The Insurance Regulatory and Development Authority of India's (Irdai) recent actions against insurers for breaching expense of management (EoM) limits indicate a serious commitment to enforcing operating and distribution cost controls, according to industry experts.
Prime Minister Manmohan Singh has approved composition of the 7th Pay Commission, which will revise the salaries of over 50 lakh Central government employees.
The setting up of the Commission, whose recommendations will benefit about 50 lakh (5 million) central government employees, including those in defence and railways, and about 30 lakh (3 million) pensioners, comes ahead of the Assembly elections in 5 states in November and the general elections next year.
The Pay Commission is an administrative system/mechanism that the government of India set up in 1956 to determine the salaries of government employees. The First Pay Commission was established in 1956, and since then, every decade has seen the birth of a commission that decides the wages of government employees for a particular time-frame.
'Once you're wrestling with making a merger of that scale value-accretive, you're also under pressure to keep growing the balance sheet and chasing liabilities, and other things start to slip as a consequence.'
Taking suo motu cognisance of the incident in which three murder accused were tied to the bonnet of a police vehicle and paraded through parts of Pune, the Maharashtra State Human Rights Commission has issued notices to the state government and senior police officials.
Police officers, criticising the recommendations of the sixth Pay Commission have told the government that the commission has overlooked the fact that the threats to internal security are perhaps more recurrent and damaging today than actual threats of aggression from external enemies. IPS officers have also criticised the commission for not only maintaining, but increase the edge that is given to IAS officers over them.
Cabinet Secretary and Secretaries to be kept in distinct pay scales at Rs 90,000 and Rs 80,000 a month, respectively.
Employees of Mumbai's BEST undertaking have launched an indefinite strike, severely impacting public transport and electricity services. The strike, called by a joint action committee, demands budget merger with BMC, settlement of dues, and implementation of the Seventh Pay Commission, among other issues. Despite court orders and MESMA invocation, the strike continues, causing widespread inconvenience to millions of commuters and electricity consumers.
The administration has sounded a high alert in Maharajganj and Kushinagar districts of Uttar Pradesh, while stepping up the monitoring of the Gandak and other water bodies downstream of rivers in Nepal, following devastating flash floods in the neighbouring country that have killed more than 350 people and left thousands missing.
A Mumbai consumer court has directed Flipkart and its seller to refund over Rs 1.11 lakh to a customer who received beard growth oil instead of an Apple iPhone, and to pay an additional Rs 70,000 in compensation and litigation costs, citing "unfair trade practice" and "deficiency in service."
The government may defer the implementation of the sixth Pay Commission award by a year or even two to reduce the fiscal burden of the recommendations that proposed a 28 per cent across-the-board salary increase for an estimated 4.5 million central government employees. The report of the commission headed by Justice BN Srikrishna was submitted to the government on March 24 this year, nearly a fortnight before its 18-month tenure was to end.
The Supreme Court will consider the Centre's plea for clarification on the applicability of its March 11 judgement regarding OBC creamy-layer criteria for the Civil Services Examination (CSE) 2025. The government highlights practical difficulties and potential unequal treatment of candidates if the ruling is applied retrospectively, as the CSE 2025 selection process concluded before the verdict. The Department of Personnel and Training (DoPT) seeks to proceed with service allocation based on the pre-March 11 criteria to avoid disruption to training schedules and ensure fairness for candidates.
Investments under the framework would remain voluntary for employees.
The Supreme Court has agreed to constitute a special bench to address the Centre's plea regarding the applicability of its March 11 judgment on OBC creamy-layer criteria to candidates of the Civil Services Examination (CSE) 2025. The Department of Personnel and Training (DoPT) seeks to proceed with service allocation for 958 recommended candidates based on the creamy-layer determination applied before the verdict, citing potential unequal treatment and disruption to training schedules.
High fees do not automatically translate into better teaching or stronger clinical exposure, points out Nayagam PP, career counsellor and founder of EduJob360.
Villages along the Uttar Pradesh-Bihar border are on high alert following devastating flash floods in Nepal, with authorities monitoring the Gandak River for potential downstream surges and the NDRF deploying 20 teams for preparedness.
The Brihanmumbai Electric Supply and Transport (BEST) undertaking arranged special bus services for students appearing in the NEET re-examination in Mumbai, deploying 60 buses on 24 routes for approximately 180 trips, despite an ongoing strike by its employees that has paralysed public transport.
Three FIRs have been lodged against 39 named and more than 900 unnamed people in connection with clashes that broke out between the police and protesting job aspirants in Jharkhand's Giridih and Hazaribag, officials said on Sunday.
Many claim disputes arise not because the insurer refuses to pay but because policyholders don't know the claim process, miss important documents or misunderstand what their policy covers.
Rahul Kranti, a 40-year-old protester, is on a hunger strike in Jharkhand, demanding the cancellation of all state-level recruitment exams conducted by JPSC and JSSC since 2019 and a CBI and ED probe into alleged irregularities. He claims to have cleared several exams but remains jobless due to corruption.
The government on Monday made it clear that it does not propose to tinker with the existing mechanism of setting up Pay Commission for revision of wages for central government employees
India Inc has welcomed the Sixth Pay Commission report that suggested an average increase of 40 per cent in salaries of central government employees and said the move will not lead to a rise in inflation and revenue deficit of the government. Industry body Ficci said the pay hike would not add to inflationary conditions and revenue deficit due to buoyant revenue collections. Also, Ficci said the hike would reduce the problem of governance and attract talented personnel.
The International Olympic Committee mourns the death of veteran Indian sports administrator Randhir Singh, recognising his significant contributions to the Olympic Movement.
The recommendations will cost the government Rs 1,02,000 crore.
Traffic between Assam and Meghalaya was disrupted after Guwahati-based cab operators blocked National Highway-27, protesting alleged attacks on people from Assam during a Khasi Students' Union (KSU) rally in Shillong, which saw 31 vehicles damaged and several pedestrians assaulted.
BEST employees continued their strike in Mumbai for a second day, causing significant disruption to public transport despite appeals from the Maharashtra Transport Minister and the invocation of MESMA. Commuters were forced to rely on alternative, overcrowded transport options, while the striking unions maintained their demands for budget merger, improved pay, and absorption of contractual workers.
The Cockroach Janta Party has extended its support to students protesting in Jharkhand over alleged irregularities in JPSC, JSSC CGL, and various other competitive exams.
Adani Group has agreed to pay USD 275 million to settle allegations of violating US sanctions on Iran. The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) acknowledged the Indian conglomerate's extensive cooperation and proactive disclosures during the investigation.
The International Olympic Committee mourns the death of veteran Indian sports administrator Randhir Singh, recognising his significant contributions to the Olympic Movement in India, Asia, and worldwide.
Tata Sons has the balance sheet to support them, for now.
The Uttar Pradesh Public Service Commission (UPPSC) announced the final results of the Combined State/Upper Subordinate Services Examination 2024 (UPPSC 2024) late Sunday night.
Verify a content creator's Sebi registration, qualifications and certifications before acting on their advice.
Despite BEST employees calling off their indefinite strike, Mumbai's bus services remained significantly below normal on Monday morning, with only 57% of the scheduled fleet operational. Commuters experienced long waits, leading many to seek alternative transport. The strike ended after an agreement with Deputy CM Eknath Shinde, which included interim pay hikes and commitments for future improvements and clearing dues.
Understanding a product and assessing its suitability improve the chances of staying invested. Use life insurance mainly to cover risk, not to seek returns.
Be aware of a set of costs that never appears on a college's fee page. They sit as clauses near the end of the state counselling body's prospectus and, in many states, not even there, warns Ashok Hegde, founder, neet2seat.
Job aspirants in Jharkhand are protesting alleged paper leaks in PSC and other recruitment exams, demanding an independent inquiry by retired high court judges from outside the state. They have lost faith in the ongoing CID investigation, citing past failures, and threaten to intensify their agitation if their demands for a CBI or independent judicial probe are not met. The protests have garnered support from various organisations, with one leader on an indefinite hunger strike.
'I am now driving an electric vehicle. I have lost faith in petrol-run cars.'
Udhayanidhi Stalin, was detained by police following alleged derogatory remarks against actor Trisha, which he dismisses as a 'fake narrative'.
There shall be two dates for grant of increment - January 1 and July 1 every year
