The central government is most likely to implement a hike in dearness allowance (DA) and dearness relief (DR) by the end of February 2021. The move is expected to benefit over 48 lakh central government employees and about 65 lakh central government pensioners. According to media reports, the central government may hike DA by 4…
TikTok owner Bytedance has decided to lay off more than 2000 jobs in India after prolonged ban by the Ministry of Electronics and Information Technology. The short-video platform has also decided to wrap up business in India amid the permanent ban. “We continually strive to make our apps comply with local laws and regulations and…
A PSU under the Department of Chemicals and Petrochemicals, Ministry of Chemicals & Fertilizers – HIL (India) Ltd. has recorded a growth of 65% in exports in the first two quarters of the FY 2020-21 as compared to the corresponding period of the previous financial year. The company attributed the growth to large quantity of…
Government to pay Productivity Linked Bonus and non-Productivity Linked BonusThe Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the payment of Productivity linked Bonus for the year 2019-2020. This will cover 16.97 lakh non-gazetted employees of commercial establishments such as Defence, Posts, Railways, ESIC, EPFO etc and the financial implication would…
The Government of India has approved applications of Samsung and 3 Apple iphone makers — Foxconn Technology Group, Wistron Corp., Pegatron Corp., to manufacture mobile phones in the country over the next five years. They are among the 16 companies that won approval under the Production-Linked Incentive scheme (PLI). According to the Indian Ministry of…
Hitachi ABB Power Grids India announced that it has received an order worth Rs 120 crore to deliver transformers to the Government of India’s electric locomotive manufacturer, Chittaranjan Locomotive Works (CLW), for the production of 400 passenger and freight locomotive engines. “Through the project, Hitachi ABB Power Grids continues to contribute to the country’s mission…
According to the India Skill Report (2019), only 45.6% of the youth graduating from educational institutions are employable. This reflects the massive shortage of skilled workforce in the country. To tackle the situation and help job seekers enhance their skills, the Ministry of Skill Development and Entrepreneurship (MSDE) has recently entered in partnership with global…
The Government of India announced that it has entered into an Memorandum of Understanding with the Government of the Kingdom of Denmark on the Indo-Denmark Energy Cooperation. The MoU was signed between the Ministry of Power and the Ministry for Energy, Utilities and Climate, Government of the Kingdom of Denmark. The partnership will help in…
The Cabinet has approved the “Pradhan Mantri Matsya Sampada Yojana – A scheme to bring about Blue Revolution through sustainable and responsible development of fisheries sector in India” with investment of Rs. 20050 crores in fisheries sector. The funds to be utilised over a period of five years. The Pradhan Mantri Matsya Sampada Yojana (PMMSY)…
Tata Power Strategic Engineering Division (Tata Power SED), a division of The Tata Power Company Limited, announced the signing of an important contract with Ministry of Defence, Government of India, for modernisation of infrastructure of 37 Airfields of Indian Airforce, Indian Navy and Indian Coast Guard. Tata Power mentioned in their release that the contract…
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…
In view of the challenges thrown by COVID19 outbreak and consequent lockdown, the Government of India recently took a major decision to provide relief from payment of rental to the small IT units operating out of the Software Technology Parks of India (STPI). Most of these units are either Tech MSMEs or startups. The Ministry…
The Government of India in 2015 had announced the introduction of a 360° Feedback Evaluation system for the empanelment of Civil servants across departments and the country. The much-hyped plan back then faced a heavy backlash from several political parties and organizations. Taking the opposition into consideration, the government had invited civil bodies to give…
The government appoints heads of three large state-run banks in the country, to help stabilise their operations. The new appointments were made in Bank of Baroda, Canara Bank and Bank of India. The appointments were made based on the recommendations of the Banks Board Bureau in November last year, which are now being accepted and…
The Government of India on Tuesday announced the appointment of Michael Debaprata Patra as the Deputy Governor of the Reserve Bank of India. Michael is currently working as an Executive Director at the central bank. His appointment comes six months after former Deputy Governor Viral Acharya pre-maturely resigned from his post. Patra will serve the…