Articles for tag: Bold, Clamps, Employee, Government, Majhi, Move, Odishas, Play, Political, Rehiring, Retired

Market News

Odisha’s Majhi Government Clamps Down on Retired Employee Rehiring: A Bold Move or Just Another Political Play?

The Odisha government, under Chief Minister Mohan Majhi, has ended the widespread rehiring of retired employees that was common in the previous Biju Janata Dal administration. A new guideline limits rehiring to just 1% of the approved staff for senior positions and requires departments to justify the need for each rehiring. This change comes after ...

Market News

The UK government grants £500 million to Tata Steel for decarbonization, securing jobs and a green future for Port Talbot.

The UK government grants £500 million to Tata Steel for decarbonization, securing jobs and a green future for Port Talbot.

The UK government has approved a significant 500 million pound grant to Tata Steel to support the decarbonisation of its operations in Britain. This funding will help install a modern electric arc furnace at Tata’s Port Talbot steelworks in Wales, part of a larger 1.25 billion pound green steel project. The agreement aims to preserve ...

Market News

Bandhan Bank unveils GST payment service, enhancing access to government services and confirming its role in revenue collection in West Bengal.

Bandhan Bank unveils GST payment service, enhancing access to government services and confirming its role in revenue collection in West Bengal.

Bandhan Bank has introduced a new service enabling both customers and non-customers to pay Goods and Services Tax (GST) online and offline. This initiative is part of the bank’s commitment to providing easier access to government services, according to Rajinder Babbar, Executive Director and Chief Business Officer. As a Kolkata-based private bank, Bandhan Bank has ...

Market News

In a dramatic effort to support lawyers, Delhi’s Kejriwal government launches aid schemes, impacting thousands during crises.

In a dramatic effort to support lawyers, Delhi’s Kejriwal government launches aid schemes, impacting thousands during crises.

Delhi Law Minister Atishi highlighted the successes of the Chief Minister Advocate Welfare Scheme, initiated by the Kejriwal government in 2019 to support lawyers. The scheme, backed by an annual fund of Rs 50 crore, has enrolled around 28,000 lawyers. It provides significant benefits including Rs 1 million in term insurance and Rs 5 lakh ...

Market News

Government ITIs excel in new grading, boosting employment prospects and skills training for millions, signaling a brighter future.

Government ITIs excel in new grading, boosting employment prospects and skills training for millions, signaling a brighter future.

Industrial Training Institutes (ITIs) in India have shown improved performance, signaling better employment prospects for students. In the latest grading by the Ministry of Skill Development and Entrepreneurship, nearly 19% of approximately 15,000 ITIs scored above 8 out of 10, up from 12.4% last year. The highest scorers, with grades of 9.6, are located in ...

Market News

The GST Council weighs options to reduce health insurance taxes, potentially aiding affordability while impacting government revenue significantly.

The GST Council weighs options to reduce health insurance taxes, potentially aiding affordability while impacting government revenue significantly.

The GST Council is set to discuss four proposals to alter the tax treatment of health insurance during its upcoming meeting. These options stem from a request to reduce taxes on health insurance products, aiming to make them more affordable. The proposals include fully exempting all health insurance premiums, cutting the GST rate from 18% ...

Market News

Government Reaps Rs 2,413 Crore Dividend from BPCL: Financial Surge Continues

Government Reaps Rs 2,413 Crore Dividend from BPCL: Financial Surge Continues

The Indian government received Rs 2,413 crore in dividends from Bharat Petroleum Corporation Limited (BPCL), as announced by the Department of Investment and Public Asset Management (Dipam). This amount is part of a total Rs 15,389.14 crore collected from various public sector enterprises in the current financial year, which includes dividends from companies like Indian ...

Market News

Surge in Mumbai Property Registrations: Government Eyes ₹1,050 Crore Windfall

Surge in Mumbai Property Registrations: Government Eyes ₹1,050 Crore Windfall

In August 2024, property registrations in the Mumbai municipal region are projected to rise by 7 percent, reaching approximately 11,650 units, according to Knight Frank India. This marks an increase from 10,902 registrations in August 2023, reflecting strong demand in both the primary and secondary property markets. The Maharashtra government is expected to generate over ...

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