DA news: The Telangana government has approved release of two dearness allowance and dearness relief installments for state employees and pensioners across cadres. Here’s all we know about the development…
The West Bengal government on 22 July officially constituted the state’s 7th central pay commission (CPC), a day after Chief Minister Suvendu Adhikari told reporters the state aims to implementing the 7th state CPC’s recommendations in the current fiscal (FY 2026-27). Notably, the state approved the constitution of this panel in May, after the newly…
Avenue Supermarts Ltd. overhauled its e-commerce strategy by shutting operations in several cities that didn’t contribute much to the group’s results, a sign of the growing competition facing India’s rapid delivery platforms.“During the quarter, we have discontinued our operations in seven cities which were marginal contributors,” Vikram Dasu, chief executive officer for its DMart Ready…
The rupee is likely to remain in the Rs 94.5-96 per US dollar range in the near term, with large dollar inflows through FCNR deposits and external commercial borrowings (ECBs) failing to translate into commensurate appreciation as the funds have largely been added to the Reserve Bank of India‘s reserves, a Bank of Baroda research…
Workers in several sectors covered by the Centre’s minimum-wage framework will receive higher minimum wages from 1 October 2026 after the Labour Bureau revised the Variable Dearness Allowance (VDA) linked to inflation. The Labour Bureau, under the Ministry of Labour and Employment, issued the revised VDA order on 30 September. The revision is based on…
The Pension Fund Regulatory and Development Authority (PFRDA) is targeting a sharp expansion in the National Pension System (NPS), with non-government subscribers expected to rise to 35-40 crore over the next five years from around 90 lakh currently. PFRDA chairman Sivasubramanian Ramann announced the target at an outreach event in Kolkata on Friday, according to…
Dearness Allowance (DA) is a percentage of basic salaries aimed at addressing the impact of inflation for government employees and pensioners. Reviewed twice a year, new announcements are usually made in March and October, with rollouts in January and July. Notably, the latest DA hike was announced in April by the Finance Ministry which increased…