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Ministry proposes CEO pay formula for private firms

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  • Published On: September 15, 2010
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In a bid to keep the widening salary gap in check, the labour ministry has proposed that the topmost executive's salary in an organisation should not be more than 200 times the minimum salary in the structure. This suggestion has been made in response to the finance ministry's parliamentary standing committee's recommendation that salaries of CEOs should be capped.
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