Topic
pay hike
8th Pay Commission Likely to Keep Fitment Factor Near 2.57 as Fiscal Concerns Mount
The Eighth Central Pay Commission is expected to maintain a cautious approach on the fitment factor, likely keeping it close to the 2.57 multiplier set by the Seventh Pay Commission, despite employee union demands for a 3.83 factor. Fiscal implications for the Centre and states are a primary concern as consultations continue.
Tata Sons chairman N Chandrasekaran declines pay hike amid group concerns over capital allocation
Tata Sons chairman N. Chandrasekaran will not seek a pay hike for FY26, a decision made amid group concerns about capital allocation and profitability of new ventures. The move was conveyed during the Nomination and Remuneration Committee meeting alongside the Tata Sons board meeting. Chandrasekaran's FY25 remuneration was ₹155.8 crore, heavily performance-linked. Tata Sons' FY25 revenue rose 24% to ₹5.92 lakh crore but net profit fell 17% to ₹28,898 crore.