A CEO of an American firm has surprised one and all by announcing a 90 percent pay cut for himself and slashing of company's profits to give employees a hefty salary hike after he read a study about happiness.
In a windfall for legislators in Uttar Pradesh, Chief Minister Akhilesh Yadav on Thursday announced a substantial hike in their salary and emoluments on the last day of the over month-long budget session.
The market is certain of a hike to come this April but you have to be lucky to be in a sector that rewards you with a double digit salary growth. For the rest it might be a case of being just happy with a less than 10 percent rise this fiscal.
Delhi Government approved a proposal seeking hike in salaries of MLAs and Ministers by
upto 300 per cent, citing inflation and increased cost of living in the Capital, three months after the Centre rejected
a similar request.