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Business Standard
4 days ago
- Business
- Business Standard
Honorary rank boost for retiring CAPF & AR personnel: What about pension?
The Ministry of Home Affairs (MHA) has decided to confer an honorary rank, one rank higher, on retiring personnel of the Central Armed Police Forces (CAPFs) and Assam Rifles (AR). The honorary promotion will be granted on the day of the retirement to personnel from constable to sub-inspector rank, without any financial or pension benefits. 'This symbolic yet meaningful decision is aimed at honouring long and commendable service and enhancing the pride and dignity of retiring personnel,' the ministry said. What is the new rule of honorary promotion? According to a press release issued by the Press Information Bureau (PIB) on May 29, the decision will apply only to those with a clean and satisfactory service record. · Receive 'Good' or higher in their APAR (Annual Performance Appraisal Report) for the last 5 years. · Be cleared by the departmental inquiry and vigilance wing. · Be recommended by the Commanding Officer. Terms and conditions for honorary promotion · The honorary rank must exist in the personnel's service category. · It won't affect seniority within the force. While this honorary promotion won't bring any pension hike, it stands as a gesture of respect and recognition for decades of service. For many retiring personnel, this symbolic upgrade offers a sense of pride, a dignified end to their uniformed journey.
Time of India
4 days ago
- Politics
- Time of India
Will these central govt employees get higher pension on retirement after promotion?
Tired of too many ads? Remove Ads Will there be increased financial benefit (pension) with honorary rank? Tired of too many ads? Remove Ads Who will benefit? Popular in Wealth 1. Axis Bank revises ATM transaction fees effective July 1, 2025: Check revised charges What are the eligibility conditions? What are the terms and conditions for receiving honorary rank? Tired of too many ads? Remove Ads Eligible personnel of the Central Armed Police Forces (CAPFs) and Assam Rifles (AR) will be granted honorary ranks as follows: Central Armed Police Forces (CAPFs) Assam Rifles (AR) Retired Rank Honorary Rank Retired Rank Honorary Rank Constable Head Constable Rifleman Havildar Head Constable Assistant Sub-Inspector Havildar Warrant Officer Assistant Sub-Inspector Sub-Inspector Warrant Officer Naib Subedar Sub-Inspector Inspector Naib Subedar Subedar The Ministry of Home Affairs (MHA) has said that retiring personnel from the Central Armed Police Forces (CAPFs) and Assam Rifles (AR) will now get an honorary rank—one level higher—on the day of their honorary rank granted will be exactly one level higher than the retiring rank and must be a valid existing rank within the same force or to the Ministry of Home Affairs release on May 30, 2025, 'This historic decision, taken under the leadership of Prime Minister Shri Narendra Modi, aims to boost the self-respect, pride, and morale of personnel retiring from the rank of Constable to Sub-Inspector. Under this scheme, personnel below officer rank (from Constable to Sub-Inspector) in the Central Armed Police Forces (CAPFs) and Assam Rifles who retire after long and commendable service will be granted an honorary rank one level higher on their last day of service, without any financial or pension benefits.'While this honorary elevation does not carry any financial or pension benefits, it is a symbolic gesture aimed at enhancing the pride, morale, and self-respect of retiring jawans and junior officers who have served the nation with dedication and scheme is targeted at personnel below officer rank, i.e., those retiring from Constable to Sub-Inspector ranks in CAPFs and from Rifleman to Naib Subedar ranks in Assam Rifles. The rank bestowed must exist within the same service category as the retiring ensure the integrity and merit of the process, the following criteria must be fulfilled:Personnel must meet all promotion criteria at the time of retirement.A clean service record is Annual Performance Appraisal Report (APAR) for the last five years must be rated at least "Good."No major punishments must have been imposed in the past five must be beyond approval is required from the Departmental Enquiry and Vigilance (DE/Vigilance).Additionally, the honorary rank will be granted only upon the recommendation of the commanding officer and will be effective on the day of honorary rank shall be granted based on the recommendation of the concerned commanding honorary rank will be conferred on the day of the personnel's financial or pension benefits shall be admissible along with the honorary honorary rank will only be granted where the rank to be conferred exists within the category to which the personnel the honorary rank shall not affect the personnel's inter-se seniority.
Business Standard
15-05-2025
- Business
- Business Standard
Apar Inds rises over 15% in two days on strong Q4 results
Apar Industries rallied 13.78% to Rs 7,989.20, extending gains for the second day after the company posted strong Q4 results. The company declared the result during market hours on Wednesday, 14 May 2025. Following the result announcement, the stock surged 6.47% on Wednesday. It has risen 15.31% in two consecutive sessions. The company's consolidated net profit jumped 42.91% to Rs 249.97 crore on a 10.48% increase in revenue from operations to Rs 5,209.76 crore in Q4 FY25 over Q3 FY24. On year on year basis, the companys revenue and net profit jumped 5.8% and 17.1% respectively in Q4 FY25. Profit before tax was at Rs 340.03 crore during the quarter, up 42.59% quarter on quarter (QoQ) and up 5.72% YoY. EBITDA stood at Rs 483 crore in Q4FY25, up 5.7% YoY, and 20.4% quarter-on-quarter (QoQ). EBITDA margin stood at 9.3% in Q4 FY25, lower than 10.3% in Q4 FY24, but higher than 8.5% in Q3 FY25. The companys conductor business saw strong growth, with revenues up 24.4% YoY and volume growth of 5.9% in Q4 FY25. The specialty oils segment reported a 3.3% rise in revenue, while the cable solutions division surged 29.9% YoY, bolstered by strong performances in both the domestic and U.S. markets. Exports accounted for 28.4% of sales in Q4 FY25, up from 24.7% in the previous year. For the full year, net profit fell 0.5% to Rs 821 crore on 15% increase in revenue from operations to Rs 18,581 crore in the year ended March 2025 over the year ended March 2024. EBITDA rose 3% YoY to Rs 1,681 crore in FY25. EBITDA margin declined to 9% in FY25, lower than 10.1% in FY24. Kushal N. Desai, chairman & MD of APAR Industries, said, We concluded the financial year with strong revenue growth across all our business verticals, demonstrating our ability to deliver sustainable performance in a dynamic and challenging market environment. We have achieved a historic milestone of revenue in Quarter 4, surpassing Rs 5,000 crore. Strategic business depth, a resilient domestic market, and growth in the US business have all contributed to achieving healthy operating margins. Meanwhile, the board recommended a dividend of Rs 51 for the financial year 2024-25. APAR Industries is a diversified billion-dollar conglomerate with a strong presence in over 140 countries. As the largest aluminum and alloy conductor manufacturer and the 3rd largest transformer oil manufacturer, the company enjoys a leadership position in the global markets. APAR also offers over 350 grades of specialty oils, the largest range of specialty cables, lubricants, specialty automotive, and polymers.
Business Standard
14-05-2025
- Business
- Business Standard
Apar Inds spurts as Q4 PAT rises 6% YoY; declares dividend of Rs 51/share
Apar Industries soared 7.18% to Rs 6,974.35 after the company's consolidated net profit jumped 5.82% to Rs 249.97 crore on a 16.94% increase in revenue from operations to Rs 5,209.76 crore in Q4 FY25 over Q4 FY24. The companys profit before tax (PBT) stood at Rs 340.03 crore for the quarter, reflecting a 5.72% growth from Rs 321.62 crore in the same period last year. EBITDA for the quarter increased by 5.7% year-on-year (YoY) to Rs 483 crore, although the EBITDA margin contracted to 9.3% from 10.3% in Q4 FY24. On a full-year basis, the company's consolidated net profit fell 0.46% to Rs 821.30 crore on a 15.03% rise in revenue from operations to Rs 18,581.21 crore in FY25 over FY24. The companys conductor business saw strong growth, with revenues up 24.4% YoY and volume growth of 5.9% in Q4 FY25. The specialty oils segment reported a 3.3% rise in revenue, while the cable solutions division surged 29.9% YoY, bolstered by strong performances in both the domestic and U.S. markets. Exports accounted for 28.4% of sales in Q4 FY25, up from 24.7% in the previous year. Kushal N. Desai, chairman & MD of APAR Industries, said, We concluded the financial year with strong revenue growth across all our business verticals, demonstrating our ability to deliver sustainable performance in a dynamic and challenging market environment. We have achieved a historic milestone of revenue in Quarter 4, surpassing Rs 5,000 crore. Strategic business depth, a resilient domestic market, and growth in the US business have all contributed to achieving healthy operating margins. Meanwhile, the board recommended a dividend of Rs 51 for the financial year 2024-25. APAR Industries is a diversified billion-dollar conglomerate with a strong presence in over 140 countries. As the largest aluminum and alloy conductor manufacturer and the 3rd largest transformer oil manufacturer, the company enjoys a leadership position in the global markets. APAR also offers over 350 grades of specialty oils, the largest range of specialty cables, lubricants, specialty automotive, and polymers.
Yahoo
29-04-2025
- Entertainment
- Yahoo
Arcadia Parks and Recreation seeking community sponsors for free summer event
ARCADIA, La. (KTAL/KMSS) – Arcadia Parks and Recreation (APAR) is seeking sponsors for the first annual summer Community Fun Day! This exciting four-hour event takes place on June 7 at Arcadia Kiddie Park in downtown Arcadia, offering fun for the entire family. ArtBreak 2025 festival schedule released for the Caddo Parish event Activities will include games, rides, food, music, and prizes. From horseback riding to educational games about solar energy, this free event is expected to be packed with enjoyable activities for children. APAR is looking for sponsors who can provide monetary donations or in-kind contributions to help make this event a success. Free summer events and camps for kids in Shreveport-Bossier If you are interested in sponsoring this community event, contact the Parks and Recreation Director, Mario Jefferson Sr., at 318-436-6662. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
