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Average
pay rise to be higher in 2006; India on top of list
A
survey by Mercer Human Resource Consulting says global
salary increases in 2006 are expected to be higher than
they were in 2005.
In
2006 the average pay rise worldwide is expected to be
2.4 percentage points above inflation, against the 1.9
percentage points recorded this year, the company says
in its annual Global Compensation Planning Report that
examines pay trends in 70 countries.
The
highest average pay hike next year is likely to be in
India, where employees are expected to receive a pay rise
of 11.3 per cent, with inflation pegged at 4 per cent.
Egypt
and Lithuania come next, with pay rises of 7.1 per cent
and 5.5 per cent above inflation respectively.
The
average pay in 69 per cent of the countries covered in
the survey, including the US and the UK, is predicted
to increase by between 1 percentage point and 3.5 percentage
points above inflation, the report adds.
Employees
in the UK can expect a pay rise of 3.5 per cent, with
inflation pegged at 2 per cent, while in the US the average
pay hike next year is likely to be 3.6 per cent, with
inflation at 2.6 per cent.
The
average pay increase in China is predicted to be 7.8 per
cent, with inflation at 3 per cent, the report says.
Similarly,
in Singapore and Hong Kong, the average pay increases
are expected to be 3.8 per cent and 3.2 per cent, with
inflation at 1.5 per cent and 1.1 per cent respectively.
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Domestic
air fares to rise by 10 per cent
New
Delhi: Domestic airlines are set to hike by 10 per
cent in the next few days on rising jet fuel prices, which
have risen by about Rs 1,600 to an all-time high of Rs
38,860 per kilo litre.
The fare increase may come in the form of either a fuel
surcharge or an increase in the basic fare.
Last
month also jet fuel prices went up by about 10 per cent.
Jet fuel expenses account for over 30 per cent of the
operational cost of an Indian carrier, much higher than
the global average of about 15 per cent.
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Public
expenditure on healthcare down
Pune:
A recent study has pointed out that the public expenditure
on healthcare in the country has come down in recent years
due to structural adjustment policies.
According
to the study 'Cost of Health Care in the Public Hospitals
in Maharashtra' conducted by Gokhale Institute of Politics
and Economics this could result in an increase in imbalances
and inequities between, poor and rich in health outcomes.
When
public hospitals are weak and accountability for the use
of public resources is low, the public expenditure on
health may not lead to the desired health outcomes for
the community. Sometimes the resources provided to the
public hospitals are under-utilised in India, the study
said.
The
study lays the blame on poor resources, weak administration,
staff shortage, inadequate supply of medicines and equipment,
absenteeism among staff and improper location, in government
hospitals for the under utilisation of resources.
The
study carried out under the World Bank supported Maharashtra
health systems development project, was based on capital
and recurrent costs of seven district hospitals, seven
rural hospitals, one cottage hospital and one women's
hospital d uring the financial year 1999-2000.
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CII
rejects reservation in pvt sector
Nagpur:
Y C Deveshwar, president of Confederation of Indian
Industry (CII) and chairman of ITC Ltd, said CII is opposed
to the concept of reservations in the private sector.
He said the problem of creating employment needs to be
addressed, but reservations in the private sector cannot
be the solution. Affirmative action needs to be taken,"
he informed newsmen.
Deveshwar said CII is talking to the government on the
issue. He said, "We are urging businesses to do more,
and propagating the idea of creating employability and
employment," Deveshwar said.
Deveshwar was here to attend the Maharashtra state council
meeting of CII.
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