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Like many others, the Queen of England will also not get a pay hike, at least till elections next year. The Daily Express said British Prime Minister Mr Gordon Brown has told the queen that she will have to wait until after the general elections to discuss her bid for a rise in her £7.9 million a year Civil List payment. He has decided not to fix a new 10-year deal covering the queen's costs, fearing that the plea for a huge pay rise over the next 10 years could become an election issue, the report revealed.
Source: 22-12-09 Business Standard Compiled by Amresh Anjan
Huge Gap In Demand-Supply Of Skilled Manpower: HR Experts
During a management conference, Human resource (HR) professionals said that more interface between educational institutions and industry should take place. "While many engineers are passing out, in terms of employability, skilled man power is still lacking. There is a need for more interface between educational institutions and the industry. While such an interface does take place, more efforts in this end is needed," said Mr AP Singh, senior vice president (HR), Reliance Industries Limited (RIL). HR experts also said that if HR management is done in an effective manner with a human face, a company can maintain its growth rate even during the time of economic crisis. "Open-minded education system with all-inclusive approach is a must for creation of human capital for the future. Further, proper support should be extended to ensure skill-building among the entire work force of the country," said Mr Yatindra R Sharma, joint managing director, KHS Machinery Pvt Ltd and vice-chairman, CII, Gujarat.
Source: 21-12-09 Business Standard Compiled by Amresh Anjan
Mr. Mukesh Ambani Ranked Among The Top Five CEOs In The World
The prestigious Harvard Business Review has ranked Mr. Mukesh Ambani, who heads India's leading company Reliance Industries, among top five best performing CEOs in the world. He is in the same league as Mr. Steve Jobs of Apple, Mr. Yun Jong-Yong of Samsung Electronics, Russian energy firm Gazprom's Mr. Alexey Miller and Mr. John Chambers of Cisco Systems.
Source: 18-12-09 livemint.comCompiled by Amresh Anjan
Infosys All Set For A Change In Leadership In 2011
Infosys chief, Mr. NR Narayana Murthy is planning to retire in 2011. He shared his opinion on who will take over as the next chief after his retirement and indirectly hinted out that somebody loyal to the organisation will take the charge, selected mainly on the basis of merit and competence.
Government is all set to impose tax on all perks given to employees on their salaries, be it residential accommodation, conveyance or any other, which is paid for by the company, under a new law that replaces the already abolished Fringe Benefit Tax. The perks to be included in the taxable salary include residential accommodation given by the employer, expenses on motor car for official or personal use, salaries of the driver, gardener and even sweeper if paid by the employer and concessional education provided to the employee's children.
Source: 20-12-09 DNA Compiled by Amresh Anjan
Recruitment Process To Be Changed By IIM-A
Indian Institute of Management (IIM), Ahmedabad has decided to give recruiters more time to study, evaluate and interview students before handing them appointment letters. "The move essentially aims at a better match-making process, ensuring a better fit between the students and the firms," said Mr. Saral Mukherjee, faculty chairman at IIM-A.
Source: 25-12-08 DNA Compiled by Amresh Anjan
Two More Non-Executive Directors To Step Down From The ITV Board
Following the appointment of new chairman Mr Archie Norman at the troubled broadcaster last month, two more non-executive directors announced their intention to step down from the board of British broadcaster ITV. Britain's biggest free-to-air commercial broadcaster, which has spent most of this year in a hunt for leadership, said Ms Heather Killen and Mr Agnes Touraine would step down on December 31. The board is yet to announce replacements for the two directors.
Source: 24-12-09 DNA Compiled by Amresh Anjan
Tata Steel Looks At Rehab Package For Corus Staff
An official of Tata Steel said that the steel major is likely to provide a rehabilitation package for the 1,700 workers slated to lose their jobs due to the partial mothballing of its subsidiary, Corus' Teesside plant in Britain. "Before we began the acquisition, we were aware that the size of the existing workforce at Corus would have to be brought down. The workers who will be laid off at Teesside could be rehabilitated through training and retraining. I am optimistic that something will be worked out," said Mr R N Misra, head of human resources and industrial relations-legal, on the sidelines of an event organised by the Indian Chamber of Commerce.
Source: 24-12-09 rediff.comCompiled by Amresh Anjan
Good News For MP university Staff
In accordance with the University Grants Commission (UGC), the Madhya Pradesh government has recommended the 6th Pay Commission to the universities' staff including respective registrars, vice-chancellors, sports officers and librarians with effect from January 2006. At present, a lecturer's pay scale is between Rs 8,000 and Rs 13,500. For assistant professor, assistant professor (senior scale) and assistant professor (senior grade), the pay scale will now be between Rs 15,600 and Rs 39,100 while the grade pay will be from Rs 6,000 to Rs 8,000. This move will also entitle teachers for an annual increment of three per cent of the basic salary with compounding effect.
Source: 23-12-09 Business Standard Compiled by Amresh Anjan
Mr Anant Goenka To Take Over As Ceat Deputy MD
Mr Anant Goenka, son of RPG Group Chairman Mr Harsh Goenka, will take over as deputy managing director, a post created at tyre major Ceat on January 4, 2010. This move comes on the back of a series of next generation family members taking over from current promoters of the companies. Ms Roshni Nadar, daughter of HCL founder Mr Shiv Nadar, took over as CEO of the company in July. Ms Nandini Piramal, eldest child of Mr Ajay and Ms Swati Piramal, became executive director of Piramal Healthcare in April. At 28, Mr Anant Goenka will be the youngest executive on the board of India's fourth-largest tyre maker.
Source: 22-12-09 Business Standard Compiled by Amresh Anjan
Who Will Get The PFRDA Top Job?
A four-member committee headed by the finance secretary is scheduled to meet candidates for the chairman's post in Pension Fund Regulatory and Development Authority (PFRDA). Revenue Secretary Mr P V Bhide, Transport Secretary Mr Brahm Dutt and IDBI Bank Chairman Mr Yogesh Agarwal are a part of this race. In addition, Mr Devashish Gupta, a Jharkhand cadre IAS officer and West Bengal cadre officer Mr Anil Verma were also in the contention, as per sources familiar with the selection process. Apart from Finance Secretary Mr Ashok Chawla, former Chairman of Securities and Exchange Board of India Mr G N Bajpai, Indian Institute of Management (Calcutta) Director Mr Shekhar Chaudhuri and Personnel Secretary Mr Shantanu Consul are the members of the committee. The sources said the five candidates have been shortlisted from those who had applied for the job.
Source: 22-12-09 Business Standard Compiled by Amresh Anjan
Aditya Birla Minacs To Recruit 2, 000 People In Six Months
Aditya Birla Minacs, the BPO arm of the Aditya Birla Nuvo group, is planning to hire around 2,000 people in the next six months. In the beginning of the year, it had won a Rs 600-crore outsourcing services deal. As part of its strategy to be a $1-billion (Rs 4,700 crore) company in the next four years, the company is eyeing the fast-growing telecom and insurance space in the domestic market.
Source: 20-12-09 Business Standard Compiled by Amresh Anjan
Tata Coffee To Appoint Mr Hameed Huq As New MD
Tata Coffee has decided to appoint Mr Hameed Huq, the executive director (plantations), as managing director of the company for three years from January 3, 2010. Mr M H Ashraff, the current MD of Tata Coffee, will step down from January 2010.
Source: 19-12-09 Business Standard Compiled by Amresh Anjan
Punjab Enhances The Monthly Minimum Wages
The Punjab Government has revised the monthly minimum wages of unskilled workers from Rs 3,200 to Rs 3,398 with effect from September 9. This was disclosed by Punjab Labour and Employment Minister Mr Tikshan Sud while presiding over a meeting of the Minimum Wages Advisory Board. Nearly 200,000 private security personnel, around 250,000 teachers in private schools all over the state and about 500,000 sweepers and semi-skilled workers would be benefited with this move. Mr Sud added that an employer was liable to a six-month imprisonment or a fine of Rs 5,000 or both in case he did not pay his employee as per the Minimum Wages Act.
Source: 19-12-09 Business Standard Compiled by Amresh Anjan
PHDCCI Appoints New President
Mr. Ashok Kajaria, chairman and managing director of Kajaria Ceramics Limited, has taken over as the new president of PHD Chamber of Commerce and Industry. He has succeeded Mr Satish Bagrodia, who is now the managing director of Winsome Textile Industries Limited.
Source: 25-12-09 Business Standard Compiled by Amresh Anjan
