7th Pay Commission: DA percentage is likely to announce for Government Employees by Centre in Cabinet soon

7th Pay Commission latest news today: Here comes a big update for the Central government employees as they are waiting for a hike in their salary. Media reports suggest that the Central government employees and pensioners will likely get a Diwali gift as the Union Cabinet is expected to announce a hike in dearness allowance (DA) … Read more

Postal Life Insurance​.

Postal Life Insurance (PLI) was introduced on 1st February 1884.It started as a welfare scheme for the benefit of postal employees and was later extended to the employees of the Telegraph Department in 1888. In 1894, PLI extended insurance cover to female employees of the erstwhile P & T Department at a time when no other … Read more

The retail inflation index will be updated based on data from the 2022-23 period.

The government has completed the Household Consumption Expenditure Survey (HCES) exercise for 2023-24, and preliminary analysis shows that its results are largely similar to the one of 2022-23, a senior official told FE. So, the 2022-23 survey results are most likely to be used for formulating the new Consumer Price Index (CPI) series to avoid any further … Read more

Half of the IPOs drop within a month despite strong day-one gains.

In 2024, half of the companies listed on mainboard exchanges experienced a decline in their stock prices within a month of their listing, as investors seeking quick profits sold their shares soon after the debut. While the average listing day gains for Initial Public Offerings (IPOs) stayed consistent with 2023 at around 27%, data indicates … Read more

SEBI grants Spice Healthcare exemption from the open offer requirement for acquiring SpiceJet shares.

The Securities and Exchange Board of India (SEBI) has granted Spice Healthcare an exemption from the obligation to make an open offer to SpiceJet shareholders. This exemption pertains to Spice Healthcare’s acquisition of additional shares in SpiceJet through the conversion of warrants, as disclosed by the airline in a BSE filing on Saturday. As a … Read more

No more pension delays for central govt employees! BIG corrective measures announced

The central government has expressed concerns over delays in pension processing for retirees, underscoring the critical need for adhering to prescribed timelines to ensure timely pension payments. In a relief for central government pensioners, authorities have been asked by the Centre to expedite pension processing for retirees. It has been observed by the central government … Read more