In a path-breaking decision with far-reaching socio-economic impact, the Centre has allowed woman employees to nominate her son or daughter for family pension, instead of her husband, according to an official statement issued on Monday.
A nationwide strike called by trade unions to protest against the central government's labor policies had a mixed impact across India. While normal life remained largely unaffected in most parts of the country, some sectors like banking, transport, and insurance experienced disruptions. Sporadic incidents of violence were reported in West Bengal.
Let's work flat out and create a policy framework that fosters the growth of Indian non-family business VC and private equity firms. This will allow our Indian startups' dreams to flourish, explains Ajit Balakrishnan.
'Younger employees, who tend to have a higher risk appetite, will find NPS advantageous due to the potential gains from equity markets over time.'
'Employers increasingly want candidates who can take AI pilots from proof-of-concept to production-ready systems.' 'That requires governance, monitoring, and ROI measurement -- skills that go beyond coding and into business impact.'
Ask rediffGURU Reetika Sharma your insurance mutual fund and personal finance-related questions.
Several parts of Mumbai received heavy rainfall in the last 24 hours, with Vikhroli reporting the highest downpour. The IMD reported significant rainfall in various areas of the city.
The ruling party MLA from Vijayanagara suggested that the election guarantees have made it difficult to provide houses to the poor in the state.
Singh said that about 150 people including women and forest, revenue and other officials were present at the time of the incident, and if the officials were assaulted, "why are there no eyewitnesses".
If gratuity is not paid within 30 days of termination, the employer must pay interest as set by the central government.
The Union Cabinet chaired by Prime Minister Narendra Modi approved the 5 per cent additional DA/DR (dearness relief) over the existing rate of 12 per cent of the basic pay/pension due in July 2019, the government said.
Heavy rains caused severe waterlogging, traffic jams, and disruptions to local train services in Mumbai. Schools and colleges were closed due to a 'red alert' issued by the IMD.
Nasscom on Monday said the US clarification that the H-1B visa fee hike will not affect current visa holders and will apply as a one-time fee only to fresh petitions has helped address the immediate ambiguity surrounding eligibility and timelines.
In order to ensure clean working space, the government on Tuesday decided to weed out confidential reports of select categories of retired employees after normal retention period of about 5 years.
Why did the political system in the country react to these two decisions of the Modi government in a diametrically opposite manner? asks A K Bhattacharya.
The 'restore old pension' campaign is being spearheaded by the National Movement for Old Pension Scheme (NMOPS), a federation with over 13 lakh government employees as its members.
The textile and apparel sector is India's second-largest employment provider, after agriculture, and it is now caught in a wave of uncertainty following the Donald Trump administration's tariff policy.
With the rise of wellness tourism and experiential travel, specialised jobs are being created in spa management, event planning and local experience curation, besides social media management.
A retired school headmaster from Jhalda, West Bengal, mourned the loss of his 33-year-old son, an Intelligence Bureau officer, who was killed in a terrorist attack in Pahalgam, Kashmir. The incident sparked outrage and calls for justice as families and political leaders expressed grief and condemned the attack. The victims' families recounted the horrifying details of the attack and praised the courage of a local taxi driver who rescued survivors and provided support.
The Trinamool Congress on Friday accused the Bharatiya Janata Party of spreading lies and criminalising poverty over the detention of Bengali-speaking migrant workers in Odisha, while the saffron party charged the Mamata Banerjee dispensation with providing shelters to illegal immigrants.
The move comes after the government received a number of queries in this regard.
'Vigilance' is a dreaded term for PSB employees and there are instances where this fear is misused by the higher authorities to tame their subordinate officials. This fear always deters PSB executives from making decisions -- the fewer the decisions, the less the chance of falling into trouble, points out Tamal Bandyopadhyay.
The government on Wednesday decided to give Rs 3,737 crore bonus to 30.67 lakh central government employees to encourage spending during the festival season and add to demand in the economy.
'Any employee going on strike in any form would face the consequences which, besides deduction of wages, may also include appropriate disciplinary action.'
The Enforcement Directorate (ED) has alleged that Chaitanya Baghel, son of former Chhattisgarh chief minister Bhupesh Baghel, handled over Rs 1,000 crore worth of proceeds from a liquor scam and used Rs 16.7 crore for his real estate project.
'It would be reasonable to assume that Modi 3.0 would be more focused on projects and schemes which do not require any legislative change or which have the support of its coalition partners,' asserts A K Bhattacharya.
Just a few days after the release of his OTT film, Detective Sherdil, Diljit Dosanjh announced the release of his new Punjabi film, Sardaar Ji 3.
'AI analyses body language, etiquette, and communication skills, providing an in-depth performance matrix and a ranking system to help employees identify areas of improvement.'
The Centre on Tuesday asked all its employees aged 45 years and above to get themselves vaccinated to effectively contain the spread of COVID-19.
'The Railways is today running train services with 30% less number of loco pilots.'
With its age-old fascination for education, southern states have done better than the North. Start-ups, IT hubs, and industry majors setting up shop have changed the face of the South. Nearly 79% of global offices set up by international conglomerates in India are in the South. Almost 46% of tech unicorns are from the South. The GDP per person in the South is 4.2 times higher than the North. None of these indicators can be ignored by any central government, whatever the political compulsions, notes Ramesh Menon.
Markets regulator Sebi on Wednesday barred former CEO of IndusInd Bank, Sumant Kathpalia, and four other senior officials from accessing the securities markets in connection with an alleged insider trading in the bank's shares. In addition to the market ban, Sebi has impounded Rs 19.78 crore collectively from the five individuals, according to an interim order passed by the regulator.
Although the government has yet to act upon the Second Administrative Reforms Commission's recommendations to reduce staff holidays, central government employees, outside Delhi, will have just 6 holidays in 2010.
Yoga sessions will be organized for central government employees and their dependents by the 'Grih Kalyan Kendra', a welfare society working under the aegis of the Centre.
Congress leader Udit Raj criticized party colleague Shashi Tharoor for his reported remarks that India breached the Line of Control (LoC) for the first time during the 2016 surgical strike on a terror base, saying he should be declared a "super spokesperson of the BJP". Raj argued that India had crossed the LoC in 1965 and 1971, and that the UPA government had also conducted surgical strikes. Tharoor had reportedly said that India breaching the LoC to conduct a surgical strike was "something we had not done before". This is not the first time Raj has criticized Tharoor for his comments on India-Pakistan relations. Last month, Raj had hit out at Tharoor for his reported "no country has 100-per cent foolproof intelligence" remarks, questioning how Tharoor could be giving the BJP a "clean chit" on the Pahalgam terror attack. Tharoor had hit back at Raj, saying the latter is a former BJP MP and "is better qualified to understand who speaks for the BJP".
The long-pending issue of providing central government employee status is expected to be the main agenda of the GoM, which is possible only through an amendment of the Prasar Bharati Act. According to Prasar Bharati sources, it is being speculated that the August 22 meeting will be the last one of the GoM since the United Progressive Alliance government is already in poll mode.
The government on October 12 announced the LTC cash voucher scheme under which central government employees can purchase any goods or services with GST rate of 12 per cent or above to avail the benefit.
The Jammu and Kashmir administration has neither accepted nor rejected the demand but the protest had to be suspended as stopping of salaries is 'choking us financially', protesters affiliated to the All Migrant (Displaced) Employees Association Kashmir (AMEAK) said.
The Unified Pension System (UPS), approved by the Union Cabinet on Saturday, is "fiscally prudent" as it will be funded within the Centre's fiscal projections, according to T V Somanathan, the Cabinet Secretary-designate. Speaking to Business Standard immediately after the Cabinet nod, former finance secretary Somanathan, who headed the committee set up in March 2023 to review the National Pension System (NPS), said the UPS will not postpone pension expenditure as it will be contributory and financed each year.
Taxpayers have been advised to file accurate particulars of their income and contact details, and not to fall prey to agents or intermediaries promising undue refunds.
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