NEW DELHI(PTI): The Central Government June 23 raised the ceiling of Managerial salary from the present Rs,15,000toRs.50,000 per month and removed distinction in salary between Indian and expatriate managerial personnel, The government also deleted the provision for reduction of 10% in salary of managerial personnel in the event of loss or inadequate profits, an official release said. It also removed the ceiling on commission on net profits.
Article extracted from this publication >>July 2, 1993
