Thursday, February 21, 2013

Expect decades worst salary hike this year


A violent start to yesterday's two-day Bharat Bandh, which also saw banking services and public transport severely hit across to country, is reported in the press. "Rioters take over Noida as bandh cripples life in Capital, headlines The Times of India. The Tribune reports that Public transport, banking and insurance services were badly affected, specially in Delhi and Maharashtra, as also in Kerala, Tripura and Bihar.

The Statesman writes that British Prime Minister David Cameron knelt down at the Jallinwala Bagh Memorial while paying tribute and observed a one minute silence with folded hands as a mark of respect. He described the incident as 'deeply shameful' - but stopped short of a public apology.

"Expect decades worst salary hike this year" reports Hindustan Times. Low salary hikes are here to stay, as corporate India is expected to dole out an average hike of only 10.3 % this year according to an annual report.

The Financial Express writes 'Almost 60 years after exiting the aviation Business with nationalisation of Air India, the Tata group is entering the sector once again, investing in a three-way joint venture - with Malaysia's Air Asia and along with Arun Bhatia of Telestra.

Times of India reports that the CAG has alleged serious irregularities and undue financial benefits to private players in the Delhi airport metro link, the country's first such project in the PPP mode.

"To win hearts, government pushes for J&K cricketer in Indian side", headlines Hindustan Times, with 24 year old all-rounder Parvez Rasool ( who shone this Ranji Trophy season) to be fast-tracked into the national side.

 Times of India informs us that man-made chemicals on every-day items like credit-cards, food cans made of tin, sunglasses, toys and PVC flooring are the main culprits behind the rise in endocrine related diseases and disorders globally.

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