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Cabinet approves 3% hike in Dearness Allowance; now stands at 53%

The combined impact on the exchequer due to the DA and DR increases would be Rs 9,448.35 crore per annum, according to the press statement

FM Sitharaman to start US, Mexico visit from today; IMF, WB meets on agenda

The finance minister will also take part in G20 Finance Ministers and Central Bank Governors meetings, in addition to bilateral meetings with various countries and organisations

RBI policy of not allowing crypto is a good approach: Amiyatosh Purnanandam

He said that the government needs to incentivize good long term risk taking by banks to push private investments

PM internship scheme looks to bridge gap in employability: FM Sitharaman

Overall, over 91,000 opportunities have been posted on the internship portal, and 155,000 applicants have registered to apply

Prime Minister internship scheme: Over 155,000 apply within a day

Shortlist of candidates identified by AI to be shared with firms on Oct 15

PM's internship scheme registers over 90,849 opportunities, says MCA

The scheme would target providing 125,000 internship opportunities to youth aged 21 to 24 in FY 2024-25 with a budget of Rs 800 crore

The middle-income trap is a clear potential for India: Kenneth Kletzer

Kletzer said India may be benefitting a little by being non-combatant in an increasingly worrisome world

Manufacturing output to jump 9% if more women join workforce: World Bank

The report said that in all South Asian countries, output gains from closing the gender gap in labour force participation would be driven by the manufacturing sector, followed by the services sector

NFRA slaps penalty of Rs 2 crore on Coffee Day auditors, bars CAs

NFRA found that the auditors deliberately chose to shy away from their statutory duty to report the fraud and protect the public interest

Centre releases Rs 1.78 trn advance for states ahead of festive season

By norm, money from the divisible tax pool is devolved to states in 14 annual instalments: 11 in 11 months and three in March

Nearly 50,000 internship opportunities posted on portal: MCA officials

The Ministry of Corporate Affairs would make the portal open for candidates to apply from October 12th to October 25th

CBAM unilateral and arbitrary, will hurt Indian industry: FM Sitharaman

According to the European Union, CBAM is a tool to put a fair price on the carbon emitted during production of carbon-intensive goods entering the trade bloc

India's reformist attitude not seen in many countries: OECD Chief Economist

Pereira said that India needs to prioritise education, skilling and take up reforms to improve business climate, reduce informality, ease FDI restrictions in the economy to attract investments

Over 13,000 opportunities posted by 200 companies on PM Internship portal

The internships are available in fields such as sales and marketing, production and manufacturing, operations management, among others

West Asia conflict may create challenges for India: ADB Chief Economist

Park says that if Donald Trump returns as the US president, it could be bad for Asia, including India

Coalition govt is good for India, says economist Jagdish Bhagwati

Bhagwati spoke on a wide range of issues, including trade protectionism, India's ambition to become a developed country, the middle-income trap, the demographic dividend

Living standards to see steepest rise in coming decades: FM Sitharaman

The finance minister said that the effects of the last ten years of economic and structural reforms would manifest more thoroughly in the coming years, as the Covid shock fades from the economy

Reservations to apply in internship scheme; Rs 800 crore pilot launched

Aims to provide 125,000 internships in FY25

NFRA to seek views from Big 5 audit cos on second draft inspection report

The NFRA report highlights serious violations of Section 144 of the Companies Act, which bans firms from offering certain non-audit services to their audit clients

Govt picks three new external members for MPC ahead of key RBI meet

Govt appoints Ram Singh, Saugata Bhattacharya, and Nagesh Kumar as new external members of RBI's Monetary Policy Committee