Bengal govt approves pay revision for Power dept employees

Kolkata: The West Bengal government will have to bear an additional financial burden of Rs 450 crore annually in lieu of the revised pay structure for employees of the state”s power department and related entities, a minister said on Saturday. “The financial benefit to the employees will be effective from January 1, 2020,” West Bengal More...

by Ila Choudhary | Published 3 days ago
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By Ila Choudhary On Sunday, February 16th, 2020
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No timeline to remove I-T exemptions: FM

Hyderabad: Finance Minister Nirmala Sitharaman on Sunday said the idea behind introducing second alternative tax slabs sans exemptions is to take the country towards “a simplified, exemption-free and reduced More...

By Ila Choudhary On Sunday, February 16th, 2020
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Left parties to hold protest against Union Budget on Feb 18 in Delhi

CPI (M) leader Hannan Mollah New Delhi: Left parties will take out a rally on February 18 to stage a protest against the Union Budget 2020-2021 presented by Finance Minister Nirmala Sitharaman in Parliament. Speaking More...

By Ila Choudhary On Sunday, February 16th, 2020
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New income tax regime may adversely affect savings in India: Experts

New Delhi: The government’s proposal to introduce new income tax regime without exemptions and deductions will adversely effect the savings in India, according to experts. Representative image Finance Minister More...

By Manish Sen On Friday, February 14th, 2020
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Odisha govt announces 5% DA hike

Bhubaneswar: The Odisha government on Friday announced a 5 per cent hike in dearness allowance, benefiting lakhs of its employees and pensioners. Chief Minister Naveen Patnaik The hike, which will benefit around More...

By Manish Sen On Sunday, February 2nd, 2020
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Centre to increase dearness allowance to 21%, up from 17%

New Delhi: Central government is likely to approve a hike in dearness allowance (DA) to 21 per cent from the existing 17 per cent, benefiting around 49.93 lakh Central government employees and its 65.26 lakh pensioners More...

By Manish Sen On Saturday, February 1st, 2020
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Gradually all exemptions should go, income tax rate should be low: FM Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman on Saturday said that the government has come up with a new scheme of personal income tax while retaining the old structure as its intention is to reduce the rates More...

By Manish Sen On Saturday, February 1st, 2020
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Taxpayer opting for new tax regime to forego deductions on PF, tuition fee, insurance

New Delhi: A taxpayer opting for new income tax slabs and rates will have to forego a host of exemptions and deductions, including a standard deduction of Rs 50,000, tuition fee of children, and contribution towards More...

By Manisha Sen On Friday, January 31st, 2020
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PSB employee unions in UP join two-day strike, services hit

Lucknow: Customers of public sector banks in Uttar Pradesh faced troubles on Friday with state employee unions joining the two-day nationwide strike over wage revision, pension and other demands.Representative image. Cash More...

By Manish Sen On Thursday, January 30th, 2020
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Employees of PSU banks to go on two-day strike from Friday

New Delhi: Operations of public sector banks are expected to be hit beginning Friday as unions will go on a two-day nationwide strike following the failure of wage revision talks with managements. However, private More...