1. ET News related to HR
(1 Nov’10 to 5 Nov’10)
Neha Sahi
MBA 2C
2. Incentive system for govt staffers
next year: Secy
•An incentive structure for government
servants on extensive power review.
•It could be implemented next year.
•Incentives would be given out from the
cost savings achieved by a bureaucrat in
his role, not placing an additional burden
on government.
•Concept is based on a paper prepared by
IIM Ahmedabad.
3. Contd..
•Incentives would depend on:
oExtensive job performance.
oCost saving on account of reduction in
use of office stationary.
oSavings in electricity.
•Government has put in place a
performance monitoring and evaluation
system.
•Results of each ministry or department
will be put on its website to ensure
stakeholder participation and
transparency.
4. Sebi proposes to raise staff salaries
•Sebi proposed increase in salaries of its
600 member staff by a huge margin and
that too retrospectively with effect from
November 2007.
•Pay hike would result in additional
annual payout of Rs. 14.46 crore.
•Senior level officers are biggest
beneficiaries by way of more than 90%
increase in their emoluments.
5. Social Security Schemes set to get off
the ground faster
•Labour ministry plans to create a faster
mechanism to clear social security schemes
financed through the national social security
fund.
•Labour ministry looks to speed up the
implementation of schemes for workers in the
unorganized sector.
•Ministry suggests the creation of a high-level
committee under the labour secretary to
approve schemes, obviating the need for time-
consuming legislative approvals.
6. •2010-11 budget has set aside Rs. 1,000
crore to kick start National Social
Security Fund Scheme.
•Committee will have representatives
from:
oMinistry of finance.
oPlanning commission.
oSecretary of the concerned ministry.
•Social Security Now is campaigning for
social security coverage for about 423
million unorganized workers through a
central legislation.
Contd..
7. Uday Suri is BNP Paribas MF head of sales
and marketing
•BNP Paribas Asset Management India
appointed Uday Suri as head of sales and
marketing with effect from 30 October.
•Mr. Suri joins from Fidelity Mutual Fund,
where he was the national sales head.
•Mr. Suri will be responsible for sales,
service, marketing and communications
and product development.
