Economy
India's wholesale inflation marginally down in January
New Delhi : Thanks to the seasonal softening in the food prices and a sharp drop in fuel costs, India's annual wholesale rate of inflation declined marginally to (-)0.90 percent for January from (-)0.73 percent for the month before, official data showed on Monday.
 
The anual inflation, however, stood higher at (-)0.95 percent during January 2015. 
 
As per the wholesale price index numbers released by the Ministry of Commerce and Industry, though the annual food inflation declined, it was still high at 6.02 percent, against 8.17 percent in the month before, with pulses dearer by 44.91 and vegetables up 12.52 percent. Potato prices were down 17.08 percent.
 
The annual inflation rates of other major categories such as fuels and manufactured products remained in the negative -- at (-)9.21 percent and (-)1.17 percent, respectively.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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IT continues to be highest paying sector
Bengaluru : Leading online job portal Monster.com on Monday said the information technology (IT) sector continues to be the highest paying in India among Banking Financial Services and Insurance (BFSI) and manufacturing sectors.
 
According to 'Monster Salary Index' (MSI), IT employees are being paid the highest at Rs.346.42 per hour, 24 percent higher than the median salary of the entire Indian economy taken together.
 
Next comes BFSI with a median gross salary of Rs.300.23 per hour while manufacturing sector pays the lowest among the three with a median gross salary of Rs.254.04 per hour.
 
Despite IT being the highest paying sector, only 57 percent of the surveyed employees are content with their remuneration. Similarly, only 52 percent BFSI employees are satisfied with their pay cheques.
 
Unlike IT and BFSI employees, as many as 60 percent of manufacturing sector employees are happy with their compensation.
 
"Manufacturing sector despite being paid low has 60 percent employees satisfied. This takes us back to the debate if salary is the most compelling tool for employee satisfaction," said Monster.com managing director Sanjay Modi.
 
Interestingly, wholly foreign owned companies pay even higher salaries.
 
Wholly foreign owned manufacturing companies pay a median gross hourly salary of Rs.319.5, BFSI Rs.451.63 and IT Rs.536.6.
 
According to MSI, strong talent pool is crucial for the Indian government's ambitious Digital India mission and others.
 
Modi added, "It is important for companies to closely analyse the correlation between salaries and employee satisfaction. The role of key talent becomes crucial."
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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70 percent Delhiites say corruption not reduced: Online survey
New Delhi : Seventy percent of the people surveyed by a "citizen engagement platform" believe that corruption has not reduced in Delhi under the Arvind Kejriwal government, but nearly 50 percent said they would vote for the AAP again.
 
As per the the online survey conducted by LocalCircles, 48 percent hold the odd-even plan was a successfully executed experiment, said a survey report on first year of the Aam Aadmi Party government released on Saturday. 
 
It also said that 48 percent say that they will vote for the AAP if elections were held again now. The survey, according to the platform, was conducted by inviting responses from verified residents.
 
"Seventy percent believe corruption has not reduced in Delhi in the last one year," said the survey conducted by the platform which also citizens at local, city and national level.
 
When asked, LocalCircles chief strategy officer K. Yatish Rajawat told IANS that his organisation was not associated with any political party. "Politcal parties may come on the platform to start their own circles, like you would do on, say Facebook," Rajawat said. He said around 14,000 persons took part in the online survey.
 
"We are not associated with any political party. We are an independent platform and this survey was done in the Delhi circle called Make Delhi Better with Kejriwal which is not associated with AAP. But made by citizens of Delhi," Rajawat said in an email communication. 
 
In its press statement, the organisation said that the survey showed 32 percent citizens find that the current legislators are more engaged with people than former lawmakers, but only 16 percent believe that the current government has kept pace with the infrastructure development work done by the previous government and also believed that starting of a new business and registration of licences in city has gotten easier.
 
"Only 17 percent citizens believe that the life of financially poor has gotten better," says the survey.
 
It said 39 percent of the survey respondents believe that the AAP government has been able to improve water supply, and 37 percent say it has been able to reduce power bills.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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