Wages

Parliamentary panel recommends increasing wages under MGNREGA

It suggested that the number of minimum guaranteed working days under the scheme be increased to 150 days and called for parity in wages that the states pay under MNREGA

Salary, wage expenses growing faster than revenues for India Inc

The analysis is based on a common sample of 667 companies from BSE 500, BSE Mid Cap and BSE Small Cap Index excluding their listed subsidiaries

India's GDP growth loses momentum: What's behind the urban spending freeze?

India's swelling urban middle class has been the engine of its growth for far longer than government capex has

Govt likely to double EPF monthly-wage cap to Rs 30,000 per month

Plans afoot to bring ceiling under ESIC on a par with EPF

Amazon workers in India join protest for better wages, working conditions

The protests come at a time when Amazon India has announced its inaugural Black Friday event, running from November 29 to December 2

India's falling wages hit economy as consumers cut back on everything

Some of country's biggest companies from Maruti Suzuki to consumer bellwether Hindustan Unilever have posted weaker earnings recently, saying urban middle class spending has been languishing

FY23 wage share in NVA below the pre-pandemic level, shows ASI data

This is despite a fall in the share of profits to NVA and a rise in the share of wages and emoluments in 2022-23 compared to 2021-22

Pope Francis urges leaders in S'pore to seek fair wages for foreign workers

These workers contribute a great deal to society and should be guaranteed a fair wage, he said

Proverbial ostrich: Cong slams govt over unprecedented decline in wages

The Congress on Sunday claimed that a combination of slow wage growth and "back-breaking" inflation has caused an unprecedented decline in real wages and said that like the "proverbial ostrich", the government continues to remain blind to the most fundamental challenge faced by the Indian economy. Congress general secretary in-charge communications Jairam Ramesh said a new report by a noted brokerage firm has once again shed light on the truth that the Union Government has consistently denied - real household incomes in India are facing a persistent decline. "A combination of slow wage growth and back-breaking inflation has caused an unprecedented decline in real wages (wages adjusted for price rise) and therefore incomes," he said in a statement. Ramesh pointed out that several surveys and data sets - including the Annual Survey of Unregistered Enterprises (ASUSE), the Reserve Bank of India's KLEMS data, and the Household Consumer Expenditure Survey (HCES) - have demonstrated ...

Paytm to cut remuneration of its board members, cap annual pay at Rs 48L

Currently, the annual salaries of non-executive independent directors of Paytm's board members runs into crores

BOJ highlights rising wage pressure from structural changes in job market

The findings back up the central bank's argument that broadening inflationary pressures warrant raising interest rates

Indian port workers to go on strike to demand better wages, benefits

Around 20,000 workers are part of the group of port workers' unions, and all of them would join the strike, said Sathya Narayanan, a senior union member

Thousands of drivers file legal claims against Amazon for unpaid wages

Thousands of delivery drivers filed legal claims against Amazon on Tuesday, alleging the company's classification of them as independent contractors instead of employees has led to unpaid wages and other financial losses. Two law firms spearheading the action said about 15,860 Amazon Flex drivers have submitted arbitration claims with the American Arbitration Association, where 453 similar cases are already being litigated. Amazon's Flex program, which was founded in 2015, signs up drivers to deliver packages with their own cars and a special app. The company pitches the work as a flexible, part-time opportunity that allows people to earn extra income during the hours they choose. Most drivers earn $18-25 per hour, according to Amazon, though how much they get paid can depend on other factors, such as their location and how long it takes to complete deliveries. The arbitration claims submitted Tuesday were made by drivers in California, Illinois and Massachusetts, all of which have

Samsung Electronics' union in S Korea calls first ever walkout next week

The union, which has about 28,000 members, or more than a fifth of the company's total workforce, said it will stop work for one day on June 7

ECB policy must stay restrictive into 2025, says chief economist Lane

ECB policymakers needed to keep rates in restrictive territory this year to ensure that inflation kept easing

Growth in US labour costs accelerates in first quarter amid rise in wages

The Employment Cost Index (ECI), the broadest measure of labor costs, increased 1.2% last quarter after rising by 0.9% in the fourth quarter, the Labor Department's Bureau of Labor Statistics said

Congress questions Modi govt on payment of MGNREGS wages in Karnataka

Attacking the Modi government over key issues in Karnataka, the Congress on Monday questioned the "delay" in the vital Bagalkote-Kudachi Railway line project and also asked when it is going to pay the state's MGNREGS workers their wages. Congress general secretary Jairam Ramesh posed questions to Prime Minister Narendra Modi ahead of his rally in Bagalkote in Karnataka. "Why has the Modi Government failed to deliver the Bagalkote-Kudachi Railway line? Why is the Modi Government holding up the Upper Bhadra and Mahadayi projects? When will the PM pay Karnataka's MGNREGA workers?" Ramesh said in a post on X. Elaborating on what he said were "jumla details", Ramesh said the Bagalkote-Kudachi line of the South-Western Railway has now been delayed by more than eight years. As of today, only 33 per cent, or 46 km of the 142 km line has been completed, he said. "Originally sanctioned in 2010-11 at an outlay of Rs 986 crore, the project has now seen its cost balloon to Rs 1,649 crore. ...

Five-day week not there yet, but bank wage settlement has a lot for bankers

While the wait for a five-day week gets longer, the most interesting developments that make the agreement progressive and humane relate to leave

Bank of Japan leaning toward exiting negative rates in March: Report

Upon ending negative rates, the central bank is also likely to overhaul its massive stimulus programme that consists of a bond yield control and purchases of riskier assets, they said

BOJ Governor Kazuo Ueda keeps upbeat view on inflation, wage outlook

He added that Japan was in a "state of inflation," rather than deflation, and is likely to see prices keep rising