Centre likely to hike dearness allowance by 3% to 45%

The central government is likely to increase the dearness allowance (DA) for its over one crore employees and pensioners by three percentage points to 45% from the existing 42% as per the agreed formula for the purpose. The dearness allowance for employees and pensioners is worked out on the basis of the latest Consumer Price Index for Industrial Workers brought out by the Labour Bureau every month.

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Young-professionals to be hired by I-T department to help in tax litigation

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Inflation, extreme weather events could spoil the party for India Inc in Bharat

However, inflation was high for most of FY2023. This means the earnings of low-income families —those in rural areas as well as minimum wage earners in urban areas — have broadly been stagnant. But a moderation in inflation, apart from factors such as increased government spend and a rise in incomes, is expected to aid consumer sentiment and, in turn, spending.

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India could reconsider ban once global demand falls, says NITI Aayog member Ramesh Chand

Agricultural economist and NITI Aayog member Ramesh Chand has stated that India can export 20-22 million metric tonnes (MMT) of rice without any impact on domestic food security. The government has banned non-basmati white rice exports because the global demand had skyrocketed, and there was concern India could end up exporting over 30 million tonnes.

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At 79, Star Health's founder set to launch another insurer

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At 16.9k crore, SBI posts highest quarterly profit

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India and Peru to resume FTA talks

Commerce secretary Sunil Barthwal Friday said India and Peru have decided to resume negotiations for a proposed free trade agreement (FTA). "We have decided to proceed with the FTA negotiations. We would be working out the priority areas... Post September, we will start engaging," he said on the sidelines of India-Latin America and the Caribbean (LAC) conclave organised by Confederation of Indian Industry.

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Zomato posts 1st profit in a quarter on tax gain

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Temasek to invest 1,200 crore in Mahindra's electric co

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