Sunday, September 06
New Delhi: Provident fund and gratuity contributions are expected to increase with the Code on Wages mandating that the basic salary of employees must be at least 50% of their total cost-to-company (CTC) or the percentage notified by the government. Since PF and gratuity are calculated on the basis of basic salary, a higher basic pay will result in increased contributions from both the employee and the employer. While this will enhance the mandatory retirement savings for employees, increased outgo towards PF and gratuity from the same CTC will weigh on take-home salaries. The Code on Wages came into effect on Friday, though the government will notify the rules only in the next 45 days. Establishments will have to align their salary structure as detailed in the rules. This provision on bas
India is fast emerging as one of the most important markets in the global branded residences segment, according to the Savills Branded Residences 2025–26 Report.As the sector expands worldwide—expected to reach 910 schemes by 2025—India now features among the Top 10 countries globally with the highest number of branded residential projects.This places India in the same league as the US, UAE, Thailand, and Vietnam—traditionally dominant branded residence markets.India Now a Major Growth Engine in Asia-PacificThe report notes that branded residence supply in the Asia-Pacific region has grown 55% over the past five years, with India named as one of the key contributors alongside Vietnam and Thailand.This surge reflects rising domestic wealth, maturing luxury demand, and increasing int
