Central government employees will see a 2% Dearness Allowance increase, approved by the Cabinet. This comes as employee bodies push for significant pay structure reforms under the proposed 8th Pay Commission, seeking a higher fitment factor and expanded family definitions for pay calculations.
Stock market today: Buoyed by the two week US-Iran ceasefire, stock markets rallied strongly on Wednesday. While Nifty50 went above 24,000 intraday, BSE Sensex rose over 3,000 points.
Salaried folks paying rent to their folks and getting the HRA benefit are going to have a tough time proving their claims to the Income Tax Department in the upcoming assessments. The new disclosure norms that are coming in have a huge possibility of bringing these claims back to the taxman. It’s common knowledge that…
IFFCO has achieved its highest-ever Profit Before Tax, projected to exceed Rs 4,106 crore for FY 2025-26, driven by robust fertiliser production and sales. The cooperative saw significant dispatches of both conventional and nano fertilisers, including new nano zinc and copper variants. IFFCO remains committed to farmer prosperity through innovation and balanced crop nutrition.
Data from MarineTraffic shows that several Indian and foreign ships headed for Indian ports are still awaiting clearance near the Strait of Hormuz. According to the petroleum ministry, 17 vessels have been identified for evacuation.
President Trump reacted positively to a social media post indicating a surge of empty tankers heading to the U.S. to collect crude oil. This follows his assertion that the Strait of Hormuz will be opened, with or without Iran, ahead of high-level talks in Pakistan. Trump also stated the U.S.
Amazon has secured a significant $30 million deal for carbon credits from sustainable rice farming in India, a first of its kind in the country’s agricultural sector. This initiative, involving over 13,000 farmers, aims to reduce methane emissions and support Amazon’s net-zero targets by promoting water-saving cultivation techniques.