Pay Hikes in India To Fall to Decadal Low in 2020: Report
A new survey report on Tuesday said that India will see the lowest salary increase in a decade this year and even the real estate and transport sector—the top national job generators—will witness lowest pay hikes in 2020.
 
The sharpest drop in pay hikes was projected in the auto sector, reflecting its stress; e-commerce sector was seen giving a double-digit pay hike—among the highest across 20 sectors -- surveyed by on Plc, a human resource consultancy firm .
 
"The Vehicle Manufacturing industry reported the biggest drop, from 10.1 per cent in 2018 to 8.3 per cent for 2020," the survey showed.
 
As per the results of the survey, companies in India gave an average pay increase of 9.3 per cent during 2019, reflecting a slowdown in the economy compared to 2018. 
 
"The projection for 2020 is down by 20 basis points to 9.1 per cent. However, despite the dip in the projections, two out of five participating companies in the survey are projecting a double-digit increase, expecting a positive economic outlook," the report added.
 
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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    Coronavirus: 231 Indian, 7 Maldivians sent home from ITBP camp
    A total of 238 people, including seven Maldivians, housed at a quarantine facility here in Chhawla ITBP camp have been sent home after they tested negative in the final check -- with no coronavirus infection symptoms, officials said on Tuesday.
     
    They are among 406 inmates, including seven children, who were shifted to the west Delhi quarantine facility of Indo-Tibetan Border Police (ITBP) after the group was brought back from China's Wuhan -- the epicentre of the deadly virus -- on February 1 and 2.
     
    "Out of 406 inmates, 238 were sent to their home on Monday after their final report found negative. Their disbersal began on Monday afternoon. Most of the 238 inmates left from Chhawla camp to their destinations by Monday night," ITBP Spokesperson Vivek Pandey told IANS.
     
    Of the 238, seven are from Maldives and they left for their country in a flight around 4.30 a.m. on Tuesday.
     
    As per the ITBP spokesperson, the disbersal process of other inmates will continue through Tuesday.
     
    The disbersal process of the 406 inmates began following the Indian Council of Medical Research's (ICMR)-- the apex body in India for the formulation, coordination and promotion of biomedical research -- final report submitted on Sunday to the ITBP confirmed negative findings mentioned negative coronavirus symptom.
     
    The inmates, including an infant were kept under observation of an expert team of doctors and medical professionals. 
     
    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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    China nCov death toll reaches 1,113
    Chinese health authorities Wednesday said it received reports of 2,015 new confirmed cases of novel coronavirus infection and 97 deaths from 31 provincial-level regions and the Xinjiang Production and Construction Corps.
     
    With this, the overall confirmed cases on the Chinese mainland has reached 44,653 by the end of Tuesday, and 1,113 people died of the disease.
     
    Among the 97 deaths reported on Tuesday, 94 were in Hubei Province and one in Henan, Hunan and Chongqing respectively, according to China's National Health Commission, reported Xinhua news agency.
     
    Another 3,342 new suspected cases were reported Tuesday, said the commission. Also on Tuesday, 871 patients became seriously ill, while 744 people were discharged from hospital after recovery.
     
    The commission added that 8,204 patients remained in severe condition, and 16,067 people were suspected of being infected with the virus.
     
    A total of 4,740 people had been discharged from hospital after recovery.
     
    The commission said 451,462 close contacts had been traced, adding that among them, 30,068 were discharged from medical observation Tuesday, with 185,037 others still under medical observation.
     
    By the end of Tuesday, 49 confirmed cases including one death had been reported in the Hong Kong Special Administrative Region (SAR), 10 confirmed cases in the Macao SAR, and 18 in Taiwan.
     
    One patient in Macao and one in Taiwan have been discharged from hospital after recovery. 
     
    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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