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Central government employees are likely to get an update on their future dearness allowance (DA) on May 31. The government may give an update on how much DA will be increased at the end of July. The DA is revised twice a year — January and July. Now, since the retail inflation is very high, […]
India created 1.46 crore payroll, including 1.38 crore through EPFO and 7.8 lakh through the National Pension System (NPS), in the financial year 2021-22 as compared with 94.7 lakh in FY21, according to a report by SBI Research. It added that women’s enrolment also increased to 27 per cent in FY22. “When we break-up 138.2 […]
People of India thought a note of Rs 100 was more useful, and a Rs 2000 note was the least useful, findings of an RBI survey on May 27, Friday, said. The survey, that was published in the Reserve Bank of India Annual Report this year said that Rs 100 notes were most preferred among […]
The Reserve Bank of India in its annual report released on Friday, may 27, said it was going to take the path of a “graded approach” towards the introduction of the Central Bank Digital Currency. It said that the design of the central digital coin needed to be in line with the objectives of its […]
India’s leading private insurance company Reliance General Insurance Company Ltd on Friday announced the launch of a health insurance policy. Named as Reliance Health Gain, the company claimed that it was the “most flexible and customisable health insurance policy”. The policy offers customers an opportunity to design their health insurance policy by choosing features as per […]
FMCG firm Ruchi Soya Industries on Friday posted a 25.4 per cent decline in its profit after tax (PAT) to Rs 234.43 crore on a standalone basis in the March 2022 quarter, compared with a PAT of Rs 314.33 crore in the corresponding period of the previous year. However, its revenue from operation during January-March […]
The Sensex and Nifty opened in the green territory on Friday, tracking overnight strength in the US markets and firm Asian indices this morning. This comes after the two indices snapped a three-day losing streak to close with substantial gains on Thursday, up around a per cent. At 09:16 IST, the Sensex was up 442.07 […]
A majority of sugar stocks have faced some selling pressure after rewarding investors generously for the past few months. However, these stocks have been hit hard over the last three days. The main reason is the curb placed on sugar exports and reduce the price of sugar in the domestic markets. Experts say the government’s ethanol […]