India’s new Code on Wages requires basic salary to be at least 50% of total CTC. That shift is expected to raise provident fund and gratuity contributions, boosting long-term retirement savings. But employees may see lower take-home pay as employers restructure allowances to meet the rule—effectively making it harder for firms to minimize retirement contributions.
IIM Calcutta has wrapped final placements for its 61st MBA batch, with 458 students receiving 542 offers from 202 recruiters. Average CTC rose 5.05% year-on-year to Rs 36 lakh, while the median landed at Rs 35 lakh. The highest domestic offer reached Rs 1.45 crore, and the top international offer was Rs 1.10 crore.
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