Ahead of the festive season, the central government on Thursday raised Dearness Allowance by 10 percentage points to 45 per cent of basic pay, benefiting about 88 lakh employees and pensioners.

The decision to provide higher DA to employees will cost the exchequer an additional Rs 9,303.2 crore per annum, an official spokesperson said after a meeting of the Union Cabinet, where it was decided to raise the allowance. The new DA will be paid to central government employees and pensioners with effect from 1st July, 2010, ...

WB govt takes several steps to strengthen security

In the face of mounting security threats, West Bengal government has decided to set up a Directorate of Security (DoS) and strengthen 21 police stations in three Maoist-hit districts. "The decision has been okayed by a cabinet meeting today," Finance Minister Asim Dasgupta told reporters. The DoS would handle security for VVIPs, protection of vital installations and ...

Ranchi, Mangalore added as embarkation points for Haj

Pilgrims undertaking Haj this year will have two more embarkation points, up from 17 last time, and will have to pay Rs 16,000 instead of Rs 12,000 lastyear. These decisions in relation to the month-long Haj pilgrimage beginning from Tuesday were taken at a Cabinet meeting chaired by Prime Minister Manmohan Singh at New ...

Andrew Yule exits Joint Venture; sells 26% in Phoenix Yule for Rs 63 cr

The government on Thursday approved selling of the entire 26 per cent stake held by state-owned engineering firm Andrew Yule & Co in Phoenix Yule Ltd. for Rs 62.82 crore to Continental ContiTech. Phoenix Yule Ltd is a joint venture between Andrew Yule & Co Ltd (AYCL) and Germany's Phoenix Aktiengesellschaft and is one of the ...

Maldives cabinet makes a splash

The Maldives held the world's first underwater cabinet meeting to raise awareness about the threat to the archipelago on account of global warming and to push for stronger climate change resolutions. President Mohamed Nasheed and his ministers dressed in scuba suits used hand signals and slates to communicate about five metres underwater. President Nasheed and his cabinet ...

Andrew Yule exits JV; sells 26% in Phoenix Yule for Rs 63 crore

The government approved selling of the entire 26 per cent stake held by state-owned engineering firm Andrew Yule & Co in Phoenix Yule Ltd for Rs 62.82 crore to Continental ContiTech. Phoenix Yule Ltd is a joint venture between Andrew Yule & Co Ltd (AYCL) and Germany's Phoenix Aktiengesellschaft and is one of the largest manufacturers ...

Conciliation proceedings start to end Jet pilots’ agitation

Conciliation proceedings between agitating Jet Airways pilots and the management began before the CLC in a bid to end the four-day old stir which has severely disrupted the operations of the Airlines leaving thousands of passengers stranded. The meeting came against the backdrop of a reported agreement arrived between the two sides through the mediation of ...

Conciliation proceedings start to end Jet pilots’ agitation

Conciliation proceedings between agitating Jet Airways pilots and the management began before the CLC in a bid to end the four-day old stir which has severely disrupted the operations of the Airlines leaving thousands of passengers stranded. The meeting came against the backdrop of a reported agreement arrived between the two sides through the mediation of ...