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7th Pay Commission: Big trouble! Salary hike for employees makes this government ring alarm
Fri, Mar 16, 2018
It has been revealed that the 7th pay commission based payouts have affected the state's finances so much so that it has led to a revenue deficit in 2017-18 that is higher than the one that was projected. This was revealed by Finance Secretary K Shanmugam. How big is the Tamil Nadu revenue deficit? Well, while the previous Budget had projected a revenue deficit of Rs 15,930 crore, the revised estimate number is Rs 18,370 crore, BusinessLine reported.
7th Pay Commission: FinMin to begin work on draft proposal of central staff salary
Thu, Feb 08, 2018
Union Finance Ministry will soon begin the preparation for draft proposal related to the salaries of Central government employees, said media reports. The Central government staff will reportedly get hiked salary beyond the recommendation of the 7th Pay Commission from April 1.
Let us have a look at some of the alternatives to fixed deposits
Tue, Jan 23, 2018
'Disclaimer: This story is for informational purposes only and should not be taken as investment advice.'
Pay hikes may get fatter next year after trimming of jobs in 2017
Sun, Dec 10, 2017
India Inc is promising better pay hikes of 10-15 per cent for the right talent in 2018 after a challenging year for the job market, stunned by post- demonetisation layoffs in traditional sectors like textiles and due to the advent of artificial intelligence in new-age ones.
Here’s how you can save Rs 1 crore over 20 years
Sat, Dec 09, 2017
Small savings a day may give you plenty to smile about in old age.
Reliance Industries Ltd's Mukesh Ambani keeps annual salary unchanged at Rs 15 crore
Wed, Jun 28, 2017
Reliance Industries' Chairman and Managing Director Mukesh Ambani kept his annual salary capped at Rs 15 crore for the ninth year on the trot and did not even take stock options that were given to other board directors.
State Bank of India chief's salary zilch compared to counterparts in private banks
Sun, Jun 25, 2017
SBI, one of the world's 50 largest banks, pays only a small fraction to its top management as compared to private sector players like ICICI Bank and HDFC Bank.
Air India privatisation welcome but clear salary dues first: Pilots
Sun, Jun 25, 2017
The proposal to privatise Air India is a welcome move but salary arrears should be settled first as promised earlier, feel pilots at the national carrier.
Invest monthly to avoid "month-end" nightmares
Mon, Jun 05, 2017
Initially, your savings are going to be less but make sure you do not procrastinate. Saving must be a habit no matter how small the amount.
How to save money? A simple guide
Wed, May 17, 2017
Now, with a decade of work experience coupled with multiple job jumps, A earns a respectable Rs 80,000 a month. However, she still suffers from the same problem. She is 30-years old but has no savings as Rs 80,000 a month is too little to survive on in a city like New Delhi or Mumbai, she claims.
Got an appraisal already? Use that extra income to secure your future
Mon, May 15, 2017
An additional increment in your salary or a bonus also gives you the chance to boost your insurance coverage.
Planning to use your Provident Fund? Here's how you can check PF status online
Mon, May 15, 2017
EPF balance consists of amount deducted every month from your salary plus the amount that is contributed to your EPF account by your employer.
Tata Motors to launch a new VRS plan to cut staff costs
Tue, Mar 14, 2017
The voluntary retirement scheme is a part of the on-going “organisation effectiveness” project, approved by the board, said the spokesperson.
7th Pay Commission recommendation: Your allowances hike may have wait a big longer; here's why
Fri, Mar 10, 2017
A Lavasa panel tasked tasked with examining the 7th Pay Commission’s (7th CPC) recommendations on allowances has been unable to reach a conclusion in its last scheduled meeting held on March 3 and will have few more meetings before it submits its report to FM Arun Jaitley
Freshers see 85% jump in Rs 6 lakh plus pay in last 1 year: Survey
Tue, Jan 03, 2017
The most in-demand job role, based on the number of applications received, was software developers.
Your salary to rise if Govt acts on new income tax slabs in Budget 2017; we calculate
Wed, Dec 21, 2016
Currently, no tax is charged up to income of Rs 2.5 lakh per year.
India to have highest salary increase in Asia Pacific in 2017
Mon, Dec 12, 2016
India and Vietnam will have the highest salary increases next year with a projected rise of 10.8 % and 9.2 % respectively among Asia Pacific's emerging economies, according to a report by a global consulting firm.
RBI Governor Urjit Patel gets Rs 2 lakh pay per month, no support staff at home
Sun, Dec 04, 2016
RBI Governor Urjit Patel gets a little over Rs 2 lakh as salary and has not been provided with any supporting staff at his residence, the central bank has said.
Bhaskar Khulbe highest paid officer in Prime Minister's Office
Mon, Aug 08, 2016
Khulbe, who is Secretary to the Prime Minister, gets a monthly remuneration of Rs 2.01 lakh, according to details of the salary as on June one, 2016 put on the PMO website.
Tech Mahindra's Vineet Nayyar got nearly Rs 182 crore as pay package in FY16
Tue, Jul 12, 2016
Tech Mahindra Vice Chairman Vineet Nayyar took home a total pay package of Rs 181.74 crore in 2015-16, largely on account of stock options encashed by him, making him one of the highest paid executives in India.