7th pay commission: DA for govt employees, pensioners hiked by 4%
Both Dearness Allowance and Dearness Relief are calculated based on the retail inflation for industrial workers. While DA is given to government employees, DR is given to government pensioners.
Cabinet approves ₹19,500 crore for second tranche of solar PLI scheme
The solar PLI scheme is expected to bring direct investment of around ₹94,000 crore.
Cabinet hikes sugarcane FRP by 5%; here’s how sugar stocks reacted
The Union Cabinet raised sugarcane fair and remunerative price (FRP) by 5% to ₹305 per quintal; decision to benefit 5 crore sugarcane farmers
BSNL revival package worth ₹1.64 lakh crore gets Cabinet nod
The package announced today will be utilised to make BSNL a sustainable and vibrant telecom player, telecom minister Ashwini Vaishnaw says.
Hindustan Zinc share rises 3% on cabinet nod for stake sale
The sale of the government’s entire 29.5% stake in Hindustan Zinc would fetch ₹38,062 crore to the exchequer as per the company’s closing price on Wednesday.
State-run companies to decide on disinvestment, closure of subsidiaries, JVs
This will enable PSEs to monetise their investment at an opportune time or close their loss-making and inefficient subsidiary, unit or JV at the right time.
Government allows NRIs to own 100% stake in Air India
In another attempt to sweeten the deal for buyers interested in Air India, the government has amended the FDI policy on investment in the flag carrier.