
8th Pay Commission: Payment Regarding 18-Months Frozen DA Arrears During Covid Gets Renewed Hope, Why So?
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The staff side of the NC-JCM reiterated its demand for restoration of 18 months of DA/DR arrears to government employees which were frozen during the COVID-19 period. The department informed that as the adverse financial impact of the pandemic in 2020 and the financial welfare measures taken by the government had a fiscal spillover beyond FY 2020-21, arrears of DA/DR were not considered feasible.

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Hans India
26 minutes ago
- Hans India
No development in the state for two years, no guarantee even for CM Siddaramaiah: R Ashok
Mysuru: In the last 11 years, continuous development work has been carried out under Prime Minister Narendra Modi. However, in the state, not a single development project has taken place in the last two years, said Opposition Leader R Ashok. Speaking at a press conference, he compared the 10-year rule of Manmohan Singh with the 11-year rule of Narendra Modi, stating that development has increased fourfold under Modi. Globally, India's economy was ranked 10th or 11th earlier, but now it stands at fourth place, and PM Modi aims to take it to third. During Indira Gandhi's time, India had to beg for wheat from other countries. Under PM Modi, India has supplied COVID vaccines to over 100 countries, he said. During the UPA regime, per capita income was ₹6,000, which has now risen to ₹20,000. Gas cylinder subsidies, which were ₹450 then, are now ₹500. The unsubsidized rate, which was ₹1,250, is now ₹850. In the UPA's 10 years, there were over 9,000 terror attacks. Now, every attack is met with a response. When Mumbai was attacked, no retaliation was made, but after the Pulwama attack, Indian soldiers destroyed terrorist bases, he said. Previously, there were 387 medical colleges; now there are 704. The number of airports has increased from 74 to 149. National highways, which were 91,000 km, are now 1.45 lakh km. AIIMS institutions have grown from 7 to 22. Medical seats have increased from 82,000 to 1.50 lakh. The national budget, which was ₹17 lakh crore, is now ₹50.65 lakh crore. LED bulbs, which cost ₹450 earlier, are now available for ₹70, he said. Earlier, we used to see bullet trains in other countries. Now, 60% of the work on a bullet train in India is complete, and it will soon be operational. Agricultural subsidies, which were ₹30,000 crore earlier, are now ₹1.27 lakh crore. Cooking gas connections have increased from 14 crore to 31 crore. In 11 years, 4 crore houses and 11 crore toilets have been built, and 27 crore people have been lifted out of poverty, he stated. The Congress has always been sympathetic to Naxals, but now there is a goal to completely eradicate the Naxal movement. Significant development work has also taken place in the Northeast states. There was a mindset to abandon Jammu and Kashmir, but after the revocation of its special status, development has increased there, and tourism has boosted local incomes, he said. No guarantee even for Siddaramaiah Chief Minister Siddaramaiah himself has no guarantee and is an outgoing CM. His government has achieved nothing in two years. DK Shivakumar has built a separate fortress, while MB Patil and Satish Jarkiholi are acting independently. Not a single irrigation project has been implemented in two years, he alleged. In Congress, everyone claims they will become CM. Parameshwara and DK Shivakumar are waiting to become CM. Due to guarantees, no work is happening, and people want the government to collapse. Four people are pulling at the CM's chair. The BJP has exposed the MUDA scam and the Valmiki Corporation scam, he said. The government is responsible for the stampede tragedy but is blaming the police. The CM himself admitted to inviting the Governor. The Chief Secretary personally called and invited the Governor, but this was not disclosed earlier. To cover up their mistake, action was taken against Govindaraju, he said.


NDTV
3 hours ago
- NDTV
India Drop's In Global Gender Gap Report, Now Ranks...
New Delhi: India has ranked 131 out of 146 countries in the World Economic Forum's Global Gender Gap Report 2025, slipping two places from its position last year. With a parity score of just 64.1 per cent, India is among the lowest-ranked countries in South Asia, according to the report released on Thursday. India ranked 129 last year. The Global Gender Gap Index measures gender parity across four key dimensions: Economic Participation and Opportunity, Educational Attainment, Health and Survival, and Political Empowerment. The Indian economy's overall performance improved in absolute terms by +0.3 points. "One of the dimensions where India increases parity is in Economic Participation and Opportunity, where its score improves by +.9 percentage points to 40.7 per cent. While most indicator values remain the same, parity in estimated earned income rises from 28.6 per cent to 29.9 per cent, positively impacting the subindex score," the report said. Scores in labour force participation rate remained the same (45.9 per cent) as last year -- India's highest achieved to date. In educational attainment, the report said, India scored 97.1 per cent, reflecting positive shifts in female shares for literacy and tertiary education enrolment, which result in positive score improvements for the subindex as a whole. "India also records higher parity in health and survival, driven by improved scores in sex ratio at birth and in healthy life expectancy," it said. However, similar to other countries, parity in healthy life expectancy is obtained despite an overall reduction in the life expectancy of men and women, the report said. "Where India records a slight drop in parity (-0.6 points) since the last edition is in Political Empowerment. Female representation in Parliament falls from 14.7 per cent to 13.8 per cent in 2025, lowering the indicator score for the second year in a row below 2023 levels," it said. Similarly, the share of women in ministerial roles falls from 6.5 per cent to 5.6 per cent, moving the indicator score (5.9 per cent) further away this year from its highest level (30 per cent in 2019), it said. With notable gains in political empowerment and economic participation, Bangladesh emerged as the best performer in South Asia, jumping 75 ranks to rank 24 globally. Nepal ranked 125, Sri Lanka 130, Bhutan 119, Maldives 138 and Pakistan 148. The report said the global gender gap has closed to 68.8 per cent, marking the strongest annual advancement since the COVID-19 pandemic. Yet full parity remains 123 years away at current rates, according to the report. Iceland leads the rankings for the 16th year running, followed by Finland, Norway, the United Kingdom and New Zealand. The 19th edition of the report, which covers 148 economies, revealed both encouraging momentum and persistent structural barriers facing women worldwide. The progress made in this edition was driven primarily by significant strides in political empowerment and economic participation while educational attainment and health and survival maintained near-parity levels above 95 per cent. However, despite women representing 41.2 per cent of the global workforce, a stark leadership gap persists with women holding only 28.8 per cent of top leadership positions, the report said. "At a time of heightened global economic uncertainty and a low growth outlook combined with technological and demographic change, advancing gender parity represents a key force for economic renewal," said Saadia Zahidi, Managing Director, World Economic Forum. "The evidence is clear. Economies that have made decisive progress towards parity are positioning themselves for stronger, more innovative and more resilient economic progress," Zahidi said.


Mint
3 hours ago
- Mint
IT sector Q4FY25 review: After a muted show, can investors expect a turnaround in next quarter?
''The earnings season for the quarter ending March 31, 2025, began with leading IT firms releasing their financial results in the first week of April and concluded in the final week of May 2025. In Q4FY25, major Indian IT services company saw a quarter-on-quarter decline in revenue—marking the first time this has happened since Q1FY21, when performance was affected by the COVID-19 outbreak According to analysts, the slowdown was primarily caused by delays in project ramp-ups, weak performance in certain industry segments, and reduced demand stemming from the ongoing tariff war. Brokerage firm Choice Broking said in a note that Tier-l IT players have lowered their FY26E revenue guidance band by 1%, with the lower end factoring in continued demand weakness and the midpoint assuming the closure of key large deals under current macro conditions, in response to the uncertain environment. ' We expect IT services companies to post modest growth in FY26E, constrained by cautious client spending and a challenging demand environment. Tier-I players are expected to grow in the range of -2.2% to 4.0%, while mid-tier firms are likely to outperform with growth of 5% to 28%,' said the brokerage firm. The Nifty IT Index has surpassed the broader market's performance by 2.2% in the past month, fueled by renewed optimism stemming from the US-China trade deal. 'We remain constructive on firms with diversified portfolios catering to both costs takeout and discretionary IT spending. Within large caps, we favor TCS and Tech Mahindra for their balanced exposure and execution strength. In the mid-cap space, Coforge stands out for superior growth prospects and margin resilience,' the firm said. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.