RIL amid lockdown: Salary reduction

Reliance Industries’ chief Mukesh Ambani has agreed to forgo all his remuneration, while RIL’s board of directors, including executive directors, executive committee members and senior leaders, will forgo 30-50 per cent of their compensation.

RIL has also deferred the annual cash bonus and performance-linked incentives that are normally paid in the first quarter.

Employees with compensation of more than Rs 15 lakh will take a 10 per cent reduction in fixed pay.

However, those with less than Rs 15 lakh will have no cut in pay.