7th Pay Commission News: The government has enhanced the maximum gratuity limit from Rs 20 lakh to Rs 25 lakh for employees of BSNL and MTNL who opted for a pension under the combined service framework. The change, effective from January 1, 2024, aligns with the rise in Dearness Allowance (DA) to 50%. After the
Mohit Jain, a 35-year-old IT professional working in Mumbai, receives a call from someone claiming to be a police officer. The caller tells him that his bank account has been linked to a drug smuggling operation. He says a warrant is being issued to arrest Jain. Panicked, he listens to the instructions given by the
Digital Arrest Scam: The National Payments Corporation of India (NPCI), an umbrella organisation for operating retail payments and settlement systems in India, has issued a crucial advisory warning citizens about the rising menace of ‘Digital Arrest’ scams. In these sophisticated frauds, scammers impersonate law enforcement officials to intimidate victims into sharing sensitive information or transferring
OPS Vs UPS: The Centre recently announced the Unified Pension Scheme (UPS), which is expected to cover around 23 lakh central government employees, for those who are presently covered under the National Pension System (NPS). The new pension scheme is expected to be rolled out from April 1, 2025. Despite the UPS announcement, some employee
7th Pay Commission News: The next dearness allowance (DA) revision for central government employees is due in January 2025. However, the announcement in this regard may take some time as the government will wait for the All-India Consumer Price Index (AICPIN) numbers till December month to reach a final calculation for DA revision. When will
The Unique Identification Authority of India (UIDAI), the body responsible for issuing Aadhaar, has extended the free online document upload facility until June 14, 2025, providing relief to millions of Aadhaar holders. The deadline for this free service was initially set for June 14, 2024, then extended to September 14, 2024, and once again to
Many people invest in the real estate sector with the sole purpose of selling their property in the future to quickly arrange a large sum of money when needed. This financial need could be for a child’s wedding, education, health, or medical expenses. However, two properties in the same area and with similar locations often
Individuals suffering from diabetes can now get health insurance coverage from the first day after paying a rider premium. These special plans do not have the usual three-year waiting period for both type 1 and type 2 diabetes and cover those with high HbA1c levels up to 10 or those even on insulin therapy, depending
With the benchmark indices slipping more than 15% and broader indices over 20% in less than six months, there is a palpable sense of fear among first-time mutual fund investors. And, there is good reason for this. Nearly 60% of the mutual fund plans – 131.3 million MF folios out of the total of 229.1
Suzlon on Tuesday said it has got a third order of 204.75 MW from Jindal Green Wind 1, a subsidiary of Jindal Renewables. This partnership is also now Suzlon’s largest Commercial & Industrial (C&I) order with a cumulative capacity of 907.20 MW. Earlier, Suzlon secured two orders to power Jindal Steel’s plants in Chhattisgarh and
Coforge has signed a 13-year partnership contract worth approximately $1.56 billion with US-based Sabre Corporation, a travel technology company. The agreement aims to strengthen the existing collaboration between the two firms, enabling Sabre to enhance its product roadmap and accelerate the delivery of AI-enabled solutions. Speaking on the partnership, Sudhir Singh, CEO & Executive Director
Overall improvement in demand sentiment and green shoots of recovery visible in the urban areas are likely to ease the pains of FMCG companies from the January-March quarter, according to industry experts. However, they noted that commodities like coffee, tea, and cocoa continue to face inflationary pressures and will require close monitoring. ALSO READDeepinder Goyal’s
The fourth quarter of the current fiscal year is expected to see a record Rs 60,000 crore launches of projects by top listed developers. This is a substantial increase from the Rs 24,000 crore worth launches in the corresponding period of the previous year. A recent report by Kotak Institutional Equities attributed the sharp increase
