The US has imposed sanctions on 19 Indian companies and two citizens. The US says these companies had helped Russia in the fight against Ukraine. The US has imposed sanctions on about 400 companies and people from many countries. Apart from India, these include companies and citizens from China, Malaysia, Thailand, Turkey and UAE. According to media reports, Vivek Kumar Mishra and Sudhir Kumar, directors of Delhi-based company Ascend Aviation, have been banned. The US State Department has also given detailed information about the allegations leveled against four Indian companies.

These include Ascend Aviation India, Mask Trans, TSMD Global and Futrevo. The US State Department alleges that Ascend Aviation sent more than 700 shipments to Russian companies between March 2023 and March 2024. These included Common High Priority List (CHPL) items worth more than $200,000. Similarly, Mask Trans is accused of supplying CHPL items worth more than $300,000 to Russia between June 2023 and April 2024. TSMD Global has been accused of supplying CHPL items worth $430,000 to Russia.

What are the charges

Similarly, the US State Department has accused the Indian company Futrevo of supplying CHPL items worth $1.4 million to Russia. These include electronic components. These items were supplied between January 2023 and February 2024. This is not the first time that the US has imposed sanctions on Indian companies. Earlier in November last year, Si2 Microsystems was also banned. The company was accused of supplying integrated circuits of American origin to the Russian military.

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Companies in the country can increase the salaries of employees by 10.4 percent in the year 2023 amid expectations of strong performance in their business. According to the latest survey of wage growth in India by global professional services company AON Plc, salaries are expected to increase by 10.4 percent during 2023.

This figure is higher than the estimate of 9.9 percent increase in February salaries. At the same time, there was an increase of 10.6 percent in the salary during 2022. Under the study, data of 1,300 companies from more than 40 industries in the country has been analyzed. It said that the job loss rate in the first half of 2022 stood at a high of 20.3 percent. Therefore, there is pressure on companies to increase salaries.

This rate is less than 21 percent in the year 2021. According to the survey, this trend is likely to continue for the next few months. R Choudhary, Human Capital Solutions Partner, Aon in India said, “Despite global challenges and high domestic inflation, India’s projected wage growth in 2023 will be in double digits.

The post Good News: Companies can increase your salary fiercely next year, see how much will increase first appeared on Rightsofemployees.com.