DA 4 PERCENT INCREASE
North Korea says its recent missile tests involved new ballistic missile with 'super-large warhead'
North Korea announced Tuesday the successful test-firing of a new tactical ballistic missile, named Hwasongpho-11Da-4.5, capable of carrying a 4.5 ton-class "super-large warhead." The test aimed to verify flight stability and accuracy, with a range from 90 to 500 kilometers. South Korea reported two missiles launched, with differing flight paths: one reaching 600 kilometers and the other 120 kilometers. North Korea plans further tests in July. These developments follow heightened North Korean military activities since 2022, focusing on expanding its nuclear-capable arsenal amid regional tensions with the U.S., South Korea, and Japan.
Mahindra sales rise 11 pc to 69,397 units in June
Mahindra & Mahindra reported an 11 percent increase in wholesales year on year for June, totaling 69,397 units. The company's total dispatches to dealers reached 62,429 units in June 2023.
Politically correct stocks: Government push on increasing rural income may act as tailwind for these 4 stocks
While the government’s decision to push for policies which help in increasing rural incomes has been in place for some time. But given the fact that any change in the rural income matrix is a time consuming process, there can be a mismatch of expectations and times. There is a high probability that in the coming years there could be more policy push to increase rural incomes. Yes, the reason could be that the government wants to get its political capital back. Whatever might be the reason, the stakeholders of the systems are likely to be benefited. Now traditionally we think it is agriculture which will be the focus, but there is more to the rural economy, beside agriculture. We take a look at 4 companies where fortunes are tied to agriculture and other parts of the rural income.
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.
Karnataka hikes petrol, diesel prices by Rs 3 per litre
The Karnataka government has announced a sudden increase in petrol and diesel prices due to a revision in sales tax. Petrol price has risen by Rs 3 to Rs 102.84 per litre, while diesel price has increased by Rs 3.02 to Rs 88.95 per litre. The Petroleum Dealers Association attributes the hike to the state government's sales tax revision. The Finance Department of Karnataka aims to boost state revenue with this move.
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
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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.
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.
Average increase of 43% in assets of 324 MPs recontesting LS polls: ADR analysis of last 5 years
A poll rights body has reported an average increase of 43% in the assets of 324 MPs who have re-entered the Lok Sabha elections in the last five years. The average assets of these MPs in 2019 were around Rs 21.55 crore, while in the current electoral cycle, the average asset value has increased "significantly" to Rs 30.88 crore, marking an increase of Rs 9.33 crore over the past five years. The Association for Democratic Reforms (ADR) analysed the financial growth among Members of Parliament (MPs) recontesting in the 2024 general elections.
Puravankara Q4 Results: Loss narrows to Rs 7 crore YoY; revenue shoots up 112% YoY
The firm has launched 12 projects with a saleable area of 9.47 million square feet, reinforcing its expansion into high- potential micro-markets for the fourth quarter (Q4FY24) ending March 31, 2024.
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%.
Nestle India shareholders vote against increase in royalty to Swiss parent
Shareholders of Nestle India Ltd have turned down the company's proposal to raise the royalty payout to its Swiss parent. The resolution did not pass, with 57% of its shareholders voting against the plan, the packaged foods maker said in a stock exchange filing on Friday. The proposal was to increase the royalty by 0.15% of sales for each year over a duration of five years.
Indian Overseas Bank Q4 Results: Net profit zooms 24% YoY to Rs 808 crore
Chennai-based Indian Overseas Bank reported a 24% increase in net profit for the quarter ended March 2024 on higher interest income. Net profit for the quarter was Rs 808 crore as against Rs 650 crore for the quarter ended 31st March 2023.
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.
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.
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.
Rajasthan govt cuts VAT on petrol, diesel; hikes DA of employees by 4%
Rajasthan govt reduces fuel VAT by 2%, aligns dearness allowance with Centre. Effective Friday, Rs 1500 crore burden. 50% dearness allowance from Jan 1, 2024, benefiting 4.40 lakh pensioners.
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
Govt approves 4% hike in Dearness Allowance for govt employees at cost of Rs 12,869 crore per annum to exchequer
The Union cabinet has approved a 4% increase in Dearness Allowance (DA) for Central Government employees and Dearness Relief (DR) for pensioners starting January 1, 2024. This will increase the total exchequer by 50%, benefiting approximately 49.18 lakh employees and 67.95 lakh pensioners.
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.
Cabinet okays 4% DA hike for staff; outgo pegged at ₹12,900 crore
The union cabinet approved an additional instalment of 4% DA and DR for central government employees and pensioners effective from January 1. This would benefit over 10 million employees and 6.79 million pensioners, with a combined impact on the exchequer of Rs 12,869 crore per annum.
DA Hike: Central govt employees, pensioners likely to get 4% DA, DR hike soon; when to expect, know salary calculation
7th Pay Commission DA Hike Update: The dearness allowance for central government employees is calculated based on the latest Consumer Price Index for Industrial Workers (CPI-IW). The Union government usually revises the dearness allowance twice a year — in January and July. The announcement of an increase in DA generally comes in March. With 4% DA hike, how much will the salary of central government employees increase? Check full calculation here
Uttarakhand govt increases dearness allowance of employees, pensioners to 46 pc
Uttarakhand Chief Minister Pushkar Singh Dhami has given approval to the State Finance Department's order for a 4% increase in dearness allowance (DA) for state employees and pensioners. This means that employees in the state will now receive a DA of 46%, up from the previous 42%. The announcement regarding this increase was made by the Uttarakhand government on December 31, 2023, according to an official release.
7th Pay Commission: Dearness allowance (DA) hike in news again; 4% increase expected
DA hike by 7th Pay Commission: DA is an amount paid to employees as part of salary to make up for inflation. When a hike is effected, it raises their salary. Dearness relief (DR), on the other hand, is an amount paid to pensioners under the same principles.
DA Hike: DA, DR hiked by 4% for central govt employees, pensioners; how much salary will increase
DA hiked by 4% for central govt employees: DA for central government employees and pensioners have been hiked by 4%, effective from July 1, 2023. At present, the central government employees and pensioners get a 42% dearness allowance. After the latest hike, DA will jump to 46%. Know how much salary will increase for central government employees and pensioners.
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