Editorji is a popular short video news and information platform based in India. It was founded in 2018 by Vikram Chandra, one of India’s leading journalists, and has risen to prominence in the digital news space in a relatively short span of time. The platform is primarily designed for mobile devices, with applications available for Android and iOS.

ABOUT US:

about us editorji

Latest Video News: Editorji provides the latest news video headlines, latest videos clip from India and the World. Get all breaking news videos on Entertainment, Business, Coronavirus, Elections, Politics and more.

Latest Video News, Breaking News, Bollywood, Political, Sports, Business News | Editorji

+91 11 4035 6666 / info@editorji.com
3rd floor, Plot B, Khasara no 360, Sultanpur, New Delhi, Delhi 110030
<a title="mail to us" href="mailto:info@editorji.com">Send Feedback</a>
<a title="Contact Us" href="mailto:info@editorji.com">Contact Us</a>

REACH US

Contact for any questions, suggestions, comments, feedback or advertisement on Editorji.com, we are always looking forward to hearing from you.

Contact Us for Feedback, Suggestions and Advertising 

Editorji content is better experienced in our app.

Odisha announces Rs 10 increase in daily wages for workers from April 1. This affects unskilled, semi-skilled, skilled, and highly-skilled laborers, benefiting thousands.

Odisha Increases Minimum Daily Wages by Rs 10

Odisha's government has implemented a Rs 10 increase in daily wages for various worker categories from April 1. Approved by CM Majhi, this move benefits numerous workers, ensuring fairer compensation across the state.

Odisha announces Rs 10 increase in daily wages for workers

Odisha increases daily wages for workers by Rs 10, effective April 1. New rates benefit unskilled, semi-skilled, skilled, and highly-skilled workers. Chief Minister Majhi approved the proposal to enhance livelihoods and support economic growth.

The Odisha government has raised the minimum daily wages of workers by Rs 10, effective from April 1, an official said.
Chief Minister Mohan Charan Majhi approved a proposal for the daily wage hike on Tuesday, he said, adding that the decision will benefit lakhs of workers.
The minimum daily wage for unskilled workers has been increased from Rs 452 to Rs 462, and from Rs 502 to Rs 512 for semi-skilled workers. Skilled workers will get Rs 562, instead of Rs 552, and the minimum wage for highly-skilled labourers will be Rs 612 from Rs 602 earlier.
The revision will be effective retrospectively from April 1, a CMO release said.

The surge in income inequality within companies isn't confined to the IT sector – it’s a problem that’s becoming widespread

The Great Pay Divide: Why CEO Salaries Are Skyrocketing While Worker Wages Stagnate

The surge in income inequality within companies isn't confined to the IT sector &ndash; it&rsquo;s a problem that&rsquo;s becoming widespread

Ever wonder what it&rsquo;s like to have a pay-cheque so big it could fund a small country? Well, CEOs know all about it!
In a world where worker wages are barely budging, CEO pay-cheques are skyrocketing to almost unreal levels. So, what&rsquo;s driving this massive pay gap, and why are those at the top seeing such huge gains while the rest of the workforce struggles to get by?
<h3>Let&rsquo;s dive into the world of corporate pay-cheques to find out.</h3>
Recent research by Oxfam France shows that chief executives of France's top 40 listed companies, or CAC 40, earned an average of 130 times more than their employees in 2022.
And here&rsquo;s the kicker: the gap is only getting bigger. From 2019 to 2022, worker salaries in these companies rose by 9%, while CEO pay jumped by a whopping 27%.
<h3>How does that even happen?</h3>
Coming to India, the story is just as stark. For example, let&rsquo;s look at India&rsquo;s IT sector.
Cognizant, a leading IT company, recently faced public outrage over its starting salary offer of 2.5 lakh rupees per annum for fresh graduates &ndash; a figure that&rsquo;s barely changed since 2002! .
Meanwhile, Cognizant&rsquo;s CEO, Ravi Kumar Singisetti, took home an eye-popping 22.56 million dollars last year. That&rsquo;s about 186 crore rupees and 556 times the median salary at Cognizant!
Must Watch: <a href="https://www.editorji.com/business-news/what-s-behind-india-s-stock-market-correction-jefferies-view-explained-1731065626839">What's Behind India's Stock Market Correction? Jefferies' View Explained</a>
Other companies aren&rsquo;t far behind. Former Wipro CEO Thierry Delaporte&rsquo;s compensation last year was 1,702 times the median salary of 9.8 lakh rupees in the 2023-24 fiscal year.
Over at Accenture, CEO Julie Sweet&rsquo;s pay was 633 times the median employee salary for the 2023 fiscal year. Infosys CEO Salil Parekh's compensation is nearly 700 times the median employee salary and significantly more when compared to the lowest-level employee, according to *The Economic Times*, a sharp increase since 2019.
Much of this growth in CEO pay comes from stock awards &ndash; according to *The Economic Times*, in 2023, about 70% of CEO compensation came from these awards, which have been climbing steadily.
Now contrast this with what&rsquo;s happening at entry-level jobs in the IT sector. With slower growth in Western markets, companies like TCS, Infosys, and Wipro have reduced headcount by nearly 64,000 people in the past year.
In fact, only 60,000 net jobs were added across the industry in the last financial year, a sharp drop from the 290,000 added in 2022-23. Sangeeta Gupta, Chief Strategy Officer at Nasscom, shared insights with AFP, stating, "If your revenue is growing only two to three percent, you don&rsquo;t have the space to add headcount."
Also Watch:<a href="https://www.editorji.com/business-news/federal-reserve-chief-powell-refuses-to-bend-to-political-pressure-1731045382065"> Federal Reserve Chief Powell Refuses To Bend To Political Pressure</a>
The slowdown is even hitting India's elite engineering colleges. Rajib Maity, career development head at IIT Kharagpur, confirmed to AFP that &ldquo;placements are less this year.&rdquo; One IIT student shared that job offers aren&rsquo;t being handed out as before, forcing students to adjust their salary expectations.
So, if these companies are struggling, why is CEO pay still on the rise? That&rsquo;s a question which largely remains unanswered.
The surge in income inequality within companies isn't confined to the IT sector &ndash; it&rsquo;s a problem that&rsquo;s becoming widespread.
Where does this leave us? Will CEO pay-cheques keep soaring as worker wages stagnate? And what does this widening gap mean for future job seekers and employees? The current trends don&rsquo;t paint a hopeful picture.

wages

Categories