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| Job Plan Fails To Meet Its Targets |
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| In spite of tall claims, the vote-catching Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has fallen short of its targets. As many as 15 states including Gujarat, West Bengal and Kerala have performed badly as compared to the national average of 48 days in executing the flagship programme. In its Mid Term Appraisal (MTA) of the 11th Five Year Plan, the Planning Commission has observed that only 14 per cent of worker households have finished 100 days of work mandated under the Act. Kerala, which the most socially advanced state in the country, was able to provide work for only 22 days. The plan panel also found that Gujarat was able to provide an average 22 days of work per household whereas West Bengal provided 26 days same as Bihar. Moreover, these three states have the poorest record on MGNREGA fund utilization with Gujarat spending only 1 per cent. |
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| Source : 21-07-10 Hindustan Times Compiled by Amresh Anjan |
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| A Professional Degree Can Not Guarantee A Plum Job |
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| If you are a student in an engineering or MBA institute that is not among the top 100 in the country, there are chances that you might not get a placement or might have to settle for a very average pay. This is irrespective of the economic scenario and the hiring plans of companies. A survey covering 200 engineering colleges and 200 MBA institutes beyond the top 100 reveals that, on an average, only 15-20% engineering students, and about only 30-40% management students get placed. Moreover, the average salaries for the engineering passouts range between Rs 10,000 and Rs 15,000 per month, while for MBA graduates, they are between the Rs 12,000-15,000 band. The survey by Elements Akademia, a talent and training company, covered 20 cities including Kanpur, Bhopal, Indore, Coimbatore, Madurai and Ahmedabad over two years from 2008. It evaluated placements and salaries of the last three years. |
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| Source : 17-07-10 DNA Compiled by Amresh Anjan |
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| Wage Board Probable For Tea Workers |
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| The Union government is planning to form an independent wage board in line with the same applicable for the plantation workers in the coffee and rubber industry in South India to bring parity in the wage structure of tea plantation workers throughout India. The proposal to form an independent wage board, which was a long-standing demand of the National Union of Plantation Workers, has been forwarded by the West Bengal labour department to the Union labour ministry. West Bengal labour minister, Mr Anadi Sahu, said that the initial reaction of the Union government on this proposal has been quite positive. He also said that even the Tea Board has been more or less positive on this proposal. Once the independent wage board is formed at the national level, their recommendations on the fixation of wage would be compulsory for the employees in the sector. |
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| Source : 21-06-10 DNA Compiled by Amresh Anjan |
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| MCD Not Giving Pension For Last 9 Months, Claim Its Councilors |
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| The cash-starved Municipal Corporation of Delhi (MCD) has not been able to pay the pension beneficiaries for last nine months, several councillors claimed. It pays Rs 1,000 per month to 750 beneficiaries in each ward under this scheme. But pensioners from only a few wards have been paid the amount, and that too only for October, November and December 2009. Rest of the amount has still not been paid due to a shortage of funds. |
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| Source : 20-07-10 Hindustan Times Compiled by Amresh Anjan |
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| RBI Introduces Performance Pay For Contractual Staff |
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| The Reserve Bank of India (RBI) has introduced a variable pay structure for the employees it plans to appoint on contract basis. The central bank has released advertisement in its website that it will recruit 200 executive interns in the age group of 21-30 years on a contract basis for three years with an annual package of Rs 500,000 in the first year in addition to a variable pay upto Rs 50,000 per year. Though the bank has not specified in the advertisement which department the new employees will join, sources revealed that most of the new recruits will join the information technology department. |
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| Source : 20-07-10 Business Standard Compiled by Amresh Anjan |
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| Staff Salaries To Leave Little Money For BMC's City Work |
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| The threat of an indefinite strike by disgruntled employees has forced the municipal corporation to pay them as per the Sixth Pay Commission recommendations and cough up their arrears. But this puts an additional burden of Rs 1,500 crore on the civic body, and this would come at the cost of Mumbai's maintenance and development. The decision increases the Brihanmumbai Municipal Corporation's (BMC) establishment cost from the current 65 per cent to 87 per cent. This means only 13 per cent will be left to provide civic facilities. "The finance crunch will reflect in a disappointing budget for the next three years till all dues are paid. It will affect services such as maintenance of roads and footpaths, cleaning drains," a senior official said. |
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| Source : 18-07-10 Hindustan Times Compiled by Amresh Anjan |
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| SC Helps A Man In Keeping Extra Wages |
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| A government employee from Uttar Pradesh who was mistakenly paid more than his salary for several months was saved by the Supreme Court and by rising inflation from returning the extra money. The UP government had asked Mr Ram Prasad, now retired, to return the extra amount — Rs 50,000. Interestingly, rather than giving in, Mr Prasad took the matter to court and ended up getting richer. Hearing his case in the Supreme Court, a bench headed by Justice Mr Markendeya Katju dismissed the government's petition, saying it was not fair to ask a retired man to return the money at a time when prices are skyrocketing. Mr Prasad was paid a salary in the scale of Rs 1,320-2,040, which is Rs 120 more than his actual scale. |
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| Source : 17-07-10 Hindustan Times Compiled by Amresh Anjan |
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| US Congress Votes To Restore Aid For Jobless In The Country |
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| The US Congress voted last week to restore aid for about 2.5 million jobless Americans while President Barack Obama had a setback in his fight against unemployment when initial claims for benefits surged. The extended benefits for the long-term unemployed cleared the US House of Representatives on a vote of 272-152, a day after the Senate ended a weeks-long partisan stalemate over the USD 34 billion cost of the measure and its impact on deficits and the economy. The bill now goes to the President, who is expected to sign it quickly into law. The Labor Department said that initial claims for state unemployment benefits surged by 37,000 to a seasonally adjusted 464,000 last week. |
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| Source : 23-07-10 moneycontrol.com Compiled by Amresh Anjan |
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| Winning Deposits From Asia Increase Salaries For Swiss Banks |
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| Swiss banks witnessed the highest wage demands in three years from bankers skilled at winning rich clients in Asia, where the number of millionaires rose 26% last year. UBS AG, Credit Suisse Group AG and Julius Baer Group, three of Switzerland's biggest fund companies, are fighting for so-called relationship managers as heightened scrutiny of individuals' tax affairs in Europe drives them to seek rich customers living in the world's fastest-growing economies. Retaining or hiring senior advisers in Asia can cost two to three years of bonuses, said Mr John Koh, managing director of WMRC, a recruitment firm in Singapore. Base pay increases of about 30% are available for switching firms and bankers with eight to 10 years of experience who have brought in assets of $300 million to $500 million can earn S$500,000 ($363,742). Entry-level advisers are paid about S$120,000, he added. |
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| Source : 22-07-10 The Financial Express Compiled by Amresh Anjan |
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| Wipro Creates Band For Its Employees |
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| Wipro has created a grade (band) to make sure its employees in the entry- and mid-level categories continue to grow by giving them speedier promotions and faster wage hikes. The firm feels that it is in these segments that the attrition rate is higher. It witnessed an attrition rate of around 17 per cent in the last quarter. Employees of the company are clubbed under five grades - A, B, C, D and E - based on experience and seniority. While freshers fall under the category of band A, people of the rank of vice-presidents and above belong to the E-band. Once a fresher completes a year, he is promoted to the B1-band. Employees of the rank of team leaders and similar positions, with more than four years experience, mostly belong to the B2-band. The company has split the B1 and B2 grades, meant for software professionals, to create another grade, B3. It hopes that this will help employees grow faster in the organisation. |
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| Source : 22-07-10 Business Standard Compiled by Amresh Anjan |
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| Vikas Sadan Is Boring, Says DDA Staff |
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| Interestingly, according to babus of DDA, a swanky new office building can make the Delhi Development Authority (DDA) more people-friendly and less corrupt. This is one of the suggestions that came up after DDA, the country's largest land development agency, asked for suggestions from its employees to improve its public image. The feedback given by employees includes suggestions like better training for employees, removing disparity of cadres in matters of salary and promotion, simpler procedures and faster disposal of public grievances, besides others. Majority of employees have responded that the DDA headquarters – Vikas Sadan – is drab and intimidating. "They feel that building should be beautified and there should be more landscaping, so people get a welcoming feel when they visit here," said a senior DDA official. The authority asked its employees for suggestions after being directed by Delhi's Lt. Governor Mr Tejendra Khanna, who is also Chairman, DDA. |
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| Source : 22-07-10 Hindustan Times Compiled by Amresh Anjan |
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| Mr Hitesh Oberoi Elevated To The Position Of Infoedge's CEO |
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| Info Edge India Ltd has named its chief operating officer Mr Hitesh Oberoi as its new managing director and chief executive officer in place of Mr Sanjeev Bikhchandani who has been designated as founder and executive vice chairman. Both Mr Bikhchandani and Mr Oberoi will report directly to the Board. Mr Ambarish Raghuvanshi, director and chief financial officer, Info Edge India, has now been designated as group president, finance and CFO. According to the company, Mr Raghuvanshi will work with both Mr Hitesh Oberoi and Mr Sanjeev Bikhchandani in their respective roles. |
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| Source : 23-07-10 naukri.com Compiled by Amresh Anjan |
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| Mr Shirish Dattatraya Is Bank Of Maharashtra Workmen Employee Director |
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| Bank of Maharashtra announced that the ministry of finance has nominated Mr Shirish Dattatraya Dhanak as workmen employee director on the company's board with effect from July 21. The appointment has been made for a period of three years or till Mr Dhanak ceases to be a workmen employee of Bank of Maharashtra or until further orders. |
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| Source : 23-07-10 The Financial Express Compiled by Amresh Anjan |
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| Convergys Appoints New Country Manager |
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| Convergys Corporation has named Mr Hanumant Talwar as country manager for Convergys' customer management operations in India. In this role, Mr Talwar is responsible for overseeing the operations of Convergys' seven contact centers and nearly 10, 000 customer management employees in India. Prior to this, he served as vice-president and head of operations for Convergys in India. |
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| Source : 23-07-10 The Financial Express Compiled by Amresh Anjan |
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| Firstsource Gets New COO |
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| Firstsource Solutions, a global service provider of business process outsourcing (BPO) services, has named Mr Shalabh Jain as Chief Operating Officer (COO) for the Asia business unit of the company. He will report to Ms Chandra Iyer, EVP & head Asia business unit. Prior to the appointment, he was head of India business at Mphasis. |
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| Source : 23-07-10 The Financial Express Compiled by Amresh Anjan |
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| Vdopia Announces Appointment Of Mr Lovnish Bhatia |
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| Mr Lovnish Bhatia has been appointed as general manager business development for the India operations of Vdopia. He will be responsible for strategic and operational leadership of the company's growing business operations within the region, including business development. Mr Bhatia has over 10 years of experience in the media industry. |
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| Source : 23-07-10 The Financial Express Compiled by Amresh Anjan |
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| Nokia Begins Search For New CEO |
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| Nokia Corporation has come up with a search to replace current chief executive Mr Olli-Pekka Kallasvuo, who has been struggling to mark a place for the company in the high-end smartphone market, according to a media report. The move comes as Mr Kallasvuo struggles to find traction for the company in the market for up-market phones. |
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| Source : 20-07-10 business.rediff.com Compiled by Amresh Anjan |
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| Patni Names Mr Apoorva Singh As Global Head |
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| Patni Computer Systems announced the appointment of Mr Apoorva Singh as its Senior Vice-President and Global Head-Infrastructure Management Services. In the new role, Mr Singh will be heading the infrastructure mangement services vertical along with Patni's customer interaction services division relating to technology-based support business, a press release issued here stated. He has 15-years of industry experience to his credit and in his previous assignment has worked with Infosys as Head of its IMS division for the EMEA region. Before that, he has worked in leadership roles with companies like Solix/Emagia Corporation, MeraNet Private Limited and Maruti Udyog, the release said. |
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| Source : 20-07-10 DNA Compiled by Amresh Anjan |
