7th Pay Commission: Dearness allowance (DA) hike in news again; 4% increase expected
DA hike by 7th Pay Commission: DA is an amount paid to employees as part of salary to make up for inflation. When a hike is effected, it raises their salary. Dearness relief (DR), on the other hand, is an amount paid to pensioners under the same principles. Key Points
Economic TimesUP govt ends honorarium for Madrassa teachers
However, the move is expected to adversely impact over 21,000 madrassa teachers, who are already struggling with their livelihoods since 2017 when the Centre stopped releasing its share of funds for the scheme, leading the state too to freeze its share. In the absence of both Centre and state's honorariums, it was the additional pay being paid by the state government that kept the teachers somewhat afloat. Key Points
Economic TimesIn Images | Meet Madhav Goel, Tufropes director who bought Rs 121 crore apartment in Mumbai: Know about his journey & businesses
Madhav Goel, the Tufropes director paid a stamp duty of Rs 7.26 crore for the luxurious property. Key Points
FinancialexpressPay arrears to pensioners, gallantry winners of armed forces; SC gives deadline to Centre
Eligible pensioners above 70 years must be paid by June 30. Check other deadlines given by the Supreme Court. Key Points
mintLok Sabha elections 2024: Is polling day a ‘paid holiday’ for employees? What the Constitution of India states
The Election Commission of India (ECI) declared the most awaited final dates of the upcoming Lok Sabha elections on March 16. Find out whether polling days are paid holidays for employees. Key Points
mint
Kotak Life insurance policyholders to get Rs 840 crore as participating bonus
Kotak Life's bonus for fiscal 2023 is 24% higher than what was paid for FY22 and marks 22nd consecutive year of bonus payment to policyholders. Cash bonuses or special one-off bonuses will also be paid out on specific policy events as per policy conditions, the insurer said. Key Points
Economic TimesJet Airways' lenders want Jalan-Kalrock consortium to reveal source of its funding
Lenders to Jet Airways have called on the Jalan-Kalrock consortium, the potential buyers of the airline, to disclose the source of the ₹200 crore they have paid as part of the first payment to take control of the carrier. The lenders argue that the funds should come directly from the consortium and not from a third party. The National Company Law Appellate Tribunal has asked Jet's committee of creditors to file their objections to the compliance report filed by the consortium before the next hearing on October 12. Key Points
Economic TimesWho is Thierry Delaporte, highest paid CEO in India? Know his salary
Thierry Delaporte is the highest paid CEO in India, with a whopping salary package. Here is all you need to know about the Wipro boss. Key Points
Hindustan TimesSania went for khula divorce, but it’s easier said than done
India News: Parting ways with her husband, Pakistan cricketer Shoaib Malik, tennis star Sania Mirza opted for ‘khula’, sparking in the process a fresh conversation around this mode of dissolving marriages in the Islamic canon. Khula denotes divorce proceedings initiated by a Muslim woman and is based on her agreeing to forgo her mehr (money paid by the groom to the bride at the time of marriage) and subsequent maintenance in the form of financial aid. Read more on []. Key Points
Times Of India'People started turning their backs,' says Sharib Hashmi on life post Shah Rukh Khan's 'Jab Tak Hai Jaan'-Entertainment News , Firstpost
He said, 'After I started auditioning properly, the first job I got was Jab Tak Hai Jaan. I got paid Rs 2 lakh for it, for around 20 days. Rs 20,000 per day wasn’t bad at all..' Key Points
Firstpost
Six non-negotiable benefits you should negotiate for before accepting your offer letter
When negotiating a job offer, it is important to consider all employee benefits besides the salary, such as work-from-home arrangements and flexible schedules, more paid leave, broader health insurance coverage, stock ownership, and a more meaningful job title. A hybrid remote and office work model is now popular, and instead of following a conventional schedule, flexible ones may be arranged. Key Points
Economic TimesClaiming HRA exemption on rent paid to spouse? New I-T regime will end this game of truth or dare.
The Income Tax Appellate Tribunal in India has allowed a house rent allowance (HRA) deduction of INR369,000 ($5,172) which was previously denied by the Income Tax Office. The payment was made to the appellant's wife, who owns the property in question. Although nothing physically stops salaried taxpayers from claiming HRA exemption for rent paid to relatives, tax officers are examining the authenticity of such claims. Key Points
The Economic TimesKangana Ranaut takes dig at Priyanka Chopra over pay gap: A-listers do films for free; only I get paid like male actors
Kangana Ranaut claims that she is the only Bollywood actress who has demanded and got equal pay. Other actresses were ready to work for free. Key Points
FirstpostMeta’s gender pay gap: Report shows women were paid 15.7% less than men in 2022
In Ireland, women working across Meta were paid 15.7% less than men in 2022. However, the difference in bonus pay in Ireland was higher, with the average bonus for women being 43.3% lower than men. Key Points
mintThe period leave conundrum: An encouraging policy or a roadblock to women’s careers?
International Women's Day 2023: "Menstrual cramps are caused by the contraction of the uterus, which can lead to pain in the lower abdomen or back. The severity of menstrual cramps can vary from woman to woman and can even vary from one menstrual cycle to another," said Dr M. Rajini, Consultant – Obstetrics and Gynaecology, CARE Hospitals, Banjara Hills, Hyderabad Key Points
The Indian Express
‘Call Narendra Modi ‘28 paisa PM..’,’ Udhayanidhi Stalin slams BJP-led Centre, stirs another controversy
Tamil Nadu Minister Udhayanidhi Stalin criticized the Centre for allocating only 28 paise for every rupee the state paid as tax. He accused the BJP of bias against Tamil Nadu and slammed the National Education Policy, calling PM Modi '28 paisa PM'. Key Points
mintInfosys to roll out average 80% variable pay for Q1
This comes as India's second largest IT firm paid 60% variable last quarter on an average. The company has also not rolled out annual hikes for employees for the year FY23. Previous hikes were paid in July 2022. Key Points
Economic TimesVoda Idea may get more time to pay Q1 licence & spectrum fees
Vi has not made the full payment of levies for the past three quarters but has been clearing dues regularly on the extended timeline granted by the department. The company paid INR77 crore for the licence fee against INR770 crore due in the April-June quarter. Key Points
Economic TimesHighest dividend-yielding small-cap shares in June; these 15 shares have paid up to 35% yields to shareholders
T.V. Today Network and Bhansali Engineering Polymers were the highest dividend yielding small-cap shares over the past twelve months, according to an Axis Securities report. Key Points
FinancialexpressFor every Rs 100 of premium paid for crop insurance under PMFBY; farmers received Rs 514 as claims: Govt
During this period, nearly Rs 25,252 crore were paid by farmers as their share of premium against which claims of over Rs 1,30,015 crore (provisional) have been paid to them. Thus, for every 100 rupees of premium paid by farmers, they have received about Rs 514 as claims, the minister said. Key Points
Economic Times
Vladimir Putin 'paid' crowd to attend his patriotic rally in Moscow: Report
The rally was mainly attended by a carefully vetted group of state employees and they were paid cash to attend it. Reports said while some people came for free food, others came as they were scared of losing their jobs. Key Points
India TodayRam Setu connection: PM Narendra Modi visits Arichalmunai in Tamil Nadu
Modi's visit to southern India in Tamil Nadu is part of his Ramayana-Connect sojourn in the state. After visiting Arichalmunai, Modi also paid floral tributes at the seashore. During his 3-day tour of Tamil Nadu, PM inaugurated the Khelo India Games 2023 in Chennai on Friday and then offered prayers at the Sri Ranganathaswamy temple at Sri Rangam in Tamil Nadus Tiruchirapalli in traditional Tamil attire. Key Points
Economic TimesInstagram and Facebook launch ad-free paid subscription, but don’t take out your wallet yet
Instagram and Facebook will now allow users the option to buy paid subscriptions of the two services. This subscription will be ad-free. But so far it is going to be limited and the option will not be available to Indian users. Key Points
India TodayGDMC pays Rs 269.44 crore dividend to Gujarat govt
New Delhi, Oct 16 (PTI) State-owned GMDC on Monday said that it has paid a dividend of Rs 269.44 crore to the Gujarat government. The dividend cheque was handed over to Gujarat Chief Minister Bhupendra Patel. The Gujarat government owns 74 per cent stake in Gujarat Mineral Development Corporation (GMDC). Show Full Article The dividend […] Key Points
ThePrintHow to Make Money Online With Sponsored Content?
You'll use a variety of monetization techniques as an online content producer to build your business. No matter the primary format of your content podcast, blog, newsletter, website, etc. Key Points
Times of India
₹10-crore ransom sought from Hisar shopkeeper
The incident took place when two men, one of them with covered face, ordered for samosas and paid the amount. Then they put a paper on the counter on which they wrote the ransom amount of ₹10 crore from Hisar shopkeeper and threatened him with dire consequences if he failed to pay the money. Key Points
Hindustan TimesSajid Nadiadwala’s co buys land parcel in Mumbai’s Juhu
The production company has paid Rs 31.30 crore as consideration for the said plot and has also paid nearly 1.88 crore as stamp duty charges for the registration of the transaction, showed the documents accessed through Indextap.com. Nadiadwala Grandson Entertainment has purchased the plot from a company called Portion Trading and the deal was registered on April 6. Key Points
Economic TimesAlia Bhatt goes home shopping in Bandra, buys Rs 37 cr house in Pali Hill & gifts 2 apartments to sister S
Bollywood actress Alia Bhatt bought the Rs 37 crore house in Bandra's Pali hill through her production banner Eternal Sunshine Production and paid a stamp duty of Rs 2.26 crore. Gold Street Mercantile Company sold the property. Key Points
Economic TimesPriyanka Chopra sells office space in Andheri for ₹7 crore
The property was sold to dentists Dr Nitesh and Dr Nikita Motwani. Madhu Chopra, the mother of the Los Angeles-based actor, carried out the transaction on her behalf, according to documents accessed by Zapkey.com. The purchasers paid a stamp duty of ₹42 crore on the transaction | Mumbai news Key Points
Hindustan TimesCanara HSBC iSelect Smart360: From benefits, to options; all you need to know
Canara HSBC iSelect Smart360 is a term insurance plan that provides financial support to the family in the event of the policyholder's demise. It offers three options for coverage and allows for the customization of death benefit payment options. Key Points
mint
UP government approves 4% increase in DA
According to an order issued by additional chief secretary (finance), the DA to be paid w. e. f. January 1, 2024, will be equivalent to 50% of the basic salary of employees Key Points
Hindustan TimesG20 summit: Delhi govt directs shops, businesses, and commercial establishments to grant paid holidays to
The Delhi government had issued a notification declaring a public holiday in the national capital on September 8–10. The G20 Leaders' Summit will be held at the newly built convention center at Pragati Maidan in New Delhi district of the national capital. Key Points
Economic TimesRajasthan Assembly election 2023: Are banks, government offices closed on Saturday?
The Reserve Bank of India has updated its state-wise bank holiday schedule to reflect the same. Banks would have been closed even if the elections were not held on November 25 as it is the fourth Saturday of the month. Key Points
Economic TimesCan you trust AI? Here's why you shouldn't
As AI systems become more personalized and conversational, people may need to be skeptical and question whom they are serving. AI systems may plan trips, negotiate, or act as life coaches, requiring users to trust them to navigate daily life. However, these AI systems may secretly work against users, as many internet services already do through surveillance capitalism. Key Points
Economic TimesOppo says India operations unaffected by High Court's 23% deposit ruling
The Delhi High Court has ordered Oppo to deposit almost a quarter of the amount it last paid Nokia as royalty, following a patent infringement case. The deposit must be made within four weeks. Oppo said the ruling related merely to a temporary deposit for warranty and would not affect sales or operations in India. Nokia filed the case against Oppo for alleged SEPs infringement nearly two years ago and has received no payment to date. Key Points
Economic Times
Education sector worst hit as ransomware attacks rise in India: Report
Education sector worst hit as ransomware attacks rise in India: Report. To learn more, read the full story on The Hindu. Key Points
The HinduJioCinema launches paid plans with HBO content in India, here is how you can subscribe
JioCinema has launched paid plans in India and you can now stream HBO originals as well as WB shows on the platform. Here is how you can subscribe to JioCinema's premium plans. Key Points
India Today