The Economic Times

Rs 80 LPA job offer, but Rs 40 lakh is 'kidnapping insurance': Podcaster shares IIM placement anecdote with 'ransom cover'

An IIM Calcutta placement story has gone viral, revealing an Rs 80 LPA offer where Rs 40 lakh was designated as 'kidnapping insurance' for an employee working in Africa. This highlights the significant disparity between advertised Cost to Company (CTC) figures and actual take-home salary, sparking widespread debate and amusement online.