DA
DA hike latest update: Will central govt employees, pensioners get 18-month DA arrear? PM gets a proposal
7th Pay Commission Dearness Allowance Latest Update: Dearness allowance is a component of salary of the government employees and pensioners. It was introduced to help government employees cope with rising inflation. Will the central government employees and pensioners get arrears for the dearness allowance (DA) and dearness relief (DR) suspended for 18 months during the COVID-19 pandemic? Prime Minister has received a proposal. All you need to know
US Treasury finalises new crypto tax reporting rules
The new tax reporting requirements for crypto brokers aim to improve accuracy, ensuring that crypto owners pay the tax owed on digital asset transactions. The rules will help simplify reporting and may lead to additional IRS regulations for non-custodial brokers in the future.
8th Pay Commission: 'New proposal to set up 8th Pay Commission immediately to increase basic, DA of central govt employees'; what is the due date of 8th CPC?
8th Pay Commission Latest Update: The National Council (staff side, Joint Consultive Machinery for central government employees) urge formation of 8th Pay Commission citing rising inflation and increased revenue of the Centre. In a letter to the Cabinet Secretariat, Shiv Gopal Mishra, Secretary, National Council (staff side, JCM) claimed a gap exists between Dearness Allowance (DA) and actual price rise. He pointed to a doubling of government revenue since 2015 and decreased workforce as reasons to justify higher pay, allowances, and pensions of the central government employees.
DA hike for bank employees: Dearness allowance from May to July 2024 announced; latest update on 5-day bank workweek
DA hike for bank employees: Dearness allowance will be 15.97% for May, June and July 2024 for the bank employees. The calculation of dearness allowance for bank employees was revised early this year. A new pay scale has been constructed for the employees of the public sector banks after merging with DA earlier. What will change in dearness relief for the pensioners of PSU banks? What is the latest update on the 5-day work week of the PSU banks? All you need to know
Sikkim govt nod for 4 pc DA hike
The Sikkim government has approved a four per cent hike in dearness allowance for employees and pensioners, effective from July 1, 2023. This decision was made during the first cabinet meeting of the new Sikkim Krantikari Morcha government, chaired by Chief Minister Prem Singh Tamang. The increase brings the total dearness allowance to 46 per cent, costing the state exchequer Rs 174.6 crore this financial year.
DA hike: Will basic pay of central govt employees, pensioners increase as DA, DR touch 50%, as per the 7th Pay Commission?
DA hike latest news update: There have been speculations about a possible hike in basic pay for central government employees and pensioners in July 2024 as dearness allowance (DA) and dearness relief touch 50%. Usually, the DA and DR of the central government employees and pensioners increase from July. Are central government employees and pensioners looking for a hike in basic pay from July 2024? ET Wealth Online spoke with various experts to understand the regulations of Pay Commissions and how they will impact the salaries of central government employees and pensioners.
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Germany just launched its new point-based Opportunity Card. The best part? You don't need a job offer or family sponsorship
Germany's new Opportunity Card, also known as 'Chancenkarte,' offers a one-year residence permit for non-EU candidates to search for employment without a permanent contract, attracting skilled workers with simplified entry and job search processes.
7th Pay Commission news: Gratuity limit now hiked for central government employees after Dearness Allowance (DA) touches 50%
DA hike impact: The Center's decision to increase its employees' dearness allowance by 4% to 50% has resulted in significant revisions to other allowances, including retirement gratuity, which is a great benefit for government employees.
Latest on DA hike: 25% increase in gratuity due to dearness allowance hike kept on hold; here’s why
Dearness allowance hike: The EPFO has opted to keep in "abeyance" the retirement and death gratuity increase for workers, which is a blow to those employed by the government and organised sector. In March 2024, the Central government raised the Dearness Relief (DR) and Dearness Allowance (DA) by 4%.
CEO of Brazil's Petrobras steps down after dividend dispute
Petrobras opted not to pay extraordinary dividends to its shareholders earlier this year, souring relations between Petrobras CEO Jean Paul Prates and Brazil's President Luiz Inacio Lula da Silva.
Brazil government announces dismissal of Petrobras chief
Jean Paul Prates, a former state senator and an ally of President Luiz Inacio Lula da Silva, "has been dismissed," a presidential spokesman said.
Death toll from Brazil downpours climbs to 83
The death toll could still substantially increase as 103 people were reported missing on Sunday, up from about 70 the prior day, according to the state civil defense authority. It also said it was investigating whether another six deaths were related to the storms.
QUE announces strategic investment from Shikhar Dhawan; joins as partner, brand ambassador
QUE says that onboarding of Shikhar as an investor, partner, and brand ambassador would play a pivotal role in QUE's trajectory
DA hiked to 50% for central government employees; retirement and death gratuity will increase by this much
Latest on DA hike: The Central government increased the dearness allowance (DA) and dearness relief (DR) by 4% in March 2024. This hike in DA to 50% also increased various components of a central government employee’s salary.
Ten dead, 21 missing after heavy rains in Brazil
At least 10 people have died in floods caused by torrential rains in Brazil's south, authorities said Wednesday, as rescuers searched for nearly two dozen individuals reported missing. Leite said work was continuing to locate the missing even as more heavy rains were forecast.
4% DA hike: These three allowances of central government employees will go up 25% after latest DA hike; check details
The Dearness Allowance (DA) for central government employees was increased by 4% to 50%. Dearness relief (DR) for retirees of the central government has been increased by 4% to 50% to counteract price hikes. This will result in a large increase in salaries of central government employees and pensions of retirees.
Now Mona Lisa may get her own room!
Such a move would give visitors, many of whom visit the Louvre for the iconic painting alone, a better experience, Laurence des Cars told the France Inter broadcaster.
DA hiked to 50%: Now HRA of central govt employees to go up as per 7th CPC; how much will HRA increase, when will you get it?
HRA hike for central govt employees: After DA hiked to 50%, several other allowances including HRA of the central government employees, will also be increased. The 7th Pay Commission recommended that the rates of HRA be revised to 30%, 20%, and 10% of basic pay in X, Y, and Z cities, respectively, when DA reaches 50%. Will the central government release a separate order mentioning the hike in HRA as DA reaches 50% now? How much will the hike be in HRA now? When can central government employees expect the increased HRA? Know here
Halle Bailey lands lead role in Universal's musical directed by Michel Gondry
Halle Bailey, known for her role in "The Little Mermaid," has joined the cast of Universal's upcoming musical film, directed by Michel Gondry and produced by Pharrell Williams. The movie, set in 1977 in Virginia Beach, also stars Kelvin Harrison Jr. and Da'Vine Joy Randolph. It is based on Williams' childhood and will be scripted by Martin Hynes and Steven Levenson. Bailey's addition adds star power to the already exciting project.
DA hiked to 50%: 6 things central government employees should know about latest dearness allowance increase
Dearness allowance (DA) hiked: Here is look at six things to know about the basic pay hike according to an Office Memorandum (OM) released by the Ministry of Finance.
DA, DR hiked to 50%: Will DA, DR automatically merge into basic pay of central govt employees, pensioners now?
DA hike latest news: In a welcome move for central government employees and pensioners, the dearness allowance (DA) and dearness relief (DR) have been increased by 4% to 50%. This decision, effective from January 1, 2024, benefits around 49.18 lakh central government employees and 67.95 lakh central government pensioners. Will DA and DR merge into basic pay for central govt employees, pensioners now? Will the salaries of the central government employees increase now? All the central government employees must know about the recent DA, DR hike.
Assam CM announces 4 pc DA hike for state government employees
Assam CM Himanta Biswa Sarma announced a 4% hike in dearness allowance for state government employees starting from January 1, 2024. He also discussed recruitment plans for Grade-IV employees in schools and a solar panel subsidy scheme. The Union Cabinet approved a similar 4% DA hike for central government employees and pensioners.
CM Naveen Patnaik announces 4% DA hike for Odisha govt employees
Odisha CM Naveen Patnaik increased dearness allowance and relief by 4%, raising it to 50% for state government employees and pensioners. The higher rates will be effective from January 1, 2024, benefiting 4.5 lakh employees and 3.5 lakh pensioners.
DA hiked to 50%, HRA, other components to rise: How much will salary increase for central government employees, pensioners?
What happens when DA reaches 50%? The central government has recently increased dearness allowance by 4%. With this, DA will be hiked to 50% from 46% from the central government employees. Similarly, DR will be increase by 4% to 50% for the central government pensioners. As DA hits 50%, certain other allowances and components will also go up. So, overall take-home salary of the central government employees will increase significantly. How much will salary increase for central government employees, pensioners? Find out here
Arunachal govt announces additional 4 per cent DA for its employees
With this hike, the DA for employees and dearness relief (DR) for pensioners has reached 50 per cent. The state has to spend an additional Rs 124.20 crore per year for this, officials said.
Cabinet likely approves DA hike, LPG subsidy scheme extension: Report
The Cabinet is expected to approve a 4% hike in dearness allowance (DA) for central government employees, according to sources cited by ET Now. This increase will bring DA and dearness relief (DR) to touch 50%. Additionally, the government is likely to extend the LPG subsidy scheme by a year.
Mega salary hike for central govt employees as DA to touch 50%: HRA, gratuity, other components will also go up
If DA hits 50%, certain other allowances and components of the salary — house rent allowance, children's education allowance, gratuity ceiling, daily allowance — will also go up, according to the recommendations of the 7th Central Pay Commission. It will lead to a significant jump in the salaries of the central government employees. How will the central government employees be benefitted if DA touches 50%? Will DA merge with basic pay when it crosses the 50% threshold? Find out here
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