Banking Current Affairs - 2019
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The Monster Salary Index report has highlighted the following findings:
- The gender pay gap is still high in India and women in the country earn 19 per cent less than men.
- Wage inequalities in favour of men are present in all the relevant sectors.
- The current gender pay gap in India stood at 19 per cent where men earned Rs 46.19 more per hour in comparison to women.
- The survey report puts the median gross hourly salary for men in India in 2018 stood at Rs 242.49, while for women it stood at around Rs 196.3.
- Gender pay gap encompasses across key industries, IT/ITES services showed a sharp pay gap of 26 per cent in favour of men, while in the manufacturing sector, men earn 24 per cent more than women.
- Even in sectors like healthcare, caring services, and social work which are notionally identified with women, men earn 21 per cent more than women.
- Only in Financial services, banking and insurance industry men earn just 2 per cent more.
- The report notes that the gender pay gap widens with the years of experience. In the initial years, the gender pay gap is moderate but rises significantly as the tenure increases and for those with over 10 years of experience, the gender pay gap in favour of men reaches the peak, with men earning 15 per cent more than women.
- The survey reports that the gap has narrowed only by one per cent in 2018 from 20 per cent in 2017.
Monster Salary Index Report was prepared by Monster India in collaboration with Paycheck.in (managed by WageIndicator Foundation) with IIM-Ahmedabad as a research partner.
Tags: Banking • caring services • Financial services • Gender pay gap • Healthcare • IIM Ahmedabad • IIM-A • Insurance • IT/ITES services • Manufacturing Sector • Monster India • Monster Salary Index Report • Paycheck.in • Social Work • Wage Inequalities • WageIndicator Foundation
The Odisha State Disaster Management Authority (OSDMA) has bagged the SKOCH Award, 2018 for its remarkable achievements in the field of disaster management. The award was presented at the 56th SKOTCH Summit held at New Delhi.
The SKOCH Award is being presented since 2003 to individuals and institutions having done meritorious works in the field of governance, finance, banking, disaster management, technology, corporate citizenship, economics and inclusive growth by Skoch Group.
OSDMA and Disaster Management
- OSDMA had received Order-of-merit in the Gold category for constructing 879 multipurpose cyclone and flood shelters which played a key role in saving human lives during Cyclone Phailin in 2013.
- OSDMA had received ‘Order-of-merit’ in the silver category for constructing disaster resilient houses for about 17,000 Phailin affected families by relocating them to safer places.
- Order-of-merit Bronze was given to the OSDMA for its Early Warning Dissemination System for different hydro-meteorological disasters across the coastline of Odisha which will benefit 1,205 villages in 22 blocks of six coastal districts.
- OSDMA had received ICHL award, 2013 for Excellence in Humanitarian Action in the field of Disaster Management and many certifications for effective management of disasters.
These awards are the recognition of Odisha becoming a model state in disaster management and risk mitigation since the 1999 Super Cyclone.
Tags: 1999 Super Cyclone • Banking • corporate citizenship • Cyclone Phailin • Disaster Management • Early Warning Dissemination System • Economics • Finance • Governance • Inclusive Growth • Odisha State Disaster Management Authority • OSDMA • SKOCH Award • SKOCH Group • Technology