N K Sankhyan appointed Registrar of Central University of Himachal Pradesh
Ghost of another Rs 200 crore scam resurfaces in Uttarakhand
26 Jul 2025 | 2:21 AM
Dehradun, July 25 (UNI) As the alleged Loni Urban Multi State Credit Thrift Cooperative (LUCC) Society scam raised tempers in Uttarakhand's political circles, another purported Rs 200 crore mutual fund scam has resurfaced.
see more..
Apple season rush: Kinnaur sets up 24x7 Control Post on NH-5 to streamline transport
26 Jul 2025 | 1:54 AM
Reckong Peo, July 25 (UNI) As the 2025 apple season begins in full swing, the Kinnaur district administration has swung into action to manage the massive surge in goods vehicle traffic.
see more..
Majithia Case: Punjab govt submits sealed report in Mohali Court
26 Jul 2025 | 1:50 AM
Chandigarh, July 25 (UNI) In a significant development in the disproportionate assets case against Shiromani Akali Dal (SAD) leader and former Punjab minister Bikram Singh Majithia, the Punjab government submitted a sealed report to the Mohali court today, as mandated in the previous hearing.
see more..
CBI takes over Colonel Pushpinder Bath assault case, New FIR Filed
26 Jul 2025 | 1:44 AM
Chandigarh, July 25 (UNI) The Central Bureau of Investigation (CBI) has initiated a probe into the assault case of Colonel Pushpinder Singh Bath in Patiala, following orders from the Punjab and Haryana High Court.
see more..
If UP schools are closed, SP workers will run PDA Pathshala: Akhilesh
26 Jul 2025 | 1:28 AM
Kannauj, July 25 (UNI) Samajwadi Party President Akhilesh Yadav today announced that if the Uttar Pradesh government closes the primary schools in the name of merger, then his party workers will go to villages and run PDA Pathshala.
see more..
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
15 minutes ago
- India.com
8th Pay Commission BIG update: When will 8th CPC come into effect, how much salary will increase? Key details revealed
8th Pay Commission BIG update: When will 8th CPC come into effect, how much salary will increase? Key details Revealed Central government employees are eagerly waiting for the 8th Pay Commission to be implemented. Everyone is hoping that it will bring a big increase in their salaries. Now, a new report has come out that answers some important questions like when the 8th Pay Commission might be rolled out and how much salary hike can be expected. According to a report in Kotak Institutional Equities, the 8th Pay Commission may be implemented by the end of 2026 or early 2027. Right now, the government is still working on setting the terms of reference, which means deciding the rules and responsibilities of the commission. The commission itself hasn't been formed yet, and the name of the chairperson (head of the commission) has also not been announced. However, it is expected that the government may make an announcement about this soon. How much can the salary increase? Under the 8th Pay Commission, a big salary hike is expected for central government employees. According to the report: The basic salary may increase by 30 per cent to 34 per cent. The minimum basic pay, which is currently Rs. 18,000, could go up to around Rs. 30,000. The fitment factor (used to calculate revised salaries) is expected to be 1.8, which will give employees a real benefit of around 13 per cent in take-home pay. How will 8th Pay Commission impact the government's expenses? The 8th Pay Commission may have an impact of 0.6 per cent to 0.8 per cent on India's GDP. The government may have to bear an additional burden of Rs. 2.4 to Rs. 3.2 lakh crore due to salary increases. As salaries go up, spending power of employees will rise which will lead to higher demand in sectors like automobiles, consumer goods, and other daily-use items. What about savings and investments? There could be an additional increase of Rs. 1 to Rs.1.5 lakh crore in savings, especially in stocks, fixed deposits, and other investment options. The salary hike will benefit around 33 lakh government employees and a large number of pensioners. Among them, Grade C employees (lower salary bracket) are expected to benefit the most.
The Hindu
15 minutes ago
- The Hindu
National Herald case: Court defers order on cognisance of ED chargesheet
A Delhi court on Tuesday (July 29, 2025) deferred its order on taking cognisance of the chargesheet filed by the Enforcement Directorate (ED) in the National Herald case. Court sources said the matter is now listed for August 7 and 8 for certain clarifications. Earlier on July 15, Special judge Vishal Gogne had reserved the order for July 29 after noting that the submissions on the aspect of cognisance had been concluded. National Herald case: Congress workers stage protest outside ED HQ, accuse Centre of vendetta The court had been hearing the submissions on the point of cognisance by the Enforcement Directorate and the accused on a day-to-day basis from July 2. The ED has accused Congress leaders Sonia Gandhi and Rahul Gandhi, late party leaders Motilal Vora and Oscar Fernandes, as well as Suman Dubey, Sam Pitroda and a private company, Young Indian, of conspiracy and money laundering over the alleged fraudulent takeover of Rs 2,000 crore worth properties belonging to Associated Journals Limited (AJL), which published the National Herald newspaper. The agency alleges that the Gandhis held the majority 76 per cent shares in Young Indian, which allegedly fraudulently usurped the assets of AJL in exchange for a Rs 90 crore loan. The chargesheet names Sonia Gandhi and Rahul Gandhi, Pitroda, Dubey, Sunil Bhandari, Young Indian and Dotex Merchandise Pvt Ltd.
News18
38 minutes ago
- News18
Meet Ananth Narayan: The SEBI Insider Behind The Jane Street Crackdown
Last Updated: Ananth Narayan vs Jane Street: In July, Narayan signed SEBI's explosive interim order banning Jane Street from participating in Indian markets Ananth Narayan, a senior official at the Securities and Exchange Board of India (SEBI), has become the unlikely face of one of the most high-profile crackdowns in India's financial history. A former derivatives trader turned regulator, Narayan led the investigation into Jane Street, a US-based proprietary trading firm accused of manipulating India's stock markets. Why Did SEBI Ban Jane Street? In July 2025, Narayan signed SEBI's explosive interim order banning Jane Street from participating in Indian markets and freezing Rs 4,843 crore (about $570 million) in alleged illegal profits. The order accused the firm of using high-frequency and expiry-day trading strategies to distort the Bank Nifty and Nifty indices—strategies that reportedly caused significant losses for retail investors. Jane Street, founded in 2000, is a global trading powerhouse known for its algorithmic and quantitative trading, with offices in New York, London, Hong Kong, Amsterdam, and other financial centres. In the order, Narayan didn't hold back. He wrote: 'The JS Group is not a good faith actor… The faith of millions of small investors and traders can no longer be held hostage to the machinations of such an untrustworthy actor." The strongly worded indictment grabbed international attention and sent a clear signal that India is taking a tougher stance on foreign market participants. Narayan stands out within SEBI for his deep roots in trading. Before joining the regulator in 2022, he held senior roles at Deutsche Bank, Citigroup, and Standard Chartered, working across currencies, rates, and derivatives. He is the only SEBI board member with hands-on experience in complex financial instruments—a background that proved crucial in understanding and decoding Jane Street's sophisticated strategies. According to a Bloomberg report, Narayan's expertise allowed SEBI to connect the dots across various departments and identify a pattern of trades that consistently profited at the expense of retail participants. His insight has previously been sought by the Reserve Bank of India (RBI) to better understand market dynamics. Narayan's path to SEBI began in Kolkata, followed by engineering at IIT Bombay and an MBA from IIM Lucknow. After two decades in the financial industry, he shifted to academia and policy, and eventually to market regulation. Known for his precision and cautious approach, he reportedly keeps a sign in his office that says: 'First, do no harm." Despite his serious public persona, Narayan has a personal side too. According to Bloomberg, he's a fan of Texas Hold'em poker and occasionally plays with former school friends. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
