The Reserve Bank on Wednesday increased the benchmark lending rate by 40 basis points (bps) to 4.40 per cent in a bid to contain inflation, which has remained stubbornly above the target zone of 6 per cent for the last three months. The decision follows an unscheduled meeting of the Monetary Policy Committee (MPC), with all six members unanimously voting for a rate hike while maintaining the accommodative stance. While the inflation has remained above the targetted 6 per cent since January, RBI Governor Shaktikanta Das said the inflation print in April is also likely to be high.
CAT is worth a watch, recommends Deepa Gahlot.
The Reserve Bank of India on Friday decided to keep benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance even as the economy is showing signs of recovery after the second Covid wave.
The stage is set for the inaugural edition of the Women's Premier League, which will get underway in Mumbai on Saturday.
The Reserve Bank of India on Wednesday kept the benchmark interest rate unchanged at 4 per cent and decided to continue with its accommodative stance against the backdrop of concerns over the emergence of the new coronavirus variant Omicron.
'Welfare schemes are not a necessary evil, they are a necessary good.'
Indigo remains the leader with market share of 27.8 per cent.
Avante garde stylist and accessories designer Shilpa Chavan showcased her line of kicky fashion add-ons to perk up a white shirt!
These women never not impress no matter what they wear.
If you have seen Zwigato, Param Kumar's story will sound familiar. Laid off from his job as a repairman at a Gurugram-based water purifier provider, he now delivers groceries and food for a mobile-based delivery app, in Delhi. Kumar, who started making deliveries last August, told Business Standard that he is working longer hours than his older salaried job as an RO repairman, and has no paid leaves or health insurance. Kumar is part of India's estimated 7.7 million-strong force of gig workers.
The "additional remuneration" includes monthly pay of Rs 1 crore, rent free furnished accommodation, medical expenses for him and spouse along with use of chauffeur driven company car for personal use and coverage under personal accident insurance. He will also be entitled to commission between Rs 30-60 lakh as sitting fees for attending meetings of board and committees of the company for each financial year.
'There are so many advantages when you have somebody like a Paresh Rawal or a Swaroop Sampat as your parents.'
"We expect the government to exempt our employees from paying tax on housing perquisites. On an average, every year our non-executive workers pay about Rs 144 crore to the government on account of such tax. Exemption will motivate our employees, working and living in difficult conditions," said Coal India Ltd Chairman P S Bhattacharyya.
The Cabinet on Friday gave mandate to the 7th Pay Commission for revising salaries of over 50 lakh central government employees and remuneration of 30 lakh pensioners.
'When he was invited on Koffee With Karan, he did not ask for the questions beforehand, like many stars do.' 'Vijay was quite taken aback when Karan launched into a sex discourse.'
Predicting that a worsening fiscal position because of repeated tax cuts would further weaken investor confidence in India, Moody's on Wednesday said now it is for the Reserve Bank of India should to take measures to revive the economy.
Nothing is lost, as far India is concerned. It has braved oil shocks, Asian meltdown, jihadi depredations, insurgencies, insurrections, the works. When they struck, they looked like the end of the world. Can anyone bear to recall with equanimity the baptism in blood of independent India at the time of its birth, the massacre of the millions and the influx of refugees and their settlements all over North India and in West Bengal?
'We have to be fully prepared and ready ourselves for the coming challenge,' she said.
The Lok Sabha has passed the Salary, Allowance and Pension of Members of Parliament (Amendment) Bill.
Last year, the teenager was ranked 338 in the world when she received a wildcard and she reached the last-16 against all odds
Mohammed Nasheed, sentenced to 13 years in jail under anti-terrorism laws, will have a furnished air-conditioned prison.
Mirroring the increase in the earnings of their companies, the chief executives and promoters of India's top listed firms gained handsomely from the boom last financial year. Their remuneration includes salaries, perquisites or perks, and profit-linked commissions.
The HAL said its offer was reasonable, fair and in conformity with the wage agreements finalised by other Defence PSUs.
Reserve Bank of India (RBI) on Friday kept the benchmark interest rate unchanged at 4 per cent and decided to continue with its accommodative stance despite rising inflation. This is the 11th time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained the status quo. RBI had last revised its policy repo rate or the short-term lending rate on May 22, 2020 in an off-policy cycle to perk up demand by cutting the interest rate to a historic low.
Images from Day 5 of the 2023 Wimbledon Championships on Friday.
The credit card is a perquisite for which you don't pay tax. Which are the other ones? Find out. . .
As large-scale layoffs begin at Facebook's parent company Meta, employees on work visas such as H-1Bs are now faced with uncertainty over their immigration status, with CEO Mark Zuckerberg acknowledging "this is especially difficult if you're here on a visa" and offering support to those impacted. Meta announced that it is laying off 11,000 employees or 13 per cent of its workforce, with Zuckerberg describing it as "some of the most difficult changes we've made in Meta's history." US-based technology companies hire a large amount of H-1B workers, the majority of whom come from countries such as India.
Disgruntled Janata Dal-United leader Upendra Kushwaha on Monday resigned from Chief Minister Nitish Kumar's party, less than two years after returning to the party, and announced formation of the 'Rashtriya Loktantrik Janata Dal'.
A vistarak is assigned to convince voters of the 'far-reaching benefits' of the schemes and doles handed out by the Centre and the UP government.
Finance Minister Nirmala Sitharaman is scheduled to address the post-budget meeting of the RBI's central board on Monday and highlight key points of the Union Budget 2022-23, including the fiscal consolidation roadmap and high capex plan. It has been a custom that the finance minister addresses the RBI board, consisting of RBI Governor and existing four deputy governors, after the Budget. The meeting has been scheduled for February 14 where she would be addressing the board members and talk about announcements made in the Budget to perk up growth hit by three waves of COVID-19, sources said.
Measures that quickly boost demand and increase employment are needed to push up growth. Moreover, without announcing new planss, the government should strengthen schemes such as PM KISAN, MNREGA and programmes to build rural roads.
The Centre had told the apex court that the entitlement of former MPs to get pension and other benefits was "justified" as their dignity has to be maintained.
Actress Gautami Kapoor makes her comeback with Zee TV's new show, Khelti Hai Zindagi Aankh Micholi.
As per ITC's 'Report and Accounts 2019' filed at bourses, Puri's remuneration includes a basic salary of Rs 1.44 crore along with perks of Rs 40 lakh and performance bonus of Rs 4.32 crore.
Interning with a big brand allows you to interact with experienced professionals from different departments of the company.
The Rings of Power has a visual distinction and vibe entirely of its own, observes Sukanya Verma.
A special bench of the Delhi Income Tax Appellate Tribunal has ruled that the income tax that an employer pays on behalf of its employee is a non-monetary benefit in kind and, therefore, exempt from tax.
The global snacking powerhouse, has roped in a brand ambassador for Perk.
