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The Indian workforce can expect an average of 7.7% increment in 2021 as per the Aon India Salary Increase Survey . This marks a rise from 6.4% last year but ex 2020 it is still the lowest salary increase since post financial crisis in 2009. (can we use the graph they have in their presentation on page 3). The rise in salaries is in co-relation with the fact the Indian economy is expected to get back on the growth track in the current year. GDP numbers due on Friday should indicate that India has exited the recession.
No surprises that e-commerce and VC backed companies are likely to see salary hikes above the national average at 10.1% . Tech companies follow in close with an expectation of 9.7% hike. It will remain a struggle for those in Hospitality sector with a projected 5.5% rise as the industry continues to limp back into shape.
Aon survey also indicates that average variable pay&nbsp; as a percentage the fixed pay will come down across sectors led by financial institutions.
With 88% companies surveyed intending to give salary increases in 2021, as compared to 75% companies in 2020 the economic indicators are seemingly on the mend. Infant at 7.7% the pay hike will be better than most major economies, including Japan, the US, China, Singapore, Germany and the UK, where the average salary growth will be between 3.1% and 5.5%. (Last can also use a graphic with flags and % of hike anticipated from the presentation)

Expect a 7.7% pay hike in 2021: Aon survey

The Indian workforce can expect an average of 7.7% increment in 2021 as per the Aon India Salary Increase Survey . This marks a rise from 6.4% last year but ex 2020 it is still the lowest salary increase since post financial crisis in 2009. (can we use the graph they have in their presentation on page 3). The rise in salaries is in co-relation with the fact the Indian economy is expected to get back on the growth track in the current year. GDP numbers due on Friday should indicate that India has exited the recession.
 No surprises that e-commerce and VC backed companies are likely to see salary hikes above the national average at 10.1% . Tech companies follow in close with an expectation of 9.7% hike. It will remain a struggle for those in Hospitality sector with a projected 5.5% rise as the industry continues to limp back into shape.
 Aon survey also indicates that average variable pay&nbsp; as a percentage the fixed pay will come down across sectors led by financial institutions.
 With 88% companies surveyed intending to give salary increases in 2021, as compared to 75% companies in 2020 the economic indicators are seemingly on the mend. Infant at 7.7% the pay hike will be better than most major economies, including Japan, the US, China, Singapore, Germany and the UK, where the average salary growth will be between 3.1% and 5.5%. (Last can also use a graphic with flags and % of hike anticipated from the presentation)

The Indian workforce can expect an average of 7.7% increment in 2021 as per the Aon India Salary Increase Survey . This marks a rise from 6.4% last year but ex 2020 it is still the lowest salary increase since post financial crisis in 2009. (can we use the graph they have in their presentation on page 3). The rise in salaries is in co-relation with the fact the Indian economy is expected to get back on the growth track in the current year. GDP numbers due on Friday should indicate that India has exited the recession.
 No surprises that e-commerce and VC backed companies are likely to see salary hikes above the national average at 10.1% . Tech companies follow in close with an expectation of 9.7% hike. It will remain a struggle for those in Hospitality sector with a projected 5.5% rise as the industry continues to limp back into shape.
 Aon survey also indicates that average variable pay&nbsp; as a percentage the fixed pay will come down across sectors led by financial institutions.
 With 88% companies surveyed intending to give salary increases in 2021, as compared to 75% companies in 2020 the economic indicators are seemingly on the mend. Infact at 7.7% the pay hike will be better than most major economies, including Japan, the US, China, Singapore, Germany and the UK, where the average salary growth will be between 3.1% and 5.5%. (Last can also use a graphic with flags and % of hike anticipated from the presentation)

The Indian workforce can expect an average of 7.7% increment in 2021 as per the Aon India Salary Increase Survey . This marks a rise from 6.4% last year but ex 2020 it is still the lowest salary increase since post financial crisis in 2009. (can we use the graph they have in their presentation on page 3). The rise in salaries is in co-relation with the fact the Indian economy is expected to get back on the growth track in the current year. GDP numbers due on Friday should indicate that India has exited the recession.
 No surprises that e-commerce and VC backed companies are likely to see salary hikes above the national average at 10.1% . Tech companies follow in close with an expectation of 9.7% hike. It will remain a struggle for those in Hospitality sector with a projected 5.5% rise as the industry continues to limp back into shape.
 Aon survey also indicates that average variable pay&nbsp; as a percentage the fixed pay will come down across sectors led by financial institutions.
 With 88% companies surveyed intending to give salary increases in 2021, as compared to 75% companies in 2020 the economic indicators are seemingly on the mend. Infant at 7.7% the pay hike will be better than most major economies, including Japan, the US, China, Singapore, Germany and the UK, where the average salary growth will be between 3.1% and 5.5%. (Last can also use a graphic with flags and % of hike anticipated from the presentation)

'Charity begins at home': bill passed to cut MPs salary by 30%

Lok Sabha on Tuesday passed a bill to reduce for one year the salaries of MPs by 30 per cent "to meet the exigencies" arising out of the COVID-19 pandemic

Charity begins at home: Bill passed to cut MPs salary by 30%

A bill reducing 30% of MPs salary for one year&nbsp;to 'meet the exigencies' during the Covid-19 pandemic was passed on Tuesday in the Lok Sabha. Parliamentary Affairs Minister Prahlad Joshi said that the funds&nbsp;are needed to fight the economic crisis and "charity should begin from home". The Salary, Allowances and Pension of Members of Parliament (Amendment) Bill, 2020 was introduced in the Lower House on Monday to replace the ordinance which was cleared by the Cabinet on April 6. The bill will now be tabled in Rajya&nbsp;Sabha.&nbsp;
While supporting the salary&nbsp;cut, the Congress and other opposition demanded restoration of the MP Local Area Development Scheme which has been suspended for two years.&nbsp;

(PTI) Lok Sabha on Tuesday passed a bill to reduce for one year the salaries of MPs by 30 per cent "to meet the exigencies" arising out of the COVID-19 pandemic.
The Salary, Allowances and Pension of Members of Parliament (Amendment) Bill, 2020 was introduced in the Lower House on Monday.
It will replace the Salary, Allowances And Pension of Members of Parliament (Amendment) Ordinance, 2020.
The ordinance was cleared by the Cabinet on April 6 and promulgated the next day.
Replying to the debate on the bill, Parliamentary Affairs Minister Pralhad Joshi said that funds are needed to fight the COVID-19 pandemic and "charity should begin from home".
He also said that the economy was affected due to the lockdown, and in such a situation, the government has taken important decisions to deal with the crisis.
Responding to the demand by opposition members to restore MP Local Area Development Scheme (MPLADS), he said: "Whatever decision we have taken on MPLADS is temporary and only for two years".
It was decided by the government to suspend the MPLADS funds for 2020-2021 and 2021-2022.
Under the scheme, members of both Houses can recommend development programmes involving spending of Rs 5 crore every year.
The Congress and other opposition parties in Lok Sabha demanded the restoration of MPLADS funds even as they supported the government's decision to cut the salaries of members of Parliament.
Leader of the Congress party in Lok Sabha, Adhir Ranjan Chowdhury, said the MPLADS funds should be restored as it is being used by the members for development works in their respective constituencies.
Everybody has called for the restoration of the funds, so "why not we pass a unanimous resolution that the fund should be restored," he said.
He said that 93 per cent of the funds have been utilised by the members and the bulk of them were used for welfare activities for SCs, STs and villagers.
He said that while the government is giving tax relief to corporates, it is cutting the salaries of the MPs, and termed it as being "penny-wise and pound-foolish".
"I am appealing to the House that this fund should be restored," he added.
Members who echoed the demand included AAP's Bhagwant Mann, independent member from Maharashtra Navneet Ravi Rana, Ritesh Pandey (BSP) and AIMIM's S I Jaleel.
TMC MP Mahua Moitra said the government is doing a disservice through this decision.&nbsp;

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