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In 2004, A. F. Ferguson & Co., which has been in India for 110 years, joined Deloitte, following CC Chokshi & Company, Fraser & Ross, PC Hansotia & Company and SB Billimoria & Company. [79] In India, Deloitte has two entities: Deloitte India and Deloitte US-India (USI), which is a region within the Deloitte US organization.
A pay scale (also known as a salary structure) is a system that determines how much an employee is to be paid as a wage or salary, based on one or more factors such as the employee's level, rank or status within the employer's organization, the length of time that the employee has been employed, and the difficulty of the specific work performed.
Pay Commission is India's central government organisation set up by Government of India, which gives its recommendations regarding changes in salary structure of its employees. It was set up in 1947 and since India's Independence, seven pay commissions have been set up on a regular basis to review and make recommendations on the work and pay ...
In 2016, the idea of a Universal Basic Income in India made huge news by taking up over forty pages in the 2016–2017 India Economic Survey [3] as a serious and feasible solution to India's poverty and a hope for the economy as a whole. In India, this was an idea that has been discussed for decades in both the public and private spheres.
In India, salaries are generally paid on the last working day of the month (Government, Public sector departments, Multi-national organisations as well as majority of other private sector companies). According to the Payment of Wages Act, if a company has less than 1,000 Employees, salary is paid by the 7th of every month.
Disclosure of salaries is the first step, so that company stakeholders can know and decide whether or not they think remuneration is fair. In the UK, the Directors' Remuneration Report Regulations 2002 [ 54 ] introduced a requirement into the old Companies Act 1985 , the requirement to release all details of pay in the annual accounts.
United Service Institution of India (USI) is a national security and defence services think tank based in New Delhi, India. It describes its aim as the "furtherance of interest and knowledge in the art, science and literature of the defence services". USI operates centres for research in various areas of national security.
In economics, the wage ratio refers to the ratio of the top salaries in a group (company, city, country, etc.) to the bottom salaries. It is a measure of wage dispersion. There has been a resurgence in the importance of the wage ratio as well as the CEO Pay Ratio. The amount of money paid out to executives has steadily been on the rise.