AON SALARY INCREASE STUDY
8th Pay Commission: High fitment factor vs high increment rate; how salaries of Level 5-7 employees may change over 10 years
8th Pay Commission calculator: The growth of central government employees' salaries heavily relies on fitment factors and annual increment rates. Various organizations have proposed differing fitment factors and increment rates for the 8th Pay Commission. Salary estimates reveal the potential financial impacts for Level 5-7 employees based on varying conditions. A high increment rate could potentially close the salary gap over time compared to a high fitment factor.
Farmer's son from small Tamil Nadu village builds Rs 1.5-crore software business after quitting nine-year Chennai IT career & starting with just two laptops
Eswaran Arumugam launched his Tamil Nadu-based software venture, Yaa Creations, with just Rs 1 lakh borrowed from his brother and two laptops. The business faced several hurdles, including financial strain, disruptions caused by the Covid-19 pandemic and accumulated debt of Rs 5 lakh. However, he gradually turned things around and expanded operations. Today, the company, headquartered in Rasipuram in Namakkal district, employs 26 people, serves clients in seven countries and completed projects worth Rs 1.5 crore in 2025.
Indians buy 30% more gold after recent price correction
Indians showed a significant increase in gold and silver purchases during Dhanteras-Diwali this year. Gold buying rose by 30% while silver demand increased by 10% compared to last year. Consumers bought 52 tonnes of gold valued at ₹72,000 crore and 300 tonnes of silver worth ₹5,400 crore. The rise in purchases was fueled by lower prices and upcoming wedding season. Jewellers expressed optimism about continued consumer interest in precious metals.
Kiley Pulley Walmart career: How a college dropout went from cashier to store manager, bought a house and earns six figures like CEO John Furner
Kiley Pulley, the youngest Walmart store manager in the US, draws parallels with that of Walmart CEO John Furner, who started his career at the retailer as a part-time hourly associate in the garden centre in 1993. Kiley Pulley, who i just 23, has brought her own house and earns a six-figure salary. Both Pulley and Furner began their Walmart journeys in entry-level positions.
Acceleration in clean technology needed to ensure decline in world's emissions: Study
Adopting clean energy solutions such as solar, wind, and electric vehicles can play a pivotal role in lowering carbon emissions. The Global Carbon Project highlights a concerning forecast of rising emissions in India that may exceed earlier predictions. While many nations are successfully decreasing fossil fuel emissions, a rapid shift to cleaner energy sources is critical, as our carbon budget is narrowing, demanding immediate action to meet 2028 emission goals.
Karnataka plans feasibility studies for 1,500 MW floating solar capacity
Karnataka is currently exploring the establishment of floating solar power projects aimed at generating 1,500 MW capacity. The initiative includes conducting feasibility studies and surveys for suitable reservoirs and water bodies. KPCL will evaluate technical aspects and environmental impacts as part of project preparation. This project reflects the state's commitment to innovative renewable energy solutions while optimizing land and water resources.
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Mumbai domestic cook goes on foreign holiday while many office-goers struggle to save. Ex-banker shares a financial lesson for salaried Indians
An ISB MBA graduate shared how his Mumbai cook earns Rs 1.05 lakh monthly, while his household income reaches Rs 1.5 lakh. Despite earning less than some corporate professionals, the 34-year-old saves through disciplined spending, multiple employers and minimal lifestyle expenses. He is now preparing for his first international holiday to Thailand with friends.
Suvendu Sarkar rolls out Diwali bonanza for Bengal babus, hikes IAS allowances by 50%
The Suvendu Adhikari-led West Bengal government has announced a range of benefits for its IAS officers, including a 50% hike in monthly sumptuary allowances for senior officials, education loans of up to Rs 50 lakh for children's studies in India and abroad, and expanded foreign travel benefits under LTC. The package also includes housing, electricity and post-retirement benefits, along with allowances for official work-related expenses.
Economic advancement can’t be judged through a single income figure, other conditions apply
India’s creamy layer debate has renewed focus on whether income alone can measure socioeconomic advancement. The Supreme Court’s March 11 judgment, upheld last Friday, said parental salary cannot be the sole criterion for determining creamy layer status among OBCs; occupational and service status must also be considered.
What is Vitamin K deficiency bleeding, and why does it occur in newborns? Here's what the new study found
A 347% increase has been witnessed in the number of newborns suffering from the Vitamin K Deficiency Bleeding (VKDB) in the US between 2017 and 2025, a new study has found. The reason for this rise seems to be that fewer newborns are receiving vitamin K injections, said researchers. Vitamin K deficiency leads to bleeding within the body and cause serious complications for a newborn.
India's unemployment rate falls to 5.1% in July-September as rural joblessness declines
India's unemployment rate saw a decline to 5.1% from 5.4% in the prior quarter. The decrease in unemployment primarily occurred in rural areas, where it fell to 4.3%. The survey indicated that more individuals were either working or seeking jobs during this period. Women's employment participation also improved, rising to 34.7% from 33.2%. The overall employment figure reached approximately 57.9 crore individuals in India.
EPFO’s November 19 meeting to be held in New Delhi: Can EPFO increase minimum EPS pension from Rs 1,000?
The Employees' Provident Fund Organisation is gearing up for its 240th Central Board of Trustees assembly, scheduled for November 19, 2026, in New Delhi. However, official confirmation from the government about these proposed changes is still pending, even as calls for enhanced pension benefits persist.
Jessie Bates put $150,000 into SpaceX before it went public; the stake could now be worth 10 times that, and he’s cashing out
Jessie Bates III invested $150,000 in SpaceX during its Series J funding round in 2022. The investment grew significantly after SpaceX's IPO, which valued the company at $1.77 trillion. Bates expressed that he wished he had invested more after witnessing the company's growth trajectory. His financial strategy includes various technological investments and aims for long-term wealth creation. Bates also promotes financial literacy and community support through his foundation and initiatives.
Microsoft reports $36 billion quaterly profit, employees complain salary raises below 1%, describe workplace as 'joyless and demoralizing' after 60,000 people receive buyout offers
Microsoft reported a 32% jump in quarterly profit to $36.6 billion but its employees complain of salary increases below 1%, rising workloads and pressure to use AI tools. An open letter describes the workplace as “joyless and demoralizing” following voluntary buyout offers to around 60,000 employees across four countries.
China is the world's factory but still can't give jobs to youth: Sridhar Vembu says India has a problem that is about to get worse
China's position as the world's manufacturing powerhouse has not prevented a growing employment challenge among its educated youth. Despite its massive industrial base, advanced technology capabilities and a merchandise trade surplus of nearly $1.2 trillion, around 70% of unemployed people in the 20-24 age group reportedly hold university degrees. Zoho founder Sridhar Vembu has highlighted this contradiction, warning that India could face a similar problem.
Indian sector of Southern Ocean sees rising oxygen levels, contrary to global trend: Study
Research reveals that oxygen levels in the Indian sector of the Southern Ocean increased significantly from 1993 to 2025. This rise is attributed to enhanced ocean ventilation processes affecting the deeper water layers. Results indicate that the Antarctic Zone experienced notable increases in dissolved oxygen concentration. Observations show a retreat of winter water layers, indicating changes in ocean structure.
Ground floor residents breathe cleaner air: Upper floors in high-rise apartments record 40% more pollution and toxic air, study finds
Residents on the ground floors of high-rise buildings may be breathing cleaner air than those living several floors above them, with upper levels recording up to 40% higher particulate pollution, a Mumbai study has found. Researchers monitoring residential towers in Wadala linked the pattern to industrial emissions and swirling wind currents around tall buildings.
DA hike: Diwali bonanza for UP govt employees, 63% raise announced; revised rates effective from July 1
The revised allowance will be reflected in the November salary, while the arrears for the preceding four months will be deposited separately into their provident fund accounts. The announcement comes ahead of Diwali, with the revised allowance set to benefit a large section of the state's workforce.
Rs 8.02 lakh leave encashment tax exemption denied: Retired employee wins case in ITAT Surat
Retiree Mr. Patel from Bharuch, Gujarat, sought a complete tax exemption on Rs 8.02 lakh of leave encashment. Initially, his company certified only Rs 3 lakh as exempt. The Income Tax Department later imposed tax on an additional Rs 5.02 lakh. To challenge this ruling, Patel approached the Income Tax Appellate Tribunal in Surat, which sided with him, citing the Department's failure to provide justifiable reasons.
Ramayana actor Ravie Dubey once struggled to afford food. How he went from earning Rs 10,000 per month to building a Rs 80 crore fortune
Ramayana actor Ravie Dubey's journey took a tumultuous turn when he relocated to Mumbai to pursue engineering after 2001. Battling academic setbacks and the weight of societal expectations led him into a dark phase of mental health struggles. However, a serendipitous audition while studying shifted his trajectory, leading to his first paycheck in 2005. His breakout role came with the series Saas Bina Sasural in 2010, followed by Jamai Raja in 2014.
Uttarakhand announces 3% DA hike for employees ahead of Diwali
Uttarakhand Chief Minister Pushakar Singh Dhami has approved a 3% increase in Dearness Allowance for state employees. This decision raises the DA rate from 60% to 63%. The increase follows a similar decision by the union government, effective since July 1. The benefits of this increase will extend to various personnel in local bodies and educational institutions.
AI to reshape India's office space demand, workforce seen at 48 million by 2030: Report
AI is expected to change the nature of India's office space demand rather than reduce it, with the country's office-using workforce projected to grow from around 38 million in 2025 to 48 million by 2030, according to a study by Cushman & Wakefield.
Diwali bonus dilemma: Should a nanny earning Rs 40,000 per month from Pune family get the same festive monthly bonus as a maid?
A Pune family’s question about how much Diwali bonus to pay its domestic workers has led to a debate on Reddit. The family pays its nanny Rs 40,000 per month, compared with Rs 7,000 for its cook and Rs 4,000 for its maid, and is unsure whether the nanny should receive an entire month's salary as a festive bonus. While some Reddit users suggested paying 10-50% of her monthly salary, others argued that one month's salary is the customary Diwali bonus.
UK Home Secretary Shabana Mahmood scraps 15-year settlement wait for migrant care workers earning £25,000
The UK government has revised its immigration settlement rules, particularly for foreign care workers. Eligible care workers can now qualify for permanent residency after five years instead of 15. In addition, changes will extend the standard settlement period for most migrants from five to ten years. Stricter eligibility conditions are also being introduced for all applicants and refugees.
Indians turn to side hustles, freelancing as non-salary income rises: ClearTax
Indians are increasingly earning from non-salary sources like trading and freelancing as reported by ClearTax. The percentage of self-filers reporting such income grew significantly from previous years. Data shows that young individuals are entering investment opportunities earlier than ever before. Additionally, women's participation in capital gains and higher income brackets has increased noticeably. This reflects a significant change in financial habits and diversification of income sources among taxpayers.
Zen Technologies shares rally 9% after Q2 profit rises 51% YoY, revenue nearly doubles
Zen Technologies shares jumped 8.67% after the defence technology company reported a 51% YoY rise in Q2 net profit to Rs 90 crore, while revenue surged 98% to Rs 345 crore. The company recorded an order inflow of Rs 481.81 crore during the quarter, taking its consolidated order book to Rs 1,375.70 crore as of September 30, 2026.
UK Budget 2026: Skilled Worker salary thresholds, Graduate visa and HPI route changes signal new immigration direction
In its 2026 Budget, the UK Government has unveiled pivotal changes to immigration policies with a focus on driving economic growth and increasing productivity. Key updates include an adjustment to salary thresholds for the Skilled Worker visa and an expansion of the High Potential Individual visa pathway. Additionally, the two-year Graduate visa for international students will continue, emphasizing the importance of skilled migration in the country’s economic strategy.
UK work visa applications fall 43%, and student visa applications drop 19% in latest figures
Applications for Skilled Worker and Health and Care Worker visas have declined sharply in the UK. The decline in student visa applications reflects stricter immigration rules and higher salary thresholds. Seasonal Worker route applications, however, saw a slight increase, contrary to other routes. Indian applicants must verify eligibility for dependants and current regulations before applying. Recent data highlight the broader impact of tightened immigration policies on overseas migrants.
Akasa Air hikes pilots' salaries by up to 15% to retain them
The revised pay structure will take effect January 1, 2027, with fixed monthly salaries increasing across all eight pilot grades, from first officers to designated examiners.
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