Govt working on proposal to raise minimum wages

Last Updated: Tuesday, August 11, 2015, 17:53

The government is working on a proposal to raise minimum wages of workers, a top Labour Ministry official said Tuesday.

India can take on China with low cost of wages: Arun Jaitley

Last Updated: Friday, August 7, 2015, 21:58

Speaking at a leather industry event, he said India's largest competitor China is facing today a "great challenge of a high wage bill". China's labour cost, which was once affordable, is now high.

Cabinet approves direct release of wages to MGNREGA workers

Last Updated: Wednesday, August 5, 2015, 22:34

The Union Cabinet Wednesday approved release of wages directly to the accounts of the workers engaged under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA).

Wipro hikes employee wages by 7%

Last Updated: Wednesday, June 3, 2015, 16:02

The country's third-largest software services firm Wipro on Wednesday said it has hiked wages of its employees by seven percent.

No factory for old men - Hyundai Motor seeks to end seniority-based pay

Last Updated: Friday, April 17, 2015, 06:09

In a bid to curb rising domestic labour costs, Hyundai Motor Co <005380.KS> is seeking to base wages on merit not seniority in an overhaul of a decades-old salary system that puts the South Korean firm on a collision course with its activist union.

RBI invites public comments on data standardisation

Last Updated: Tuesday, March 24, 2015, 20:54

The RBI on Tuesday invited comments from the public on the recommendations of a panel which has made a case for compilation of separate indices on producer price, labour force, urban wages and household indebtedness.

Samsung Electronics to freeze salaries in Korea for first time since 2009

Last Updated: Thursday, February 26, 2015, 16:29

The last time Samsung Electronics froze salaries was 2009 when the company reeled from the global financial crisis. Since then, it has increased salaries.

Bank strike called off; unions, IBA agree on 15% wage hike

Last Updated: Monday, February 23, 2015, 17:51

Employee unions of public sector banks Monday withdrew their strike call following an agreement with the management on 15 percent wage hike.

Retail giant Walmart to raise wages for US staff

Last Updated: Friday, February 20, 2015, 01:53

Global retail giant Walmart, which has faced criticism over low salaries and skimpy benefits for years, announced Thursday it would raise wages for 500,000 workers in the US.

Wal-Mart to spend $1 bln to raise US wages this year

Last Updated: Thursday, February 19, 2015, 22:59

Wal-Mart Stores Inc , long criticised for its low wages and employee benefits, said it would spend more than $1 billion to increase pay for half a million US employees this year.

Jobs down 3.6%, wages up 11.1% in 2012-13

Last Updated: Tuesday, December 30, 2014, 15:34

The number of jobs in different industries decreased by 3.6 percent whereas wages increased by 11.1 percent in real terms in 2012-13, says a government survey.

Need to have parity of wage under MNREGA, Minimum Wages Act: Jairam

Last Updated: Sunday, February 2, 2014, 21:46

Union Rural Development Minister Jairam Ramesh said there was a need to have parity of wage under the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) and the Minimum Wages Act.