Tag: basic pay
9% pay hike for Citigroup CEO
Jane Fraser, CEO, Citigroup, will enjoy a pay hike while most other executives across various financial institutions in the US are taking a pay...
4% DA hike likely for government employees
Government employees can expect a four per cent increment in dearness allowance (DA) this time. The hike will reportedly come into effect from 1...
Wage Code: Is it beneficial to the employees or the employers?
The Code on Wages Bill 2019 has become a topic of much chatter. The new rule states that the allowances cannot be more than...
Labour Code 2020: Lesser take-home salary, more gratuity for private employees
As per the Code on Wages, which will come into effect in April, private companies will have to take a relook at the salary...
DoPT issues new instructions for night duty allowance
The practice of giving night duty allowance to the employees of the Central government with a particular Grade Pay has been terminated. As per...
BEST employees to get 17% pay hike and Diwali bonus
The Brihanmumbai Electric Supply and Transport (BEST) management, has entered into an agreement with a workers’ union led by the Shiv Sena. The Memorandum...