The number of times the median pay of ITC employees the company’s chairman YC Deveshwar earns in a year, probably among the highest in Indian companies. And, in the case of India’s richest person, Mukesh Ambani (chairman of Reliance Industries), this ratio is 205:1. These disclosures follow the new Companies Law and the Corporate Governance Code, which mandate listed companies to disclose the pay structure of top management personnel and average employee. Salary multiples of Indian CEOs are similar to those of CEOs in the US: in 2013, CEO of healthcare company CVS Caremark and Goodyear Tires earned 422 and 323 times the median employee pay respectively.
The death of India Today TV journalist, Akshay Singh while working on the Madhya Pradesh recruitment scam has brought to focus the safety of journalists in the country. The world’s largest democracy is also the eighth deadliest country for journalists. Since 1992, 35 journalists have been killed in India while on assignment, which is more than Mexico and Afghanistan. If a motive is established in Akshay Singh’s case, he would be the 36th such fatality.
The loss the Department of Posts incurs on each postcard. Put another way, what the department earns from a postcard, it incurs a cost of 15 times that. For an inland letter, that multiple is 2.8 times. For speed post, it is 1.4. Only three out of 18 postal services offered by the state-run entity make a profit: letter, book post (other periodicals) and competition postcard.
Over 65,000 people in around 125 villages have been affected as the flood situation worsens in Assam. Nearly 99% of them are from two districts: Bongaigaon and Dhemaji. Less than 4,000 hectares of crop areas were under water. So far this year, five people in Assam, at least 70 people in Gujarat and over 40 people in Jammu and Kashmir (cause of deaths also includes landslides) have been killed due to incessant rains.
Of the 15.3 crore cooking gas consumers, just 7.57 lakh or 0.5% of the total have voluntarily surrendered their LPG subsidy. The government claims that it is able to save Rs 253 crore per annum. The oil marketing companies lost Rs 36,500 crore in 2014-15 on the sale of subsidised cooking gas cylinders. Each consumer is entitled to receive 12 cylinders a year at subsidised rates.
Every two of three rural households own a mobile phone but only one out of ten have a salaried job. Uttar Pradesh has the highest percentage of rural households owning only a mobile phone. Chhattisgarh’s villages are the least connected with 71% of the rural households with no phone, most likely linked to the Naxal violence in the state.