The Central Government on Wednesday approved a 11% hike in Dearness Allowance (DA) and Dearness Relief (DR) benefit given to central government employees and pensioners effective July 1. The new DA rate will be 28 per cent, up from 17 per cent. The Government froze DA and DR last year because of the pandemic. Anurag…
As the novel coronavirus pandemic led to the world’s largest work-from-home experiment, video conferencing apps like Zoom and Google Meet saw a sudden rise in their user database. Organizations around the world are now moving ahead with their daily tasks via video conferencing through these apps. But their usage has also drawn severe criticism from…
Citing personal reasons Reserve Bank of India Governor, Urjit Patel has stepped down from his post. Patel, 55, took over as the 24th Governor of the central bank on September 5, 2016, for a term of three years. He had the shortest tenure since the year 1992. “On account of personal reasons, I have decided to step…
Allahabad Bank on Thursday announced that the Centre is infusing Rs 3,054 crore into it as an investment during the current fiscal. “In terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the bank has received a communication from the Government of India, Ministry of Finance, Department of…
Additional Solicitor General Tushar Mehta was appointed as the Solicitor General of India by the central government on Wednesday. The place was vacant since the resignation of senior advocate Ranjit Kumar. He announced his resignation on October 20 last year and the government accepted it by December. The Appointment Committee of the Cabinet (ACC) has…