On June 29, 2016 21:38 (IST)
The government on Wednesday approved an increase of at least 14.29 per cent in salaries and pensions for about one crore (10 million) government employees and pensioners, a move that is expected to boost consumer demand and underpin economic growth.
On June 29, 2016 17:52 (IST)
Arrears related to the Seventh Pay Commission will be paid this year, Finance Minister Arun Jaitley said on Wednesday.
On June 30, 2016 11:21 (IST)
In a big bonanza for 1 crore government employees and pensioners, the Union Cabinet today approved the Seventh Pay Commission's recommendations. Effective January 1, the salary of government staff will go up by 23.5 per cent.
On May 30, 2016 18:24 (IST)
Wipro, India's third largest software services firm, on Monday said it will hike salaries of its employees in the country by an average 9.5 per cent this fiscal year, in line with its larger rivals Tata Consultancy Services (TCS) and Infosys.
On November 19, 2015 19:52 (IST)
The Seventh Pay Commission headed by Justice A K Mathur submitted its report to Finance Minister Arun Jaitley on Thursday.
On November 19, 2015 10:48 (IST)
Sajjid Chinoy, India economist, JP Morgan, says the government would do well to approve a "conservative" wage hike for central government employees and pensioners. The Seventh Pay Commission is expected to propose an approximate 15 per cent hike in salaries starting January 1, 2016.
On October 12, 2015 07:39 (IST)
As new-age firms dole-out fatter salaries to attract the most skilled employees, companies need to strengthen their work environment, increase their staff engagement and reward policies, to hold on to talent.
On July 07, 2015 00:46 (IST)
At least three companies in Greece including its biggest electronic appliances chain have paid staff in cash, after the country imposed limits on withdrawals from banks last week in a bid to ward off a possible collapse of its banking system.
On June 03, 2015 16:04 (IST)
Wipro, India's third largest software services firm, on Wednesday said it has hiked wages of its employees by 7 per cent.
On February 27, 2015 17:42 (IST)
Sahara's long-drawn dispute with the Securities and Exchange Board of India (Sebi) over investor repayments has begun to take its toll on salaries of the group's employees, which are getting delayed amid a major liquidity crunch.
On February 02, 2015 23:51 (IST)
With employees found responsible for up to 15 per cent of Air India's flight delays, the airline has been directed by the government to penalise them by cutting salaries in a bid to fix accountability.
On August 19, 2014 09:51 (IST)
The British government has brought in laws to curb executive pay and bonuses since the financial crisis, but a severe squeeze on wage growth has fuelled public anger about highly-paid senior executives.
On May 25, 2014 20:25 (IST)
Salary payments at the Naresh Goyal-run Jet Airways continue to be delayed despite the Rs 2,060 crore infusion by Etihad, and the issue would be raised at the meeting of the staff representatives and chief operating officer Hameed Ali this week, according to sources.
On March 31, 2014 21:03 (IST)
Under pressure from a long-running investor refund battle with market regulator Securities and Exchange Board of India (Sebi), the Sahara group has informed its staff that their salaries may get delayed due to the prevailing adverse situation, according to PTI.
On February 10, 2014 15:17 (IST)
As public sector bank employees started a two-day strike today seeking higher wages, Finance Minister P Chidambaram said the profit of banks cannot be used only to enhance salaries because there are other obligations.
On January 02, 2014 19:20 (IST)
Besides non-payment of salaries, the Vijay Mallya-owned private carrier, which stopped operations in October 2012, has defaulted on payment of loans worth over Rs 7,200 crore, secured mainly from the public sector banks.
On December 29, 2013 15:13 (IST)
Grounded carrier Kingfisher Airlines' employees, who have not been paid their salaries for the past 17 months, have said they will seek help from Delhi Chief Minister Arvind Kejriwal in getting their dues.
On June 07, 2013 23:39 (IST)
The employees of the grounded Kingfisher Airlines, who were on a hunger strike, called it off late on Friday though airline chairman Vijay Mallya reportedly expressed inability to pay salary arrears.
On June 07, 2013 21:27 (IST)
The employees of the grounded airline have been on a hunger-strike since yesterday at the Kingfisher House seeking salaries which have not been paid since last August.
On May 24, 2013 17:13 (IST)
Of the Rs 6,000 crore received in 2012-13, the airline spent Rs 1,803 crore on pending staff salaries, paid off Rs 1,253 crore as jet fuel dues to oil marketing companies and Rs 1,100 crore as loan and interest payments for aircraft acquired, official data showed.