Site news

INFOSYS CEO “VISHAL SIKKA” GOT RS 48.73 CR SALARY DURING FY16; PAY PACKAGE MAY RISE BY 50% IN FY17

 
 
Picture of System Administrator
INFOSYS CEO “VISHAL SIKKA” GOT RS 48.73 CR SALARY DURING FY16; PAY PACKAGE MAY RISE BY 50% IN FY17
by System Administrator - Saturday, 21 May 2016, 2:14 AM
 

By: M.S.Yatnatti: Editor and Video Journalist Bengaluru: Reportedly Infosys CEO Vishal Sikka received a total salary of Rs 48.73 crore for the fiscal 2015-16, according to the discloures made in the the company's annual report, and this compensation level is set to increase by 50% for the current financial year as per the renewed agreement announced in February this year. The total compensation paid to Vishal Sikka includes a basic salary of Rs 5.96 crore, retiral benefits of Rs 0.33 crore and bonus & incentive component includes Rs 6.29 crore. During FY17, Sikka will receive a total compensation of $11 million (Rs 73.7 crore approximately), which will be effective from January 2017. This includes annual base pay of $1 million (Rs 6.7 crore) and variable pay of $3 million (Rs 20.1 croe) with a significant component being the stock option of $7 million (Rs 46.9 crore). In comparison the earlier compensation structure was $7.08 million for FY16. The board of Infosys has already extended the term of Sikka till 2021 in recognition for restoring the company's leadership in the industry and setting the goals for the next five years which are likely to be achieved. Sikka was formally appointed as CEO for a period from August 1, 2014 to June 13, 2018. Now the new agreement will be with effect from April 1, 2016 until March 31, 2021. Sikka has laid out an ambitious goal for Infosys by 2020 to achieve a revenue of $20 billion with an operating profit margin of 30% and an average revenue per employee of $80,000. The next in command to Sikka, chief operating officer U B Pravin Rao receive. IT major Infosys has reportedly increased the salary of its top executives but the base scale for entry-level software engineers has not changed for more than five years..Infosys pays around Rs 23-27,000 for entry-level software engineers with BE and Rs 12-15,000 for entry-level BSc freshers, according to sources. According to experts, starting salaries offered by other IT companies are in the same range. Information technology is one of the most important mass employer in the country today providing significant valueaddition and employment creation.

Mr Modi, always endearingly, admitting that "He may not a big economist" but India has many biggest economists like Dr Manmohan Singh and others and he conveniently forget to mention about facts. These omission and commissions make India weak at international level. He should not make India belittle in front of the world .Make in India concept should not become loot India concept. Fire up this spirit of innovation and invention in India, beyond invoking ancient glories? Reportedly three things are central to American dominance in this sphere: an ecosystem that encourages risk-taking, a market that provides capital and funding, and a social ethos that does not stigmatise failure. India should understand currency wars .Need to understand American currency system.RBI is way behind the American Banking system.RBI need to innovates itself. Indian Government needs to extend your support to "Come, study in India”. "Come, innovate in India”, "Come, research in India”, "Come, design products in India”, "Come, Get well in India”. "Come, partner with India”. Make in India would be a great thing if industrial production, in particular labour-intensive manufacturing, could blossom in India along with educate India educate world ensuring quality education for the world. India is Grukul to the world. At the same time Indian companies should also be allowed to grow with their own products and invocations make them in India and sell to the world. The make in India and Package and label it in US should not happen and same product sell it with US label to India itself should not happen. Make in India should not become loot in India and sell to the world .There is needed a re-think on make in India concept. India should make it a point to provide all these facilities to students so that we can reduce the export of talent and increase its import from the other countries. The change then has to begin in the schools. Mere slogans or late-stage government intervention will not result in Make in India and Start Up India.Despite knowing where the problem lies in change in education system , India is yet to free itself from the stranglehold of textbook mastery , in an education system . Online education with lab only colleges is need of the hour. The day you visit a school and find students hunched over devices and contraptions, equipment and appliances, rather than just textbooks and notebooks, is the day Make in India would have started up.

There is urgent need to plug skill gaps in India by clubbing make in India and study in India both together and there is no need that our students go abroad .what they get in education abroad can be provided in India .Our education sector need to be updated as that of education abroad in UK and US as teachers there teaching are most of them are Indians. Don't you think 'Make In India', launched by Narendra Modi should be extended to the education sector as well? Here is a list of education trends that are followed abroad and should be picked up in India to boost the education sector of the country. Narendra Modi need to add most important sector in his speeches.He should modify his speech add vital points to it like "Come, study in India”. "Come, innovate in India”, "Come, research in India”, "Come, design products in India”, "Come, Get well in India”. "Come, partner with India”. His following speech need to be modified accordingly.

"Let's resolve to steer the country to one destination. We have it in us to move in that direction .Come, make in India”, "Come, manufacture in India”. Sell in any country of the world but manufacture here. We have got skill, talent, discipline, and determination to do something. We want to give the world a favourable opportunity that come here, "Come, Make in India” and we will say to the world, from electrical to electronics, "Come, Make in India”, from automobiles to agro value addition "Come, Make in India”, paper or plastic, "Come, Make in India”, satellite or submarine "Come, Make in India”. Our country is powerful. Come, I am giving you an invitation.”   Narendra Modi. Narendra Modi need not invite the world itself will come to India.

Mr Modi, always endearingly, admitting that"He may not a big economist" but India has many biggest economists like Dr Manmohan Singh and he forget to mention about facts..Mr Modi, endearingly, admitted in his speech "I am not a big economist" while urging investors not to think of India only as a big emerging market, but also as a place for production. As he suggests, achieving that requires progress in a host of areas. He spoke of an urgent need for skills development as far too many of India's youngsters are poorly prepared for globally competitive work (though that is a huge mission, since it means fixing a rotten school and university system) and identifying 21 clusters for industrial development. He spelt out how infrastructure would improve (but not where massive capital to fund that will come from). Laudably, he emphasised the need to make India a far easier place to do business by scrapping red-tape and oppressive rules, mentioning a recent meeting he reportedly had had with the World Bank to discuss India's awful ranking--134th--on its annual "ease of doing business" assessment. Mr Modi thinks India should aim to be ranked much higher, quickly, in the top 50 countries.The Launch of the 'Start-Up India' movement on the 16th of January in New Delhi. The event was aimed atto celebrate the entrepreneurship spirit of India's youth and was attended by CEOs and founders of top start-ups from across the country. Referhttp://www.makeinindia.com/ ..

According to press reports, There seems to be a significant skill gap in the country as 80% of the engineering graduates are "unemployable," reportedly says a report, highlighting the need for an upgraded education and training system. Educational institutions train millions of youngsters but corporate often complain that they do not get the necessary skill and talent required for a job. According to Employability Report, which is based on a study of more than 1,50,000 engineering students who graduated in 2015 from over 650 colleges, 80% of the them are unemployable. "Engineering has become the de-facto graduate degree for a large chunk of students today. However, along with improving the education standards, it is quintessential that we evolve our undergraduate programmes to make them more job centric," Now that we are planning to manufacture everything in India why not extend these thoughts to the medium of education as well. It is a known fact that India is a hub of engineers and doctors. We are a storehouse of talented and energetic youth. Then why should these valuable resources look out to other countries for education? Why not equip India with the things that attract these students to universities abroad. Make in India, which as of now is just focusing on the manufacturing and business aspect, should also include education. Our next motive obviously should be- Make Education in India.

The things reportedly acting as a crowd puller for Indian students who go abroad are listed below. India should make it a point to provide all these facilities to students so that we can reduce the export of talent and increase its import from the other countries. The change then has to begin in the schools. Mere slogans or late-stage government intervention will not result in Make in India and Start Up India.Despite knowing where the problem lies in change in education system , India is yet to free itself from the stranglehold of textbook mastery , in an education system . Online education with lab only colleges is need of the hour. The day you visit a school and find students hunched over devices and contraptions, equipment and appliances, rather than just textbooks and notebooks, is the day Make in India would have started up.