and Finance Minister Arun Jaitley gave their assurances that a high level committee will look into the matter.

7th Pay Commission latest news updates for Central government employees; check now

7th Pay Commission latest news updates for Central government employees; check now

Mon, Apr 16, 2018

7th Pay Commission: Demanding minimum pay and fitment factor hike beyond 7th CPC report recommendation, about 48 lakh central government employees are still continuing to hold on to hope of things changing for the better soon.

7th Pay Commission: Government employees pin hopes on this big factor now

7th Pay Commission: Government employees pin hopes on this big factor now

Fri, Apr 13, 2018

The Union cabinet presided by Prime Minister Narendra Modi recently gave nod for implementation of this hike for the LGs. This decision was taken just two months after Finance Minister Arun Jaitley had announced in his 2018-19 Budget that emoluments of the President would be revised to Rs 5 lakh, Rs 4 lakh for the vice president and to Rs 3.5 lakh per month for the governors.

Salary hikes in India: Expecting big pay boost? Here is what may happen

Salary hikes in India: Expecting big pay boost? Here is what may happen

Thu, Apr 12, 2018

What will average salary hike be in India Inc be this time? This question is on every employee's mind. Well staff in India may get an average salary hike of 9.6 per cent this financial year, says KPMG Annual Compensation Trends Survey 2018-19.

7th Pay Commission: Government employees pay hike delayed, not denied; chances of salary boost have improved?

7th Pay Commission: Government employees pay hike delayed, not denied; chances of salary boost have improved?

Tue, Apr 10, 2018

7th Pay Commission has acquired another big windfall opportunity courtesy a move by a big state government. Now, retirement age of the central government employees has been put on the table of negotiations.

7th Pay Commission latest news and top developments over government employees salaries

7th Pay Commission latest news and top developments over government employees salaries

Mon, Apr 09, 2018

7th Pay Commission: In June 2016, the government last revised the minimum pay to Rs 18,000 from previous Rs 7,000 per month, along with fitment factor of 2.57 for central government employees. However, showing dissatisfaction employees demand fitment factor of 3.68 times with minimum pay scale of Rs 26,000.

7th pay commission: Government employees retirement age now on the table?

7th pay commission: Government employees retirement age now on the table?

Fri, Apr 06, 2018

The government is reportedly still discussing the fitment factor hike. Employees, especially the lower-rung ones, may finally expect some good news, as earlier reports suggested that Finance Minister Arun Jaitley was reportedly willing to increase the minimum pay and fitment factor for these staff, but the issue never managed to reach the finalisation point.

7th Pay Commission salary windfall for government employees soon, report to be implemented by this state now

7th Pay Commission salary windfall for government employees soon, report to be implemented by this state now

Wed, Mar 28, 2018

7th Pay Commission: Mizoram Finance Minister Lalsawta today informed the state legislature that the state government intended to implement the seventh pay commission during 2018-2019. Replying to questions from five members, Lalsawta said that the government had been waiting for the recommendation of a committee to study the 7th pay commission which was yet to submit its report and its recommendations.

7th Pay Commission: Government to implement salary hike from next month?

7th Pay Commission: Government to implement salary hike from next month?

Tue, Mar 27, 2018

7th Pay Commission: Reports from various sources are saying that the Central government has given some hints that it is ready to implement the salary hike from next month.

After 7th pay Commission, more bad news for government employees

After 7th pay Commission, more bad news for government employees

Fri, Mar 23, 2018

7th Pay Commission: That meant staff can bid good bye to their high expectations of minimum salaries rising as high as Rs 26,000 and so on up the hierarchy. While that came as a jolt, latest news has it that another benefit that was being talked about a lot for employees, has been rejected by the government recently. It has impacted as many as 48.41 lakh central government employees.

7th Pay Commission: Indian Railways revises rates for employees

7th Pay Commission: Indian Railways revises rates for employees

Thu, Mar 22, 2018

7th Pay Commission news: The Ministry of Railways' order said, "the grant of night duty allowance shall be subject to furnishing of a certificate by the supervisor concerned that Night Duty is essential," adding "the revised rates of NDA shall be admissible with effect from the 1st of July, 2017."

7th Pay Commission: Despite good news on economic front, salary hike for government employees as per demands not coming

7th Pay Commission: Despite good news on economic front, salary hike for government employees as per demands not coming

Thu, Mar 22, 2018

7th pay commission: Government staff wanted hike based on fitment factor of not 3.00 times, but 3.68 times. What has weighed on the government's mind is the revenue deficit that may balloon in case the 7th pay commission based pay hikes are increased to 3.00 or higher fitment factors. Revenue deficits have the potential to hit economy and government must keep it in control. H

7th Pay Commission: Centre not to hike government employees pay in fitment factor disappointment? What this minister said

7th Pay Commission: Centre not to hike government employees pay in fitment factor disappointment? What this minister said

Wed, Mar 21, 2018

7th Pay Commission: Putting forth the government view with regard to 7th Pay Commission report, the Minister of State for Finance P Radhakrishnan stated that the government was not considering a hike in minimum pay beyond the recommendations of the panel, a DNA India report stated. Replying to a question in the Upper House of Parliament, the Rajya Sabha, he said, "The minimum pay of Rs 18,000/- per month and fitment factor of 2.57 are based on the specific recommendations of the 7th Central Pay Commission in the light of the relevant factors taken into account by it. Therefore, no change therein is at present under consideration."

7th Pay Commission: Government makes this big change on salary hike

7th Pay Commission: Government makes this big change on salary hike

Wed, Mar 21, 2018

http://www.zeebiz.com/india/news-what-is-7th-pay-commission-and-why-was-it-set-up-all-details-recommendations-here-39773On 7th CPC report, in Rajya Sabha on July 19, 2016, Finance Minister Arun Jaitley said, “The minimum pay Rs 18,000 was made on recommendations of the 7th Pay Commission, but government will consider hiking it after discussions with all stakeholders, once the proposal in this regard will be submitted to government.” The government had then formed NAC in September, 2016 to resolve pay anomalies arising out of the implementation of the 7th Pay Commission’s recommendations.

7th Pay Commission: Basic pay hike in the works for low level government servants

7th Pay Commission: Basic pay hike in the works for low level government servants

Mon, Mar 19, 2018

7th Pay Commission: The government on its part has hinted it may do that, but what it has in mind is to raise pay by 3.00 times to Rs 21,000. But that will not make anyone concerned happy. What they want is a jump in pay to Rs 26,000 courtesy a hike by as much as 3.68 times (fitment factor). The deadline is already down to just a month away.

7th Pay Commission: Why PM Narendra Modi may give good news to government employees in April

7th Pay Commission: Why PM Narendra Modi may give good news to government employees in April

Mon, Mar 19, 2018

7th Pay Commission: What can stop FM Arun Jaitley from raising 7th Pay Commission salaries as per demands of government employees is revenue deficit. After so many state governments have indicated that their economies have been affected by the large payouts, Centre would be chary of taking a bold step and that would bring bad news for employees.

Great news! Big salary hikes, jobs coming for employees in India!

Great news! Big salary hikes, jobs coming for employees in India!

Fri, Mar 16, 2018

Indian job market: Nearly 54 per cent of the companies surveyed said that compensation is likely to stay the same while 39 per cent said compensation is likely to grow this year. Less than 5 per cent said that it will see a decline, the report noted.

7th Pay Commission: Salary hiked for these government employees today, but there is a big problem

7th Pay Commission: Salary hiked for these government employees today, but there is a big problem

Thu, Mar 15, 2018

The 7th Pay Commission latest news has it that the Executive Council has announced the implementation of the 7th CPC report recommendation in Delhi University, Times of India reported. However, the Delhi University Council indicated its helplessness in adhering to the UGC rule that says colleges need to themselves generate 30 per cent of resources.

7th Pay Commission protest: Salary hike demand forces 50,000 government employees to strike; full listing of demands here

7th Pay Commission protest: Salary hike demand forces 50,000 government employees to strike; full listing of demands here

Wed, Mar 14, 2018

7th Pay Commission: According to protesters, Centre should effect a hike in the 7th CPC report based minimum pay from Rs 18,000 to Rs 26,000 with a fitment factor of 3.68 times. They said that the 3.00 times hike in pay was clearly not ebough as price rise was making things too difficult to maintain a lifestyle that was just about adequate.

7th Pay Commission news hangs fire even as dearness allowance of these government employees to be hiked 2 pct

7th Pay Commission news hangs fire even as dearness allowance of these government employees to be hiked 2 pct

Wed, Mar 07, 2018

7th Pay Commission: Notably, in Jammu and Kashmir, the CM Mehbooba Mufti led government on January 25 had hiked dearness allowance (DA) for state government employees and pensioners by as much as 3 per cent.

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