UNSKILLED WAGE RATE
Nominal GDP needs to grow above 10% for wage growth
At present, India’s nominal GDP growth stands at 7.5 per cent against 11.20 per cent a year ago.
The Code on Wages, 2019: Understanding the key changes to wages, remuneration and bonus
The Code has expanded the definition of “employer” as...
MGNREGA may get linked with CPI-R
Ministry of rural development currently revises the unskilled wage rate under the Mahatma Gandhi National R...
Stock pick of the week: Why Mphasis is ready for a re-rating
Mphasis reported 15% q-o-q growth in new orders for the direct business and similar growth is expected in the coming quarters too. Improvement in growth rate and new big order wins can be a trigger for re-rating of the comapny.
Salaries in India likely to rise by 9.2 pc in 2020; inflation-adjusted real-wage at 5 pc: Report
India's salary growth for 2020 stood at 9.2%, while real-wage may stay constant at 5% in 2020, as per a report.
US Federal Reserve keeps rates steady, signals no change in 2020
The Fed said it will continue to monitor the implications of data for the economic outlook.
Recent cut in corporate tax rate was done to boost investments: CEA
"Private investment is the driver of economic growth. Steps that we are taking, be it corporate tax rate cut, be it code on wages and industrial relations, is to try and create a more favourable environment for investment," Chief Economic Adviser KV Subramanian said at the FICCI Young Leaders Summit. He said investment is required for a sustained economic growth.
Can a new ship-recycling law help India regain its status as the world’s top dismantler of vessels?
India used to be the world leader in the industry before competition from Bangladesh became too hot to handle.
Wage levels very low in microenterprise sector, finds new report
The report said the vast majority of microenterprises are tiny and run with less than three workers.
Gold rate today: Bullion flat ahead of FOMC meet, China tariff deadline
The deadline for the next round of tariffs on Chinese imports to the US is December 15.
Don’t want to thrust wage rates on any state: Santosh Gangwar
Union Labour Minister says the Code, in no way, compromises equality in wages.
55 lakh workers to benefit from increased minimum wages notified by Delhi govt: Arvind Kejriwal
The enhanced minimum wages for unskilled workers have been fixed at Rs 14,842 per month, for semi-skilled workers at Rs 16,341 per month and for skilled workers at Rs 17,991 per month.
Number of workers grew 4.8% to 12.2 million in FY18: ASI data
Manufacturing sector investments declined 10.3% in 2017-18, as pet the data released by the ASI.
Cut in corporate tax rate was needed to spur investments, boost growth: CEA Subramanian
For us (India) to achieve the goal of USD 5 trillion economy by 2024-25, and USD 10 trillion by 2030, we need to press the paddle on structural reforms, Chief Economic Adviser K V Subramanian said and explained the host of measures that the government has taken in recent times.
IDBI Capital maintains buy on VIP Industries, target price Rs 574
The stock closed at Rs 435, down 0.3 per cent on Thursday.
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