Page 18 - Government Of India

Govt to fix cut-off date to change pension conditions for employees: HC

Entitlement to post-retirement benefits is based on the terms of the services and it is open for the Central government to fix a cut-off date for the purposes of changing the conditions relating to payment of pension to its employees, the Delhi High Court said on Monday. The observations came on a batch of petitions by some high court employees challenging a Central government office memorandum (OM) which said that the coverage under the Central Civil Services (Pension) Rules, 1972, i.e. the Old Pension Scheme was confined to only to those candidates who were recruited against vacancies arising on or before December 31, 2003 and the selection results were declared on or before April 1, 2004. According to the government's new pension scheme, all other employees, which included the petitioners who received their appointment letters after the cut-off dates, would participate in the National Pension Scheme which is a contributory scheme. The petitioners submitted that they had applied f

Ration shops to double up as financial service providers in Chhattisgarh

Besides banking correspondent services through tie-ups with banks, the shops will be allowed to sell other commodities and general store items

Start-up Odisha growth fund gets Rs 1,000 cr commitment, disbursal in 5 yrs

Flags off Hall of Fame 2.0 with TiE Bhubaneswar

India, Australia to identify companies in critical mineral space

In the critical minerals space, Australia is the world's largest producer of lithium and the second largest producer of rare-earth elements

Future of technology going to be driven by India: UAE's AI minister

Though technology is driven from places such as Bengaluru, Al Olama said it is coming from the rest of the world as well

Tax-authorities tighten noose around under-invoicing of Chinese imports

Tax authorities suspect a tax evasion of more than Rs 16,000 crore through under-invoicing by businesses from April 2019 to December 2020

In court, Centre defends excluding Dalit Muslims, Christians from SC list

It told the Supreme Court the Ranganath Mishra Commission, which had recommended the inclusion of Dalit Christians and Dalit Muslims in the SC list, took a myopic view of the issue and was 'flawed'

Bharat Forge's subsidiary to sell 155-mm artillery at $155 mn to Armenia

Export order to be executed over three-year time frame

Centre allows trade settlement for export promotion schemes in Indian rupee

With the amendment to the Foreign Trade Policy, invoicing, payment, and settlement of trade can now take place in Indian rupee

The irrelevance of regional rural banks

Scope of their survival is diminishing. Even as the overall business of rural financial institutions has generally been looking up, they are struggling to scale up business volumes

Three questions on EWS quota: Here's what the Supreme Court judges said

Supreme Court upholds constitutional validity of 10% EWS quota on 'economic basis'

Supreme Court to pronounce verdict on EWS quota today; What we know so far

On January 12, 2019, the government of India amended the Constitution to provide a 10 per cent reservation to the candidates from the general category that belong to the EWS

FMCG companies watch rural demand with bated breath as pain persists

In October, FMCG sales in rural areas stood at 0.8 per cent while urban sales declined 0.1 per cent against September, according to data by Bizom- a retail intelligence platform

768 start-ups register to participate in railway infrastructure: Govt

The offers have come from 123 startups, 80 individual innovators, 81 micro small and medium enterprises (MSMEs), and 18 research and development organisations and institutes

Jaipur set to host 11th edition of India StoneMart international exhibition

Scheduled to be held at the Jaipur Exhibition and Convention Centre, Sitapura Industrial Area, from November 10 to 13, the exhibition is considered one of the biggest of its kind in India

Unprofitable, growing bad assets: The tale of existential crisis at RRBs

They are mostly loss-making, with growing bad assets so the agricultural sector prefers commercial banks

Tata Trusts CEO N Srinath retires, new chief to be announced soon

Srinath joined Tata Administrative Services in 1986 and led different Tata Companies in the ICT sector

Twitter, Facebook, other social media cos will have to abide by local laws

The new amendments to IT rules impose a legal obligation on social media companies to take all out efforts to prevent barred content and misinformation, the government said on Saturday making it clear that platforms such as Twitter and Facebook operating in India will have to abide by local laws and constitutional rights of Indian users. The new rules provide for setting up appellate committees which can overrule decisions of the big tech firms on takedown or blocking requests. The hardening of stance against the big tech companies comes at a time when discontent has been brewing over alleged arbitrary acts of social media platforms on flagged content, or not responding fast enough to grievances. Amid concerns over the rising clout of Big Tech globally, the CEO of electric car maker Tesla Inc, Elon Musk, on Friday completed his USD 44-billion takeover of Twitter, placing the world's richest man at the helm of one of the most influential social media apps in the world. Incidentally,

Jaypee Infra insolvency: Decks cleared for NARCL to buy first stress asset

Jaypee Infratech deal expected to close by early Nov

Continental power grid spanning Japan to India inches closer to reality

Plans for a web of sub-sea cables that would create a continental power grid spanning Japan to India are rapidly becoming cheaper and more feasible