The Reserve Bank of India (RBI) has unveiled draft norms for branch authorisation and business correspondents (BCs), introducing a two-tiered classification for BCs and redefining 'banking outlets' to include BC-Banking Outlets (BC-BOs), aiming to expand formal banking presence, particularly in rural areas.
The Union Cabinet on Friday increased the dearness allowance and dearness relief by 4 per cent to 42 per cent to benefit 47.58 lakh central government employees and 69.76 lakh pensioners. The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief will be Rs 12,815.60 crore per annum, I&B Minister Anurag Thakur told reporters after the meeting of Cabinet Committee on Economic Affairs (CCEA).
Infosys on Wednesday reported a one-time exceptional hit of Rs 1,289 crore on account of the impact of the implementation of new labour codes, as India's second-largest IT services firm announced its December quarter earnings.
The Unified Pension Scheme (UPS) adoption rate has risen to over 4.35 per cent, with more than 100,000 people out of 2.3 million eligible individuals opting for it, Pension Fund Regulatory and Development Authority (PFRDA) chairman S Ramann said in an exclusive interview with Business Standard on Monday. He also said that six states had approached the PFRDA for help in adoption of the scheme.
Now govt employees to enjoy greater say in how their NPS corpus is invested. Younger employees should raise their allocation to equities in this very long-term investment instrument
When contacted, Union Minister of State for Personnel Jitendra Singh told PTI that the decision has been taken in view of the "overwhelming" public sentiments.
The State Election Commission on Friday informed the Calcutta high court that it has requisitioned 822 companies of central forces for the July 8 panchayat polls in West Bengal.
'The tragedy underscored 'serious and widespread' weaknesses in the EPFO's monitoring system and its ability to detect and act against defaulting establishments.'
From appointment letters becoming mandatory to gig workers receiving social security to enhanced rights for women and contract labour, the changes reflect India's attempt to balance ease of doing business with stronger worker welfare.
The incident took place around 12:20pm on the arterial LBS Road in front of Johnson and Johnson factory in Mulund area.
The second phase of the Systematic Integration of Rolls (SIR) in West Bengal is causing distress among elderly, disabled, and vulnerable voters, leading to political accusations ahead of the assembly polls.
Farmers with land sizes less than 0.01 hectare have an average annual income of Rs 54732 and annual consumption of Rs 61296, thereby, a debt of Rs 6564 each year. Compare this with the minimum pay for a government employee, says Devanik Saha.
Budget 2026 sticks to fiscal discipline, shuns populist measures despite five key state elections coming up, but ends up rattling stock markets with a higher transaction tax on derivatives trading.
In the fourth such instance, Tamil Nadu Governor R N Ravi on Tuesday walked out of the state assembly without reading his customary address after alleging that the national anthem was insulted, evoking a sharp response from Chief Minister M K Stalin, who dubbed his action as an 'insult' to the House and the people of the state.
Trade unions have decided to launch a phased, consistent struggle to press for the withdrawal of the labour codes and go on a countrywide general strike in February next year, a statement said on Tuesday. The date of the strike will be announced on 22nd December 2025 in the next meeting of the joint forum of central trade unions, a statement said.
'It will increase the contribution to gratuity, which is something the employer has to give.'
Ankita's father, Virendra Singh Bhandari, and mother, Soni Devi, met Dhami on Wednesday night and handed him a letter demanding an enquiry by the Central Bureau of Investigation (CBI) into the case under the supervision of a Supreme Court judge.
The 1.4% decline projected for 2025 is driven by a 5.6% (72,000) dip in the strength of railway employees to 1.2 million by next year.
The Pakistan Cricket Board (PCB) could face massive financial losses if the ICC's all-powerful governing board decides to penalise them for refusing to play the T20 World Cup match against India on February 15 in Colombo.
Citing poor attendance at the International Yoga Day event on June 21, the Wildlife Institute of India (WII) issued a warning on Monday, saying this month's salaries of the employees who skipped the programme without prior intimation would be withheld, but withdrew the order within hours.
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.
'No one is propagating RSS ideology as a government officer.'
Agitators at Tezpur University on Sunday vowed to enforce a shutdown at the institution, which has been witnessing sustained protests since mid-September against alleged irregularities by Vice Chancellor Shambhu Nath Singh, till a formal communication from the Centre regarding the VC's removal is received.
Usually, in the western view, corporate success is attributed to efficiency, organisational structure, and scale. R Gopalakrishnan and Harish Bhat argue that philosophy, culture, and the transmission of values are more important for sustaining growth and profitability of an enterprise over a period of time.
Ahead of the festival season, the government on Thursday announced a 7 per cent hike in the dearness allowance of its employees which will give them some relief from near double digit inflation.
There will be no "work-from-home" option for any employee anymore.
Shakur Khan was detained on Wednesday night by an intelligence department team who were acting on security-related inputs.
The Madhya Pradesh high court on Thursday said it took the Union government nearly five decades to realise that an "internationally renowned" organisation like Rashtriya Swayamsevak Sangh was wrongly placed in the list of organisations banned for government employees.
The chief education officer (CEO) of Baramulla in Jammu and Kashmir directed teaching and non-teaching staff employed under the department to refrain from criticising government policies on social media, warning them of punitive action, including dismissal from service.
A 10-part series that explains all you want to know about how India's EPF turns a slice of your monthly salary into long-term savings, pension, and life insurance.
The government aims to cover around 60 million people in the age category, irrespective of income, with an assured 5 lakh annually to be shared within the family.
The RBI advisory follows a labour ministry request earlier this year seeking the central bank's expertise to identify gaps in EPFO's investment strategy and fund management practices, including accounting, risk management, and internal governance.
'Companies will need to revisit compensation structures, contracts, staffing models, and human resources system.'
Healthcare major Max Healthcare Institute delivered a healthy performance in the second quarter (July-September) of 2025-26 (Q2FY26). Strong patient volumes and average revenues not only boosted the top line but also aided the operating performance.
Almost 25 per cent central government posts were vacant as of March 2022, compared to 9.4 per cent in March 2002.
A section of BLOs in West Bengal protested excessive workload during the SIR process, leading to clashes with BJP supporters outside the CEO's office. The protest highlights concerns over the enumeration exercise and accusations of political interference.
India's market regulator is moving ahead to include real estate investment trusts (Reits) in benchmark indices in a phased manner, Sebi chief Tuhin Kanta Pandey said, while asserting that the regulator was working to strengthen the link between infrastructure building and the markets.
Severe cyclonic storm 'Montha' has begun making landfall off the Andhra Pradesh coast, with the process expected to continue for the next three to four hours. The storm is expected to cross the coast between Machilipatnam and Kalingapatnam, near Kakinada, with wind speeds of 90-100 kmph.
Booth-level officers in Kolkata scuffled with police during a protest against alleged excessive work pressure related to the ongoing SIR process. The officers allege unrealistic deadlines and lack of support from the Election Commission.
There are about 50 lakh (5 million) Central government employees.
