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PAY HIKES 2013
What's brewing? FinMin seeks gold lending info from banksIn a communique to banks on Friday evening, the Department of Financial Services sought data on value and quantity of gold metal loans (GML...- Rupee plunge sees India turn to 2013 taper tantrum playbookIndia's central bank is considering measures to stabilize the rupee. The currency has fallen to a record low, increasing import costs. The ...
- India's shock absorbers are not workingIndia's external sector faces unprecedented pressure. Shock absorbers that previously aided recovery have weakened simultaneously. This inc...
- The 2013 ghost returns: Will higher gold duties actually restrict imports or just fuel the grey market?India’s shock hike in gold and silver import duty to 15% has revived memories of the 2013 crisis. While the move aims to curb dollar outflo...
- Govt may hike FDI limit in pension sector; Bill likely in Monsoon SessionThe government is poised to significantly boost foreign direct investment in the pension sector, potentially raising the limit to 100%. A b...
- Government to increase dearness allowance to 107%, up from 100%With increase in DA, the pensioners will also gain as the benefit provided to them as dearness relief will be hiked to 107 per cent of basi...
- Govt likely to increase and merge dearness allowance with basic payDA is merged with basic pay when it breaches the 50% mark. DA merger helps employees as their other allowances are paid as a proportion of ...
- Centre to hike DA by 10% for second time, will make it 100%It will be the second double digit DA hike in a row. The govt had announced a hike of 10% to 90% in September last year, effective from Jul...
- Tamil Nadu announces pay hike for TANGEDCO employeesTamil Nadu government today announced a seven per cent hike in salary of Electricity Board employees.
- Govt hikes pay packages of regulatory bodies chairpersons, members"Cabinet today approved the revision of the consolidated pay package of Chairpersons and full time members of regulatory bodies with effect...
- ONGC for one-time diesel price hike to combat rising fuel pricesONGC said today that one-time hike in diesel price is the only option to combat rising fuel prices globally.
- Govt likely to announce 10% DA hike next monthThe government is likely to announce a hike in dearness allowance to 90 per cent from existing 80 per cent in September.
- Power tariff goes up by average 9% in Punjab; max hike in industryThe power regulator also announced hike in peak load hour exemption charges by whopping 50 per cent.
- Decision on hiking dearness allowance deferredThe government on Tuesday deferred a decision on hiking dearness allowance (DA) of central government employees to 80 per cent.
- Centre may hike DA to 80 per cent tomorrowUnion Cabinet is likely to approve tomorrow a proposal to increase DA to 80% from existing 72% benefiting about 50 lakh employees and 30 la...
- Corporate sentiment cautiously positive; employees can expect 12% hike this year: MercerThe pharmaceutical sector, at 12%, expects the highest salary increments while high-tech sector is expected to give the lowest increments a...
- Government panel likely to allow 25% hike in sugarcane FRPA government panel may approve nearly a 25% hike in sugarcane prices that the mills have to pay to farmers in a season in which plantings a...
- New Year may bring in up to 10 lakh jobs, 10-15% pay hikesThe New Year may usher in loads of cheers for job seekers, as companies are likely to dole out pay hikes in the range of 10-15% to high-per...
- Pay hikes likely to be at 11.2%; IT may not reward with similar incentives as 2012: Hay GroupHay Group said that sectors such as infrastructure, real estate and IT may not be rewarding their performers with similar incentives as las...
- NDMC proposes 3 per cent hike in property taxPeople residing in New Delhi Municipal Corporation areas may end up paying double the property tax from next fiscal with the civic body tod...
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