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PMAY drives up MGNREGS wage costs

MGNREGS wages of about ₹35,000-40,000 crore are estimated to have gone into the construction of houses under the PMAY (Gramin) since the scheme was rolled out in November 2016 by revamping the erstwhile India Awas Yojana, said the person. House construction has picked up pace in the last two years, pushing up the MGNREGS wage costs on such an account.

India , Nirmala-sitharaman , Yojana-gramin , Mahatma-gandhi-rural-employment-guarantee-scheme , Pradhan-mantri-awas-yojana , India-awas-yojana , Pmay , Mgnregs , Wage-costs , Flagship-scheme , Construction

IT firms grapple with increase in employee costs

Employee wage costs at top Indian software services companies reach six-year high

India , Samir-seksaria , Nilanjan-roy , Kamal-karanth , Infosys , Wipro , View-full-image , Whatsapp-channels , It-firms , Wage-costs , Tcs , Hcl

BBC News Now

market in hyde, the cost of the food this trader buys has settled, but remains high. ads, this trader buys has settled, but remains high-— this trader buys has settled, but remains hiuh. �* ., ., ,, , ., . remains high. a lot of pork product, cheese and — remains high. a lot of pork product, cheese and butter _ remains high. a lot of pork product, cheese and butter has _ remains high. a lot of pork product, cheese and butter has plateaued - remains high. a lot of pork product, | cheese and butter has plateaued and may be dropped a fraction, but nothing to what we have seen two or three years ago. nothing to what we have seen two or three years age-— three years ago. selling dried beef, amanda is seen _ three years ago. selling dried beef, amanda is seen at _ three years ago. selling dried beef, amanda is seen at the _ three years ago. selling dried beef, amanda is seen at the cost - three years ago. selling dried beef, amanda is seen at the cost rise - three years ago. selling dried beef, amanda is seen at the cost rise and is struggling not to pass those on. i am trying to do more market so i i am trying to do more market sol can get— i am trying to do more market sol can get some more money in. but you have got— can get some more money in. but you have got to — can get some more money in. but you have got to pay the market fees and your fuel— have got to pay the market fees and your fuel costs, which have gone up as wett _ your fuel costs, which have gone up as wett you — your fuel costs, which have gone up as well. you know, i have sold a vehicle — as well. you know, i have sold a vehicle so — as well. you know, i have sold a vehicle so i_ as well. you know, i have sold a vehicle so i am not paying out for an extra — vehicle so i am not paying out for an extra vehicle.— vehicle so i am not paying out for an extra vehicle. annette sold out are bred by _ an extra vehicle. annette sold out are bred by mid-day, _ an extra vehicle. annette sold out are bred by mid-day, but- an extra vehicle. annette sold out are bred by mid-day, but for- an extra vehicle. annette sold out are bred by mid-day, but for her, | are bred by mid—day, but for her, wage costs are a challenge. it is wage costs are a challenge. it is the minimum — wage costs are a challenge. it is the minimum wage, _ wage costs are a challenge. it 3 the minimum wage, if it goes up their wages for other people who are not on minimum wage go up as well, so they maintain a differential between themselves and the minimum wage. across the country, those pressures mean food prices continue to climb. �* . .

Lot , Cost , Energy , Pork-product , Cheese , Butter , High , Market , Trader-buys , Nothing , Ads , Plateaued

BBC News at One

our business correspondent dharshini david reports. young man, what were you looking for? at this market in hythe, the cost of the food trader taryn buys has settled, but remains high. thank you. a lot of pork product and cheese as well. cheese and butter has sort of plateaued and maybe dropped a fraction, but nothing to like we've seen maybe two or three years ago. do you want some of the mixture? yeah? selling dried beef. amanda is seeing other costs rise and is struggling not to pass those on. i'm trying to do more markets so i can get some more money in, but then again, you've got to pay the market fees, you've got to pay your fuel costs, which have gone up as well. and, you know, i've sold a vehicle so that i'm not paying out for an extra vehicle. annette sold out of bread by midday, but for her, wage costs are a challenge. if the minimum wage goes up, i then the wages for other people who are not on minimum wage go up as well. - so they maintain a differential-

Man , Dharshini-david-reports , Cost , Food , Market , Trader-taryn , Hythe , Costs , Cheese , Lot , Pork-product , Nothing

The Katie Phang Show

paid more between this year and last year? the number that we got, 4.4%. that's home how much higher wages are in june of this year compared to june of last year. that's a faster clip than the 4.3% we saw in the prior month, and for the federal reserve, which has been trying to get this number down so that they can make sure that employers are not passing on higher wage costs to the consumer, they might be looking at this and saying well, we might want to do one more interest rate increase, which is why markets and pricing it's another 2.5 percentage point interest rate increase in their next meeting at the end of the month. we'll have to see if the fed follows through on that. again, broad story, jobs market continuing to track along, just a little bit of a slower pace this time around. back to you. >> and our thanks to brian chung for that report. and still to come, damage control. how florida's first lady, casey desantis, is desperately trying to save her husband's sinking presidential campaign with women voters. and later, not guilty.

Number , Federal-reserve , We-saw , Home , Wages , 4-3 , 4 , Markets , Consumer , Interest-rate-increase , Wage-costs , Employers

World Business Report

morrisons, etc. your thoughts on what they are likely to say as to why they are not passing on reductions to their customers?— on reductions to their customers? all the other exuenses _ customers? all the other expenses they _ customers? all the other expenses they are - customers? all the other| expenses they are getting customers? all the other. expenses they are getting at the moment in terms of costs of power, all those elements coming through, all those extra costs and wage costs as well. inaudible on the other hand. there is strong competition. there is strong competition. there is strong competition, you have to go beyond the major supermarkets to find it and to try and find those discounts that are given. what you are now seeing is a spotlight put on supermarkets to come up with them being honest or not. the other story _ them being honest or not. the other story that _ them being honest or not. the other story that is _ them being honest or not. the other story that is in the press very much at the moment is the chancellor, jeremy hunt, talking to banks and saying, hang on a second, we were not passing on to savers and increase in interest rates quickly enough, and yet the banks are very quick to put up

Customers , Expenses , Terms , Reductions , Costs , Thoughts , Other , Etc , Morrisons , Exuenses , Competition , Flights-inaudible

BBC News at One

overall inflation rate and higher than official rates of food inflation. as price rises are higher on lots of basic food items. bread, milk, eggs — on lots of basic food items. bread, milk. eggs and _ on lots of basic food items. bread, milk, eggs and fruit _ on lots of basic food items. bread, i milk, eggs and fruit and vegetables. how does it feel, what impact it's having on your budget? mi; how does it feel, what impact it's having on your budget? my budget is uuite having on your budget? my budget is quite depleted- _ having on your budget? my budget is quite depleted. i— having on your budget? my budget is quite depleted. i am _ having on your budget? my budget is quite depleted. i am 78, _ having on your budget? my budget is quite depleted. i am 78, i _ having on your budget? my budget is quite depleted. i am 78, i live - having on your budget? my budget is quite depleted. i am 78, i live on - having on your budget? my budget is quite depleted. i am 78, i live on a l quite depleted. i am 78, i live on a pension. i quite depleted. i am 78, i live on a ension. ~' ., quite depleted. i am 78, i live on a ension. ~ ., , ., ., ,, pension. i know exactly more or less what i pension. i know exactly more or less what i want — pension. i know exactly more or less what i want to _ pension. i know exactly more or less what i want to spend _ pension. i know exactly more or less what i want to spend a _ pension. i know exactly more or less what i want to spend a week, - pension. i know exactly more or less what i want to spend a week, but. what i want to spend a week, but there _ what i want to spend a week, but there is— what i want to spend a week, but there is a — what i want to spend a week, but there is a difference between what i want to _ there is a difference between what i want to spend on what i have to spend _ want to spend on what i have to spend now _ want to spend on what i have to spend now. it want to spend on what i have to spend nova— spend now. it is a struggle for --eole, spend now. it is a struggle for peeple. you — spend now. it is a struggle for peeple. you just _ spend now. it is a struggle for people, you just have - spend now. it is a struggle for people, you just have to - spend now. it is a struggle for people, you just have to try i spend now. it is a struggle for i people, you just have to try and spend now. it is a struggle for - people, you just have to try and do your best. — people, you just have to try and do your best. cui— people, you just have to try and do your best, cut down _ people, you just have to try and do your best, cut down on _ people, you just have to try and do your best, cut down on waste - people, you just have to try and do your best, cut down on waste and i your best, cut down on waste and manage _ your best, cut down on waste and manage your— your best, cut down on waste and manage your budget. _ your best, cut down on waste and manage your budget.— manage your budget. higher food production. _ manage your budget. higher food production, transport, _ manage your budget. higher food production, transport, profits - manage your budget. higher food production, transport, profits and wage costs have been tagged onto food prices whether you are eating in or out. it food prices whether you are eating in or out. , , , food prices whether you are eating in orout. , , , , ., in or out. it is expensive, bread, butter, in or out. it is expensive, bread, butter. milk. — in or out. it is expensive, bread, butter, milk, eggs. _ in or out. it is expensive, bread, butter, milk, eggs. if— in or out. it is expensive, bread, butter, milk, eggs. if you - in or out. it is expensive, bread, butter, milk, eggs. if you raise i in or out. it is expensive, bread, i butter, milk, eggs. if you raise the price then you lose the customers. if food inflation falls more, as hoped by the end of this year, that

Budget , Food-inflation , Bread , Milk , Inflation-rate , Eggs , Food-items , Lots , Price-rises , Fruit , Rates , Impact

IT firms' employee costs soar on rising lateral, billable hiring

India’s top information technology (IT) services companies such as Tata Consultancy Services Ltd, Infosys Ltd, Wipro Ltd and HCL Tech are grappling with high employee costs despite a decline in overall headcount

India , Infosys-ltd , Tata-consultancy-services-ltd , Wipro-ltd , It , Employee , Hiring , Wage-costs , Employee-costs ,

BBC News

different income streams coming in it really is_ different income streams coming in it really is going _ different income streams coming in it really is going to _ different income streams coming in it really is going to be _ different income streams coming in it really is going to be difficult. - it really is going to be difficult. pubs_ it really is going to be difficult. pubs are — it really is going to be difficult. pubs are under— it really is going to be difficult. pubs are under a _ it really is going to be difficult. pubs are under a lot— it really is going to be difficult. pubs are under a lot of- it really is going to be difficult. i pubs are under a lot of pressure it really is going to be difficult. - pubs are under a lot of pressure at the moment — pubs are under a lot of pressure at the moment. we've _ pubs are under a lot of pressure at the moment. we've had _ pubs are under a lot of pressure at the moment. we've had a - pubs are under a lot of pressure at the moment. we've had a 39% - pubs are under a lot of pressure at- the moment. we've had a 39% increase in our— the moment. we've had a 39% increase in our operating — the moment. we've had a 39% increase in our operating overheads _ the moment. we've had a 39% increase in our operating overheads in— the moment. we've had a 39% increase in our operating overheads in the - in our operating overheads in the first 11_ in our operating overheads in the first 11 months— in our operating overheads in the first 11 months of— in our operating overheads in the first 11 months of this _ in our operating overheads in the first 11 months of this year. - in our operating overheads in the first 11 months of this year. and i in our operating overheads in the l first 11 months of this year. and we are yet— first 11 months of this year. and we are yet to — first 11 months of this year. and we are yet to be — first 11 months of this year. and we are yet to be had _ first 11 months of this year. and we are yet to be had by— first 11 months of this year. and we are yet to be had by the _ first 11 months of this year. and we are yet to be had by the depth - first 11 months of this year. and we are yet to be had by the depth of. are yet to be had by the depth of winter _ are yet to be had by the depth of winter 50— are yet to be had by the depth of winter so i— are yet to be had by the depth of winter. so i do— are yet to be had by the depth of winter. so i do feel— are yet to be had by the depth of winter. so i do feel very- are yet to be had by the depth of winter. so i do feel very sorry . are yet to be had by the depth ofi winter. so i do feel very sorry for people — winter. so i do feel very sorry for --eole. ., . ., . . people. how much of that increase can ou people. how much of that increase can you pass _ people. how much of that increase can you pass on — people. how much of that increase can you pass on to _ people. how much of that increase can you pass on to your— people. how much of that increase l can you pass on to your customers? people. how much of that increase i can you pass on to your customers? i don't think we can. it's our duty as a pub— don't think we can. it's our duty as a pub to _ don't think we can. it's our duty as a pub to give — don't think we can. it's our duty as a pub to give people _ don't think we can. it's our duty as a pub to give people that - don't think we can. it's our duty as a pub to give people that respite l a pub to give people that respite from _ a pub to give people that respite from the — a pub to give people that respite from the cost _ a pub to give people that respite from the cost of _ a pub to give people that respite from the cost of living _ a pub to give people that respite from the cost of living crisis. - a pub to give people that respite from the cost of living crisis. i. from the cost of living crisis. i was _ from the cost of living crisis. i was 39%— from the cost of living crisis. i was 39% increase _ from the cost of living crisis. i was 39% increase in _ from the cost of living crisis. ii was 39% increase in operating from the cost of living crisis. i- was 39% increase in operating costs does not _ was 39% increase in operating costs does not actually _ was 39% increase in operating costs does not actually reflect _ was 39% increase in operating costs does not actually reflect or - was 39% increase in operating costs does not actually reflect or include. does not actually reflect or include the cost _ does not actually reflect or include the cost of — does not actually reflect or include the cost of products _ does not actually reflect or include the cost of products so _ does not actually reflect or include the cost of products so i— does not actually reflect or include the cost of products so i am - does not actually reflect or include the cost of products so i am just . the cost of products so i am just talking _ the cost of products so i am just talking about _ the cost of products so i am just talking about things _ the cost of products so i am just talking about things like - the cost of products so i am just talking about things like our- the cost of products so i am just i talking about things like our other overheads— talking about things like our other overheads like _ talking about things like our other overheads like wage _ talking about things like our other overheads like wage costs. - talking about things like our other overheads like wage costs. so - talking about things like our other overheads like wage costs. so if l talking about things like our other. overheads like wage costs. so if we were _ overheads like wage costs. so if we were to _ overheads like wage costs. so if we were to reflect _ overheads like wage costs. so if we were to reflect the _ overheads like wage costs. so if we were to reflect the increased - overheads like wage costs. so if we were to reflect the increased costsi were to reflect the increased costs must _ were to reflect the increased costs must pubs — were to reflect the increased costs most pubs would _ were to reflect the increased costs most pubs would be _ were to reflect the increased costs most pubs would be charging - were to reflect the increased costs most pubs would be charging nine| were to reflect the increased costs . most pubs would be charging nine or £10 per— most pubs would be charging nine or £10 per bite — most pubs would be charging nine or £10 per bite or— most pubs would be charging nine or £10 per bite or £2530 _ most pubs would be charging nine or £10 per bite or £2530 for— most pubs would be charging nine or £10 per bite or £2530 for every - £10 per bite or £2530 for every single — £10 per bite or £2530 for every single mairi— £10 per bite or £2530 for every

It , Lot , Increase , Pubs , Income , Pressure , Operating-overheads , 39 , 11 , Pub , People , Winter

BBC News

being asked for by various unions actually represent something that will increase inflation? it actually represent something that will increase inflation?— will increase inflation? it really de-ends will increase inflation? it really depends on — will increase inflation? it really depends on the _ will increase inflation? it really depends on the individual- will increase inflation? it really - depends on the individual business, because it depends on the extent to which those businesses are able to pass on those extra wage costs in terms of higher prices. if they can do that then that would mean prices would go up in the supermarkets or at the petrol pump or where ever that business is. if they cannot, they will have to take in those extra wage costs themselves, which will put pressure on businesses by squeezing their margins. it is either a case of putting up prices in the economy, which will add to inflation or it will dampen business activity by making it much harder for them to be profitable. tibia activity by making it much harder for them to be profitable. 0k, good to talk to you- _ the time is now 9.25. hundreds of people gathered at a vigil overnight for three boys who died after they fell into an icy lake in solihull.

Inflation , Unions , Something , Businesses , Extent , Increase-inflation , Wage-costs , Business , Prices , Terms , Supermarkets , Petrol-pump