35% direct tax, GST on all item, GST on insurances/school fees.. almost 50-60% salary is going to taxes from salary.. the real problem is the heavy taxation on middle class.
The current generation .. is that gen Z or Alpha ... called out this hypocrisy of corporate bandits and are revolting against slavery. It is time that older generation supports the younger generation in their revolt ...
The starting salary in my company is same as it was 10 years ago so basically for them inflation dosent exist. Note that in the 10 years my company has going from one manufacturing plant to 21 plant😅
Companies never increase salary as per standards. In India Labour laws are name sake. And again our government increases taxes for the working class. And for corporates they will decrease taxes. One rich becomes more rich.
Demand and supply works , so why crib why not Government reduce taxes instead of blaming private companies of not giving good salary to its employees, atleast private companies are there so many of us have employment, otherwise Government is not increasing jobs, ok no issue we should not have too many Government jobs as they are inefficient, but Government should create an environment where as many as possible can invest and open factory or offices theby increasing jobs.
Indian corporate strategy is clear: 1. Start ups: Get VC funding- go public- give exit to early investors at the cost of retail investors 2. Large corporates: High salaries to top executives and pea nuts to other employees. Government will provide lip service but not act. Employees are stuck in unemployability one of the major factor being poor education system.
Nexus has become between Corporates and politicians. Corporates donate to politicians and they in return work for their favour. So do u think the government will give damn to salaried people?
Exactly and go to US where every citizen is in debt of millions of dollars , or Germany or China which is collapsing economically, or Kaneda if u r sikh and will get good drug money if u support Khalistan or to Russia or Ukraine if you can fight .
Yes the government has to take accountability if the GDP is up , then they claim credit then if the GDP is low they will take the slack for it as well . The taxing in India is insane .
Good news that government knows this issue. But introducing 8th n 9th pay commission for govt employees only won't solve the problem. It is high time to control corporate greed.
Govt won't be implemeting 8 and 9 pay commission if that happens even a sweeper salary will reach 1 lakh per month and govt knows this will eventually make youth run more for govt jobs😂😂... Govt won't implement 8 pay commission until 2030😂😂
LOOK AT RELIANCE JIO. There profits have increased multi folds but There employees merely get 4% increments and sometimes not even that. GOVT. should look into it in priority
Sure dude........vote for Pappu...he has plans to remove all companies, so everyone can go back to farming. And if you haven't got any hike....... introspect and see WHY.......and if you are good in your skills, it's YOUR job to kick your present company and go somewhere else. Stop blaming everyone other than yourself for your current state.
When consumers have no money to spend, economy will crack and these profit making companies will start failing and then Govt. will be forced to bail them out citing “ too big to fail”. The only solution is higher minimum wages.
Because crypto is backed by American Jewish lobby which is pegged with usd if we invest in it it will be a trap . We need our own crypto currency which backed with ruppe so govt did the right thing and in coming years our govt bringing rupee cbdc's.
Rupee is a weak currency, if taxes and TDS were to be removed a lot of people will take their rupee out and exchange it to USD. That will reduce the value of rupee. The job of RBI is to take care of currency and Banks not quality of life of people.
Bhai corporate greedy nahi hai, central government nalli hai apni .... They reduced corporate tax from 30 to 22.5%.They brought in new labour laws in 2019 and haven't implemented them yet. And today's formula of corporates is just to support government and do whatever to increase profits and give lollipops to middle,lower class people in the form of free ration, kisaan samman nidhi of 500Rs/month.
@sumedhtayade4708 Bhai, I am not sure if I agree with your reply. Not leaning towards government. But greed is one quality that corporations are known for. Because these entities are owned by smaller coterie that have a selfish interest.
@@shejwalkarhemant3110 government exists to keep that greed in control .... But you are clearly seeing that instead of increasing salaries and recruitment, they are increasing just the profits and we are paying 30rs tax on petrol while we hardly paid 4-7Rs tax on petrol before 2014, this inflation, unemployment has been generated with full planning ... Today your opinion might be different, but someday, you'll realise that this is the truth.
Trickle down economics doesn’t work . The best way to promote economy is reduce taxes on middle class and promote the people to change jobs to keep salaries competitive
EXACTLY!!! im order for the country to grow the common man must be paid well so that he can buy stuff, india government must put greedy capitalists in check or else it can forget about becoming 3rd largest economy in the world
Someone please share this video with Mr. Narayan Murthy. Why is it that CEOs are paid ₹ 20-1000 crores ?, what else do they do apart from attending meetings and making fool out of everyone ?, do they engage in research and are inventing some new technologies / methods ?, everytime when there is layoff you will suddenly see the top executives paycheck double. People who are being laid off are told company is not doing well and that there was no profit this quarter well if the company is not earning enough then how come the paycheck of top executives are doubling ?
The ceo salary is linked with profits, do they show profits by cutting down employee benefit and number reduction citing restructuring which is easier way when compared to innovation and investing . They try to keep shareholders and investers always happy who inturn happy to increase ceo salary astronomical as it will be still less expensive when compared to increasing salary of majority of employees.
Why the hell did you conclude by saying that it is good news that the govt knows about this? They have been ruling for 12 years now and have let this happen
Because it's not under govt jurisdiction. If they brought any law it will only impact msme not big corporate giants. For example recently odisha state govt passed a bill to raise minimum wages of employees to 10k in capital region. A lot of companies are not following them and moreover govt is paying or providing tax benefits to companies to raise the wage because companies are threatening to shift their business to other states
Goberment knows the problem and they have handy diagnosis. That is why both union and state apparatus are throwing down crumbs in the guise of free ration and meagre amounts to greedy and malnourished hoi-poloi
This is exactly the scenario in Indian IT industry..they swallow huge profits but wages and working hours are not in the favour of employees..while I trust capitalism but this is unfair if majority of money entering into the country is being eaten by top 1% people...then what is the point being a 5 trillion dollar economy if it is not uplifting a common man..??..this is exactly why I hate the 70hrs work model of Mr.Narayana murthy😢
The goal should not be raising the wages but to create more jobs. That will automatically increase the wages. Do some critical thinking before marxing.
@@BrokeBillionare bro agreed but why do u think increasing my wage won't create more employment??..if I get more wage..I will be able to afford house help, buy more luxurious stuff and spend more ,pay more taxes and most importantly it will help aspirational middle class people like me with almost no significant generational wealth to generate passive income with my savings and start focusing on doing something on our own.. may be startup etc.. thanks!!
@@armineser2591 sir..I am in service sector ( consulting ) my company charges nothing less than 80-100$ per hour from client and hardly pays me 5$ per hour..don't u see the exploitation here??..and can u pls explain what is the comparison with plumber here...by that logic can I compare my pay with a commercial flight pilot??..no..its a completely different study altogether..once again am not against taking profit..am just saying when ur profits are going up why don't u also increase wages and create more friendly environment for employees..
I joined one of the major MNC the name starts with T, my salary at that time in 2015 was 10250 per month, last month my cousin joined the same company in the same pay. Thank God I up skilled and left ASAP. So according to these companies, inflation does not exists.
This is literally what corporates do everywhere. 5 years ago I worked for a US company in India, they paid me 120 $ per month. Meanwhile my coworker in the US earned around 5000 $ per month. The owner despite being Indian American and being a millionare himsef even bragged that he is giving jobs to us Indians, so we should be grateful to him despite the lower pay. Weak labour laws and high underemployment are the reason for misery in third world companies and corporates are exploiting this.
Look at the income tax, look at fuel prices, look at medical inflation, look at educational inflation look at cost of cars and real-estate prices, look at interest rates ... !!!
Wow Hats off to Palki mam for raising such serious issue. Highlighting true face of corporate world and real challenge indian GDP is facing. Middle class family and Corporate employees don't have money in there pocket to spend. That's why Economy is shrinking. Government have to take serious action against corporate companies as exploiting there employees. Befooling employees that they don't have required skill set.
Indian company philosophy, If I can get an employee to do the same job for less pay and more work then I will, as there is high unemployment, the only way to make income is by going for the lowest pay, while the companies make the maximum profits, also economic officials?, why isn't the economy growing?
Indian companies have the worst ethics among corporates. They will abuse, harass, threaten, make you overtime without pay, withhold salaries, no social security etc.
Companies were given corporate tax exemptions in the last couple of budgets, thinking that they will expand and provide job creation. But, govt doesnt know as much as employees working for them know that, corporate's sole aim is to increase profit and reduce cost. Wish govt had considered middle class in their budget instead of corporates...
@@teejayman215 How long did China take to transform? They started in 1977 / 78 & since then for most parts they have had one stable govt. And what China's Govt wants , it does --- no protests , no strikes from Opposition party or people against any Govt plans, activity , reform & development work . In India thats impossible. In the name of so called 'democracy' , India is messed
On 24 LPA package. 7-8 Lakhs direct tax , other hidden taxes 5-7 lakhs, Tax on House, tax on bikes,cars, tax on road etc. Only left with 11 lakhs . In which you need to soend on food medicine supplements transport education etc.
The reason that the economy is not growing , is because there are less jobs or lack of employment , there are less jobs because the government is not investing but only spending in giving subsidies. To give subsidies you need to tax, high taxes means higher input costs hence higher prices and lower demand. If taxes are low, inputs cost are lower hence products will be cheaper and will demand .High demand translates to jobs. More jobs means higher pay higher pay converts to higher spending higher spending converts to higher GDP.
Let's start from Infosys founder Mr. Narayanamurthy. He wants workers to work 70 hours per week and is ready to give wages only one fourth or one eigthth of the work. Then he buys a 50 crore apartment and still continues to take higher salaries. It's slavery of 21st century.
Only those C level, VP level and above wages go up in same way as profit. Those VP take work of their lower employees and show it as their own and that means fat check for them end of the year.
Corporates always blame on the global situations, saying US or Ukraine has job recession and we won't give salary hike, bonus or promotions in India and our govt agrees for everything since govt is built by public but ruled by politicans
Wages also depend on demand and supply.. Where supply of jobless youths are so much then demand of wages become shrink… Corporate Tax benefits should only be given to those companies who complies with the min wage law, along with other industrial norms…
Salaries are based on demand and supply and not on profit and loss. If one has the ability to find better job ..then salaries will improve else you become a slave.
One efficient Govt Servant got stagnated 5 years ago and was denied VRS. He didn't receive even DA raise since Jan24. Retired now with same pension and benefits which if granted 5 years back would have at least doubled in any Mutual Fund. Tyranny of govt service. Lucky are the 850 IRS officers who took recently premature retirement.
The govt knows there is a problem, but won’t do shit. The system isn’t there for any common man but for the govt and rich. Common middle class will continue to suffer in India and it won’t change for at least a decade.
the company's referred to are big ones...the smaller one's which give services to these big companies are treated as badly as their Employees...unfortunately,, the Employees in smaller companies think these smaller companies are on same footing as big ones...
Same with Indian railways giving Rs17861 bonus from 2016 in the name of Productivity Linked Bonus and their productivity not increasing despite continuous rise in freight trains Shame on Rail Management
Salaries are too low despite being middle managerial levels , revision of salary in corporate sector is must to save Indian middle and upper middle class
Thanks for the the update on Corporate Profits in India while declining consumer spending is a result of wages not being realistic with Corporations blessed with profits. Corporations need to be good Corporate citizens and compensate their loyal and hard working employees accordingly. Keep up the good work Palki.
Employees are the greatest asset to businesses an Corporations. They need to be of a good example to share the blessings with the workers. This means operating at a lower profit margin for wages to catch up with The Cost of living in post Pandemic times. Corporations need to consider paying out less dividends to investors shareholders as 21 century Gropolitical changes have affected businesses and workers. I write with concern and interest. Keep up the good work Palki. Thanks for recognizing my heart felt comments.
Since it wasn't said how much profits companies made in 2019 a statistic about 400% growth in profits is meaningless. The top 1% get 22% of the pie. Is this unusual in capitalism? Is it before or after tax? If capitalism increases GDP compared to socialism by at least 30%, does it matter if the top 1% gets 22% of the national income. And what I don't understand at all: how comes India has a trade deficit if being a businessman in India is so great? A balance of trade deficit means salaries are too high for the perceived investment security. Increase investment security and salaries will follow.
So Govt is worried that people they Tax the Most aren’t capable of Spending since they have less money after taxes with a poor ROI on Taxes for the people who actually pay them!
The govt is in dilemma. See if they increase tax or ask companies to pay more wages many will leave india leaving many indians jobless and this is a grave issue. Companies are a gang + govt receives election funds from coorporates The only people now they can screw is middle class so tax them and squeeze the money out. We dont have a gang. So whose going to go and ask. We are not a majority votebank hence no issues. Unless most of the indians become middleclass, middleclass will be screwed which is not going the happen. What is going to happen is middleclass becoming poor to lowclass. This is a failed state. Leave the country else you are screwed if you are middleclass.
Govt is not taxing corporate in hope they would generation jobs but they are instead squeezing the current people and not giving out jobs …. Corporate needs to tax hard ….
The good news is that Government knows that there is a problem. The bad news is that the government will divert public's attention by raising issues like religion or border and shut the people up.
so wages haven't increased this years and we can forget about high inflation rate which is ongoing since 2023, so government says increase salaries so that gdp can increase again. huh
Globally, the average citizens are working for longer duration than ever. They are also juggling multiple jobs. But their wages,salaries and incomes are declining. Meanwhile, the affluent lot are seeing astronomical rise in their profits and wealth. On the other hand, debt on the ordinary citizen is rising. They are staring at a bleak future plagued by political instability, social polarisation, economic hardships, fraught geopolitical landscape, intense weather events due to climate crisis, structural problems like corruption, pollution and misgovernance. Yet, the institutions, leaders, the elites and big businesses are spending their energies on optics and narrative instead of tackling issues by collaborative approach.
India should divide into smaller countries. In China the majority in Han Chinese. But in India there are muslims, tamils, Sikhs, Gujaratis and various racial groups. India is a combination of countries. So it's better to be separated.
4:31 i severly doubt this distress analogy, many buisness houses aggressively buy gold not for emotional reasons but for ease of leverage due to rising prices without going to complex process of other loaning avenues. Gold rose from 40 in 2021 to around 80 now . Salaried employees are not even aware of it , business family use gold massively
Since COVID, the manufacturing sector including the MSMEs are doing very badly. Only sectors in services and FMCG have done little better. Absolutely there is a crunch in the corporates due to GST and the pressure by Electoral Bonds. Even small firms need to shell out crores of rupees for the elections mostly to the ruling party and little to opposition. Where is the money to provide increment in wages or to increase wages?
Good to see this coming from CEA to India. Just one thing to add to the story. Upper management still getting cream from the company profit. Only lower rank doesn't. On top of that unjust income tax is choking.
As a banker in Rural India i must say Indians are getting addicted to loans on high interest, micro finance and private finance companies charge nearly 35% interest on loans, but still people choose it because they get it easily by sitting home. This ruins their financial health slowly, they take another to repay the first loan, this is a serious concern, Savings of People has been falling slowly and credit is going up. People are hesitant to spend because of high taxes, price rise and stagnant income. Hard days are coming, it may take another 10-15 years.
35% direct tax, GST on all item, GST on insurances/school fees.. almost 50-60% salary is going to taxes from salary.. the real problem is the heavy taxation on middle class.
And only 2% GST on diamonds😂😂😂😂
Government should remove direct tax and only keep GST.
Are you sure you are middle class
But rent is okay only tax is bad.
Blame on feku govt
They support adani ambani
The current generation .. is that gen Z or Alpha ... called out this hypocrisy of corporate bandits and are revolting against slavery. It is time that older generation supports the younger generation in their revolt ...
Exactly
We are doing but ifs of no use
@@khudafarishta3101exactly, I here this a lot, gen z calling out n all, but who will even listen to them.
@@sandeshpandit5540 no one you have file pil against labour ministry and center that's only way out
@@sandeshpandit5540 Ideally this matter should be looked into by labour ministry but labour ministry itself is corrupt
The starting salary in my company is same as it was 10 years ago so basically for them inflation dosent exist. Note that in the 10 years my company has going from one manufacturing plant to 21 plant😅
It's mind boggling how greedy can someone get.
Just check starting salary of a New joiner CEO before 10 yrs and now
it’s 5 to 10 times hike for top post
Even people from the last 2 decades didn't stop doing marriages & having kids. For many indian employees & employers inflation doesn't exist 😂😂
@@Vampireruller but there's a turn now
Narayana murthy just bought an apartment for 50 crores 😊😊😊😊😊😊
Well slave trade is a profitable enterprise
But remember you have to work 6 days a week.
Oh, BTW don't forget.
HIS grandchild was just gifted a Rs. 200 Cr. Stake in Infosys.
By him.
Of course he's motivated to work 6 days or 70 hours with that much money 🫠
You are wrong I heard that the news that it's cost is even more than 100 crores
They advocate for simple living and does all these stuffs, why hypocrisy. 😂
Companies never increase salary as per standards. In India Labour laws are name sake. And again our government increases taxes for the working class. And for corporates they will decrease taxes. One rich becomes more rich.
The government needs political party funds for elections & companies can give the money by underpaying us or by looting us with some scams 😂😂
Demand and supply works , so why crib why not Government reduce taxes instead of blaming private companies of not giving good salary to its employees, atleast private companies are there so many of us have employment, otherwise Government is not increasing jobs, ok no issue we should not have too many Government jobs as they are inefficient, but Government should create an environment where as many as possible can invest and open factory or offices theby increasing jobs.
Indian corporate strategy is clear:
1. Start ups: Get VC funding- go public- give exit to early investors at the cost of retail investors
2. Large corporates: High salaries to top executives and pea nuts to other employees.
Government will provide lip service but not act.
Employees are stuck in unemployability one of the major factor being poor education system.
Start From Infosys
That's a pathetic company
Yeah that greedy old money maniac 😂
@@dtvind that feudal lord must be humbled
Uss buddhe ka property leke badhni chaiye salaries
Infosys, tcs all so called big players are doing this
Law should be passed mandating minimum increment which should not be less than inflation in that year
Then more people will just get fired when companies don't want to pay.
Companies gonna fire many more people anyway in future with cheap AI softwares
Exactly. How is this not a law yet? Inflation is controlled by the government. Why not income?
There need to be a minimum wage. That’s all India needs. Keep it at 20,000 rupees
Nexus has become between Corporates and politicians. Corporates donate to politicians and they in return work for their favour. So do u think the government will give damn to salaried people?
Nothing will be done for middle-class people. It is much better to leave India.
exacty
Anti national - how can you say that
Even blue collar jobs in other countries, especially western countries would give you a comfortable life
Exactly and go to US where every citizen is in debt of millions of dollars , or Germany or China which is collapsing economically, or Kaneda if u r sikh and will get good drug money if u support Khalistan or to Russia or Ukraine if you can fight .
@teamarks4573 becz this nation is anti-human life, is that simple
Companies are not paying enough and government keeps taxing... Wow
Stop blaming the government. If you are praying for Pappu's era, that is not going to happen
Yes the government has to take accountability if the GDP is up , then they claim credit then if the GDP is low they will take the slack for it as well . The taxing in India is insane .
@@SureshMenon-c9xnot praising pappu era but companies are making profit 4 5 folds and not giving enough
@@SureshMenon-c9xDumbo toy feku era govt bootlicking corporates for elections funds
They support corporates more than workers
@@SureshMenon-c9xPappu living rent free in ret@rded bhakt's mind.
Good news that government knows this issue.
But introducing 8th n 9th pay commission for govt employees only won't solve the problem.
It is high time to control corporate greed.
The government has given corporate tax rebate time and again, but its benefits never reached employees.
The solution is to cut income tax heavily and make no tax till 15 lakhs. the report is silent on high tax rates
Govt employees are also facing issues regarding pay and salary.. govt doesn't want to spend more on employee
Govt won't be implemeting 8 and 9 pay commission if that happens even a sweeper salary will reach 1 lakh per month and govt knows this will eventually make youth run more for govt jobs😂😂... Govt won't implement 8 pay commission until 2030😂😂
And narayan murti wants employees to work more without expecting a hike.
Someone nominate him for the next peace nobel following yunus.
If salaries is are not getting increased public will demand more freebie further destabilize already weak Indian economy 😢
LOOK AT RELIANCE JIO. There profits have increased multi folds but There employees merely get 4% increments and sometimes not even that. GOVT. should look into it in priority
Gov will do nothing...they too have their share in our exploitation 😢
Atleast Reliance jio employees got 4% hike here in tcs and infosys they said that you won't get any hike as we haven't got expected profits
Switch company 2x increase @@kazuma2060
I got 0% hike in the last 18 months, and on top of that Govt tax and inflation.
Stop blaming the government. If you are praying for Pappu's era, that is not going to happen
Sure dude........vote for Pappu...he has plans to remove all companies, so everyone can go back to farming.
And if you haven't got any hike....... introspect and see WHY.......and if you are good in your skills, it's YOUR job to kick your present company and go somewhere else.
Stop blaming everyone other than yourself for your current state.
@@SureshMenon-c9xstop bootlicking the govt Dumbo
Your feku govt era gave highest inequality since Independence
@@main_stream_media_is_a_jokeoh fool WhatsApp University graduate lol
Your feku govt has created highest unemployment low wages etc
Yeah vote for BJP even if u have to starve and y are u bothered abt hike instead focus on Kashi and Mathura
When consumers have no money to spend, economy will crack and these profit making companies will start failing and then Govt. will be forced to bail them out citing “ too big to fail”. The only solution is higher minimum wages.
These multinational companies will just go to another place to open shop
Meanwhile Trump is making America a crypto country with free tax. And our Indian govt. tax 30% on crypto. WTF is wrong with bjp government.
Because crypto is backed by American Jewish lobby which is pegged with usd if we invest in it it will be a trap . We need our own crypto currency which backed with ruppe so govt did the right thing and in coming years our govt bringing rupee cbdc's.
Everything.
Most of them r showing themselves as farmers so no tax on them so they don't care
Crypto is the biggest hoax and there is no regulation and he is doing this thanks to elon who invested deeply in crypto.
@@kazuma2060 u got to adapt with the environment, calling it hoax wouldnt get u know where
Rupee is a weak currency, if taxes and TDS were to be removed a lot of people will take their rupee out and exchange it to USD. That will reduce the value of rupee. The job of RBI is to take care of currency and Banks not quality of life of people.
Wages are less,
Tax is more.
High inflation,
Rich people enjoying along with leaders in governance😂😂😂
keep voting for chor chokidar modi
CEOs are cornering all profits.
It's a spot on evaluation. The corporates are selfish here.
Corporate greed
Bhai corporate greedy nahi hai, central government nalli hai apni .... They reduced corporate tax from 30 to 22.5%.They brought in new labour laws in 2019 and haven't implemented them yet. And today's formula of corporates is just to support government and do whatever to increase profits and give lollipops to middle,lower class people in the form of free ration, kisaan samman nidhi of 500Rs/month.
@sumedhtayade4708 Bhai, I am not sure if I agree with your reply. Not leaning towards government. But greed is one quality that corporations are known for. Because these entities are owned by smaller coterie that have a selfish interest.
@@shejwalkarhemant3110 government exists to keep that greed in control .... But you are clearly seeing that instead of increasing salaries and recruitment, they are increasing just the profits and we are paying 30rs tax on petrol while we hardly paid 4-7Rs tax on petrol before 2014, this inflation, unemployment has been generated with full planning ... Today your opinion might be different, but someday, you'll realise that this is the truth.
All those big Gurus in Indian Economic Advisors to PM, our FM could not get Indian wages up. So much for becoming 3rd largest economy
It is not under their jurisdiction bro. This is not government sector. Hope you do some reading before speaking.
Well, ask this to RBI not Gov.
@@24elbaliava not even RBI can force the business to do this. And wages should be a lesser priority than job growth.
Government vmcan increase minimum wages@@BrokeBillionare
@@BrokeBillionare yeah, I was saying RBI isn't reducing rates, which is adversely affecting the market (lesser spending).
Trickle down economics doesn’t work . The best way to promote economy is reduce taxes on middle class and promote the people to change jobs to keep salaries competitive
EXACTLY!!! im order for the country to grow the common man must be paid well so that he can buy stuff, india government must put greedy capitalists in check or else it can forget about becoming 3rd largest economy in the world
HR manager in my company gets paid 85k where as main accountants who does the job are paid 18k-30k .
Meanwhile Nirmala is thinking that , ome salary rises, it will mean more tax collections !!
After taxes how can the government expect us to spend 😢😢
Someone please share this video with Mr. Narayan Murthy. Why is it that CEOs are paid ₹ 20-1000 crores ?, what else do they do apart from attending meetings and making fool out of everyone ?, do they engage in research and are inventing some new technologies / methods ?, everytime when there is layoff you will suddenly see the top executives paycheck double. People who are being laid off are told company is not doing well and that there was no profit this quarter well if the company is not earning enough then how come the paycheck of top executives are doubling ?
The ceo salary is linked with profits, do they show profits by cutting down employee benefit and number reduction citing restructuring which is easier way when compared to innovation and investing . They try to keep shareholders and investers always happy who inturn happy to increase ceo salary astronomical as it will be still less expensive when compared to increasing salary of majority of employees.
Why the hell did you conclude by saying that it is good news that the govt knows about this? They have been ruling for 12 years now and have let this happen
Because it's their people that are making all the money
Exactly! They know everything, but far too less people discuss about it, so of no use to them, we are not their vote bank
Because it's not under govt jurisdiction. If they brought any law it will only impact msme not big corporate giants. For example recently odisha state govt passed a bill to raise minimum wages of employees to 10k in capital region. A lot of companies are not following them and moreover govt is paying or providing tax benefits to companies to raise the wage because companies are threatening to shift their business to other states
As a godi media anchor, she is trying to underplay the whole thing
Goberment knows the problem and they have handy diagnosis. That is why both union and state apparatus are throwing down crumbs in the guise of free ration and meagre amounts to greedy and malnourished hoi-poloi
This is exactly the scenario in Indian IT industry..they swallow huge profits but wages and working hours are not in the favour of employees..while I trust capitalism but this is unfair if majority of money entering into the country is being eaten by top 1% people...then what is the point being a 5 trillion dollar economy if it is not uplifting a common man..??..this is exactly why I hate the 70hrs work model of Mr.Narayana murthy😢
Well said
The goal should not be raising the wages but to create more jobs. That will automatically increase the wages. Do some critical thinking before marxing.
You work in IT and complain? How much do you earn a day and how much do you pay a plumber?
@@BrokeBillionare bro agreed but why do u think increasing my wage won't create more employment??..if I get more wage..I will be able to afford house help, buy more luxurious stuff and spend more ,pay more taxes and most importantly it will help aspirational middle class people like me with almost no significant generational wealth to generate passive income with my savings and start focusing on doing something on our own.. may be startup etc.. thanks!!
@@armineser2591 sir..I am in service sector ( consulting ) my company charges nothing less than 80-100$ per hour from client and hardly pays me 5$ per hour..don't u see the exploitation here??..and can u pls explain what is the comparison with plumber here...by that logic can I compare my pay with a commercial flight pilot??..no..its a completely different study altogether..once again am not against taking profit..am just saying when ur profits are going up why don't u also increase wages and create more friendly environment for employees..
I joined one of the major MNC the name starts with T, my salary at that time in 2015 was 10250 per month, last month my cousin joined the same company in the same pay. Thank God I up skilled and left ASAP.
So according to these companies, inflation does not exists.
TCS
And they keep telling Indians to stay in India 😂😂
You don't have any options because even other countries are closing their doors for immigrants.
keep voting for chor chokidar modi
Things are not so good in the West either.
Begin from TCS, CTS, Info, Wipro, Accenture etc
No offense but that's the top 5% of companies
Wns as well
This is exactly what Indian corporates do in Africa that Africans usually complain about..
Lol every corporate company tries to do this.
What you think Indian companies are doing here in India? 😂
This is literally what corporates do everywhere. 5 years ago I worked for a US company in India, they paid me 120 $ per month. Meanwhile my coworker in the US earned around 5000 $ per month. The owner despite being Indian American and being a millionare himsef even bragged that he is giving jobs to us Indians, so we should be grateful to him despite the lower pay. Weak labour laws and high underemployment are the reason for misery in third world companies and corporates are exploiting this.
Look at the income tax, look at fuel prices, look at medical inflation, look at educational inflation look at cost of cars and real-estate prices, look at interest rates ... !!!
Wow Hats off to Palki mam for raising such serious issue.
Highlighting true face of corporate world and real challenge indian GDP is facing.
Middle class family and Corporate employees don't have money in there pocket to spend.
That's why Economy is shrinking.
Government have to take serious action against corporate companies as exploiting there employees. Befooling employees that they don't have required skill set.
Indian company philosophy, If I can get an employee to do the same job for less pay and more work then I will, as there is high unemployment, the only way to make income is by going for the lowest pay, while the companies make the maximum profits, also economic officials?, why isn't the economy growing?
Indian companies have the worst ethics among corporates. They will abuse, harass, threaten, make you overtime without pay, withhold salaries, no social security etc.
Laws should be passed to pay the employees a certain percentage of the profits at minimum.
To All MNC'S, every year please provide hikes atleast to adjust the inflation rate in India....we will be happier 😊
Greed of rich corporates 🤑
Companies were given corporate tax exemptions in the last couple of budgets, thinking that they will expand and provide job creation. But, govt doesnt know as much as employees working for them know that, corporate's sole aim is to increase profit and reduce cost. Wish govt had considered middle class in their budget instead of corporates...
This tendency not to pass on benefits flows from the Govt. mindset. Govt. itself talks about profit only not the overall well being of people.
Current Indian govt has failed miserably to keep the graph stable enough for middle class 🤨
Previous Govts did worse. Esp the last one with a different political party
@aosaeanor the last one was the same one we have now. Stop blaming things from decades ago. China didn't take long to grow exponentially
@@aosaeanor it's been 10 years into power - and yet you keep blaming Nehru for everything.
@@merveTureel 2004 - 2014 was Nehru's Govt ? Where do you get your info from ?
@@teejayman215 How long did China take to transform? They started in 1977 / 78 & since then for most parts they have had one stable govt. And what China's Govt wants , it does --- no protests , no strikes from Opposition party or people against any Govt plans, activity , reform & development work .
In India thats impossible. In the name of so called 'democracy' , India is messed
On 24 LPA package. 7-8 Lakhs direct tax , other hidden taxes 5-7 lakhs, Tax on House, tax on bikes,cars, tax on road etc. Only left with 11 lakhs . In which you need to soend on food medicine supplements transport education etc.
the food medicine and transport also has gst
In other words, businesses has fared excellently while their employee got miniscule salary
I'm MBA, was making 24k a month and I was told to handle two profiles at the same time.
Things and livelihood became more expensive...i had not planned any family tour from the past 2.5 years and not sure when
The reason that the economy is not growing , is because there are less jobs or lack of employment , there are less jobs because the government is not investing but only spending in giving subsidies. To give subsidies you need to tax, high taxes means higher input costs hence higher prices and lower demand.
If taxes are low, inputs cost are lower hence products will be cheaper and will demand .High demand translates to jobs.
More jobs means higher pay higher pay converts to higher spending higher spending converts to higher GDP.
People not being employable is a larger issue in India than lack of employment opportunities. This problem is largely rooted in the education system
Indian cooparates are busy advocating for long work hours for week but with same salary
Let's start from Infosys founder Mr. Narayanamurthy. He wants workers to work 70 hours per week and is ready to give wages only one fourth or one eigthth of the work.
Then he buys a 50 crore apartment and still continues to take higher salaries.
It's slavery of 21st century.
Wrong, Narayana murthy didn't ask to work 70 hours for his company, but total 70 hours including work and side hustle.
Only those C level, VP level and above wages go up in same way as profit. Those VP take work of their lower employees and show it as their own and that means fat check for them end of the year.
Corporate Job❌
Gadha Mazdoori✅
Respect❌
Beijjati✅
Increment❌
Jhuthe Vaade✅
Bonus❌
Khairaat✅
Corporates always blame on the global situations, saying US or Ukraine has job recession and we won't give salary hike, bonus or promotions in India and our govt agrees for everything since govt is built by public but ruled by politicans
Wages also depend on demand and supply.. Where supply of jobless youths are so much then demand of wages become shrink… Corporate Tax benefits should only be given to those companies who complies with the min wage law, along with other industrial norms…
Salaries are based on demand and supply and not on profit and loss. If one has the ability to find better job ..then salaries will improve else you become a slave.
One efficient Govt Servant got stagnated 5 years ago and was denied VRS. He didn't receive even DA raise since Jan24. Retired now with same pension and benefits which if granted 5 years back would have at least doubled in any Mutual Fund. Tyranny of govt service. Lucky are the 850 IRS officers who took recently premature retirement.
The govt knows there is a problem, but won’t do shit. The system isn’t there for any common man but for the govt and rich. Common middle class will continue to suffer in India and it won’t change for at least a decade.
the company's referred to are big ones...the smaller one's which give services to these big companies are treated as badly as their Employees...unfortunately,, the Employees in smaller companies think these smaller companies are on same footing as big ones...
Capitalism is good but not capitalist at the helm
Same with Indian railways giving Rs17861 bonus from 2016 in the name of Productivity Linked Bonus and their productivity not increasing despite continuous rise in freight trains
Shame on Rail Management
Profits are never shared .
From corporate sector
Salaries are too low despite being middle managerial levels , revision of salary in corporate sector is must to save Indian middle and upper middle class
Thanks for the the update on Corporate Profits in India while declining consumer spending is a result of wages not being realistic with Corporations blessed with profits. Corporations need to be good Corporate citizens and compensate their loyal and hard working employees accordingly. Keep up the good work Palki.
Employees are the greatest asset to businesses an Corporations. They need to be of a good example to share the blessings with the workers. This means operating at a lower profit margin for wages to catch up with The Cost of living in post Pandemic times.
Corporations need to consider paying out less dividends to investors shareholders as 21 century Gropolitical changes have affected businesses and workers.
I write with concern and interest. Keep up the good work Palki. Thanks for recognizing my heart felt comments.
Since it wasn't said how much profits companies made in 2019 a statistic about 400% growth in profits is meaningless.
The top 1% get 22% of the pie. Is this unusual in capitalism? Is it before or after tax?
If capitalism increases GDP compared to socialism by at least 30%, does it matter if the top 1% gets 22% of the national income.
And what I don't understand at all: how comes India has a trade deficit if being a businessman in India is so great? A balance of trade deficit means salaries are too high for the perceived investment security.
Increase investment security and salaries will follow.
So Govt is worried that people they Tax the Most aren’t capable of Spending since they have less money after taxes with a poor ROI on Taxes for the people who actually pay them!
This seems like an excuse for high taxation
Tax will be a negligible issue, if more and more lower middle class/poor people starts getting jobs with better wages.
Corporates are not sharing profits with employees, poor Indians work for peanuts
The govt is in dilemma. See if they increase tax or ask companies to pay more wages many will leave india leaving many indians jobless and this is a grave issue. Companies are a gang + govt receives election funds from coorporates
The only people now they can screw is middle class so tax them and squeeze the money out. We dont have a gang. So whose going to go and ask. We are not a majority votebank hence no issues.
Unless most of the indians become middleclass, middleclass will be screwed which is not going the happen. What is going to happen is middleclass becoming poor to lowclass.
This is a failed state. Leave the country else you are screwed if you are middleclass.
Govt is not taxing corporate in hope they would generation jobs but they are instead squeezing the current people and not giving out jobs …. Corporate needs to tax hard ….
There is no new amendment of minimum wages in private sectors from government as well.
The companies are donating to party funds. Why the ruling government will take any action?
The good news is that Government knows that there is a problem. The bad news is that the government will divert public's attention by raising issues like religion or border and shut the people up.
Where is Atul Subhash's story, feminist Palki?
Stories about misogynistic psychopathic incel males will not be done
Same here in USA. Tech companies profit sky rocketed and the stock prices as well, but wages are not risen much.
so wages haven't increased this years and we can forget about high inflation rate which is ongoing since 2023, so government says increase salaries so that gdp can increase again. huh
This is brutal capitalism ...with gov backing 😢
Big corporates make money and don't let it trickle down shameless
Well the best solution is to leave this country as soon as possible if you are fortunate enough.
Have you raised our voice??? NO
Globally, the average citizens are working for longer duration than ever. They are also juggling multiple jobs. But their wages,salaries and incomes are declining. Meanwhile, the affluent lot are seeing astronomical rise in their profits and wealth. On the other hand, debt on the ordinary citizen is rising. They are staring at a bleak future plagued by political instability, social polarisation, economic hardships, fraught geopolitical landscape, intense weather events due to climate crisis, structural problems like corruption, pollution and misgovernance. Yet, the institutions, leaders, the elites and big businesses are spending their energies on optics and narrative instead of tackling issues by collaborative approach.
India should divide into smaller countries. In China the majority in Han Chinese. But in India there are muslims, tamils, Sikhs, Gujaratis and various racial groups. India is a combination of countries. So it's better to be separated.
Where is that fraud who want us to work 70hrs ?
4:31 i severly doubt this distress analogy, many buisness houses aggressively buy gold not for emotional reasons but for ease of leverage due to rising prices without going to complex process of other loaning avenues. Gold rose from 40 in 2021 to around 80 now . Salaried employees are not even aware of it , business family use gold massively
And they expect us to work for 70 hours a week.
Indian middle class is being crushed between Greedy Corporates and Government taxes.
Indian government must pay correct wages to private employees as well as school teacher.
Income tax upto 12 lakhs should be removed
True
Why we need pay hike and more employees, when u could work 70 hrs per week.
Since COVID, the manufacturing sector including the MSMEs are doing very badly.
Only sectors in services and FMCG have done little better.
Absolutely there is a crunch in the corporates due to GST and the pressure by Electoral Bonds.
Even small firms need to shell out crores of rupees for the elections mostly to the ruling party and little to opposition.
Where is the money to provide increment in wages or to increase wages?
Good to see this coming from CEA to India. Just one thing to add to the story. Upper management still getting cream from the company profit. Only lower rank doesn't.
On top of that unjust income tax is choking.
As a banker in Rural India i must say Indians are getting addicted to loans on high interest, micro finance and private finance companies charge nearly 35% interest on loans, but still people choose it because they get it easily by sitting home. This ruins their financial health slowly, they take another to repay the first loan, this is a serious concern, Savings of People has been falling slowly and credit is going up. People are hesitant to spend because of high taxes, price rise and stagnant income. Hard days are coming, it may take another 10-15 years.
Remove income tax and the only tax be GST
Acche din acche din 😊😊😊
Please talk about taxes also.... But of course
This is why every nation needs huge nos of medium sized and small sized businesses.
Always buy from small scale as much as possible.
we all know from where it all started from.
Weather creation should lead to more jobs, absolutely correct logic for any country to prosper.
Abolish income tax
Finally somebody is talking about it. Government.pay commission implemented after every 7 years but what about private sector.
Seriously the private sector salary is way less than govt sector...
Apart from company profits it's the high taxes which is discouraging spending!