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