E-PaperWage Revision News
How severely will wage hikes impact cement firms?
Now that provisions have to be made for arrears, although in two instalments, staff cost is anticipated to rise in the coming quartersCement companies are most likely to pass this burden via price hikes, as they have done in the past
1 min read24 Feb 2019Bank unions call for 2-day nationwide strike from 30 May over wage revision
Employees, officers of various state-run banks have called for a 2-day nationwide strike from 30 May to protest a nominal 2% wage hike offered by the Indian Banks' Association
1 min read24 May 2018Bank employees’ unions reject 2% salary hike, threaten strike
Bank employees' unions have rejected the 2% salary hike offer made by Indian Banks Association (IBA) and threatened to go on 2 day strike to press their demand
1 min read5 May 2018Bajaj Auto union threatens hunger strike from Monday over non-revision of wages
Bajaj Auto management was to revise the three-year wage agreement with its over 1,000 permanent employees at the Chakan plant in 2016 but it has still not moved on the issue
1 min read25 Jan 2018PSUs wage revision: Cabinet gives nod to policy framework
The report says the CPSEs would be 'free' to negotiate wage revision for workers where the periodicity of wage settlement of 5 years or 10 years 'expired' on 31 Dec 2016
1 min read22 Nov 2017Govt asks public sector banks to finalise next wage revision before 1 November
In a communication to CEOs and MDs of the state-owned banks, the finance ministry advised them to initiate the steps for smooth conclusion of next wage revision
1 min read9 Apr 2017Demonetisation: Bank union seeks overtime for extra working hours, writes to Modi
National Organisation of Bank Workers in a letter asked Narendra Modi to advise the bank managements to consider the overtime for extra hours
1 min read2 Jan 2017IDBI Bank unions threaten strike over wage revision
IDBI Bank Officers Union, demanding a wage revision of not less than 15%, may go for agitation which includes one-day strike in November
2 min read24 Oct 2016Bajaj Auto workers on hunger strike on Sunday over wage revision
This is the second time in three years, that the Union is going for industrial action over wage revision at Bajaj Auto
2 min read1 Oct 2016Public sector bank employees’ strike deferred
Four-day strike has been put on hold as IBA assured that wage issue will be resolved by the first week of February, says UFBU convener
1 min read19 Jan 2015Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared