THE Central government employees of Japan face the largest-ever bonus cuts this year, according to news agency Bloomberg quoting a report published by Yomiuri newspaper. The National Personnel Authority plans to recommend to the country’s Parliament that bonuses be cut by about 8.9 percent, according to the Yomiuri.
This is done in tandem with the wage cut and trimming of bonuses of the employees working in private organizations.
This means Indian civil servants are a lucky lot as their salary and allowances (DA) have risen continuously during this era of financial turbulence, thanks to the implementation of the 6th pay commission recommendations and the government’s conscious attempt to woo the Central government employees by generously enhancing the dearness allowances before the general elections.
In fact, the Labor Ministry of Japan has recently reported that wages for the average Japanese worker fell at the fastest pace during the month of June as companies cut bonuses to protect ever-declining profits. According to reports, monthly pay including overtime and bonuses dropped 7.1% from a year earlier to 430,620 yen ($4,500). Bonuses fell by whopping 14.5%.
Full-time workers in Japan get about 25% of their annual salary in two lump payments, one in summer and the other in winter.
Union steel minister Virbhadra Singh booked in a corruption case registered by a retired IAS
Union steel minister and former Himachal Pradesh chief minister Virbhadra Singh and his wife have been booked in a corruption case by the state vigilance bureau after it was alleged that an audio CD released two years ago contained the voice of Singh and his wife talking to a retired bureaucrat Mohinder Lal about alleged corruption. Mr Lal has since died.
The case was registered on a complaint by a retired IAS officer S M Katwal. Mr Singh has termed the FIR a cheap gimmick which shall collapse under its own weight.
UPSC prelims results out, Mains from October 23
Union Service Public Commission (UPSC) has announced the result of the civil services (preliminary) examination, 2009 held on May 17, 2009. The successful candidates have qualified for admission to the civil services (main) examination, scheduled to be held from October 23, 2009. For any clarification, one can make a phone call at 011-23385271, 011-23381125 and 011-23098543. The result is available on the UPSC website www.upsc.gov.in
Wednesday, August 05, 2009
Japanese bureaucrats face highest ever bonus cuts; Indian babus are still lucky
THE Central government employees of Japan face the largest-ever bonus cuts this year, according to news agency Bloomberg quoting a report published by Yomiuri newspaper. The National Personnel Authority plans to recommend to the country’s Parliament that bonuses be cut by about 8.9 percent, according to the Yomiuri.
This is done in tandem with the wage cut and trimming of bonuses of the employees working in private organizations.
This means Indian civil servants are a lucky lot as their salary and allowances (DA) have risen continuously during this era of financial turbulence, thanks to the implementation of the 6th pay commission recommendations and the government’s conscious attempt to woo the Central government employees by generously enhancing the dearness allowances before the general elections.
In fact, the Labor Ministry of Japan has recently reported that wages for the average Japanese worker fell at the fastest pace during the month of June as companies cut bonuses to protect ever-declining profits. According to reports, monthly pay including overtime and bonuses dropped 7.1% from a year earlier to 430,620 yen ($4,500). Bonuses fell by whopping 14.5%.
Full-time workers in Japan get about 25% of their annual salary in two lump payments, one in summer and the other in winter.
Union steel minister Virbhadra Singh booked in a corruption case registered by a retired IAS
Union steel minister and former Himachal Pradesh chief minister Virbhadra Singh and his wife have been booked in a corruption case by the state vigilance bureau after it was alleged that an audio CD released two years ago contained the voice of Singh and his wife talking to a retired bureaucrat Mohinder Lal about alleged corruption. Mr Lal has since died.
The case was registered on a complaint by a retired IAS officer S M Katwal. Mr Singh has termed the FIR a cheap gimmick which shall collapse under its own weight.
UPSC prelims results out, Mains from October 23
Union Service Public Commission (UPSC) has announced the result of the civil services (preliminary) examination, 2009 held on May 17, 2009. The successful candidates have qualified for admission to the civil services (main) examination, scheduled to be held from October 23, 2009. For any clarification, one can make a phone call at 011-23385271, 011-23381125 and 011-23098543. The result is available on the UPSC website www.upsc.gov.in
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Babu blogger is right. When global slowdown is leaving an adverse impact on all sectors of the economy Indian babus are basking under the warmth of pay hike thanks to the implementation of the 6th pay commission. Their salaries were increased many fold and I suppose Indian babus rank among the highest paid bureaucrates in the world...
ReplyDeleteKarmakar