Transfin.

Salary Increases in 2020 may be the Lowest in a Decade at 9.1%

The average salary increase in 2020 is projected to be 9.1%, which is the lowest in a decade.

 

INDIA INC

Salary increases in 2020 may be the lowest in a decade at 9.1%.

It’s the Economy, Stupid

The economic slowdown is coming for your paychecks, according to Aon Plc’s annual salary increase survey.

 

The average salary increase in 2020 is projected to be 9.1%, which is the lowest in a decade. In 2018 and 2019, this number was 9.5% and 9.3% respectively. In 2008, during the Great Recession, the hike had slowed down to 6.6%. However, 39% of companies still reportedly plan to offer increases of 10% or more. [BS]

 

Bharti Airtel could be asked to clear Videocon’s AGR dues too.

Mo’ Money, Mo’ Problems

Bharti Airtel was in a tough place before, and now its troubles may increase. According to a report by The Economic Times, the Department of Telecommunications (DoT) may ask the telco to clear a significant portion of Videocon Telecommunications’s adjusted gross revenue (AGR) dues as well.

 

Airtel had bought 25 MHz of spectrum in the 1800 MHz band from Videocon in March 2016.

 

The DoT has pegged Airtel’s AGR dues at around ?35,586cr ($4.9bn) and Videocon’s liabilities at ?2,041cr ($285m). Airtel, on February 17th, had paid ?10,000cr to the DoT ($1.39bn). [Moneycontrol]

FIN.

Hand-curated Business News from Top Publishers & Platforms, Richly Crafted to Fit into One Wholesome Email. Subscribe Now to receive a nuanced 360 Degree account of key events from the World of Business and Finance every day.