Latest news with #Compensation
Business Standard
6 days ago
- Business
- Business Standard
Board of Electrosteel Castings considers receipt of provisional compensation order from Ministry of Coal
At meeting held on 28 May 2025 The Board of Electrosteel Castings at its meeting held today i.e., on 28 May 2025 noted that the Company has received Provisional Compensation Order dated 15 May 2025 from the Ministry of Coal, Government of India in respect of compensation of Cost of Geological Report, Cost of Consent, Land and Mine Infrastructure payable to prior allottees of Parbatpur Central Coal Mine in terms of Coal Mines (Special Provisions) Act, 2015. As per the aforementioned Provisional Compensation Order, the Ministry of Coal has estimated an amount of Rs. 498.72 crore as compensation to the Company.
GMA Network
22-05-2025
- Politics
- GMA Network
DBM OKs 10,000 non-teaching positions for DepEd
The Department of Budget and Management (DBM) on Thursday announced it had approved 10,000 non-teaching positions for the Department of Education (DepEd). 'I am happy to confirm that we've approved a total of 10,000 non-teaching positions to provide our teachers with necessary support. This is on top of the 16,000 newly created teaching positions in public schools that we have recently approved for school year 2025 to 2026," Budget Secretary Amenah Pangandaman said in a statement. Pangandaman said the approved positions will occupy Administrative Officer II posts with Salary Grade 11 to be distributed in elementary schools, junior high schools, and senior high schools in all regions nationwide. Concerned DBM regional offices shall issue the corresponding Notice of Organization, Staffing, and Compensation Action (NOSCA) directly to the DepEd schools division offices based on the deployment report submitted by DepEd. 'Actually, this is a campaign promise fulfilled by our beloved President. Noong una pa lang po, pinangako na ni Pangulong Bongbong Marcos na bibigyan niya ng kinakailangang suporta ang ating mga guro para padaliin ang kanilang mga trabaho (In the very beginning, President Bongbong Marcos promised to ease the burden of teachers by giving them manpower support),' Pangandaman said. 'Gusto niya na makapag-focus sila sa pagbibigay ng dekalidad na pagtuturo. Kaya nga po dinadagdagan natin 'yung mga non-teaching personnel para bawasan 'yung load ng trabaho sa kanila — na malaking tulong para sa kanilang mental health at overall well-being,' she added. (He wants them to focus on providing quality teaching. That is why we augmented the non-teaching personnel to reduce the workload of teachers and help improve their mental health and overall well-being.) "Noong nilabas din po natin itong mga positions na ito, nakausap natin ang ating Secretary ng Department of Education, si Secretary Sonny Angara. Ang pakiusap po natin, sana mapunan na 'yung mga binuksan nating teaching and non-teaching positions lalo na't malapit na magsimula ang klase. Madami po ito, kaya naiintindihan nating medyo hindi po madali 'yan,' the Budget chief said. (When we opened these positions, we had a dialogue with the Secretary of the Department of Education, Secretary Sonny Angara. Our request was to fill the recently opened teaching and non-teaching positions, especially as the start of the school year approaches. There are too many; we understand that it will not be an easy task.) The DBM had earlier given the thumbs up for the creation of 16,000 new teaching positions in public schools for School Year 2025–2026 in line with Marcos' directive to strengthen the education sector and ensure sufficient manpower in public schools. — VBL, GMA Integrated News
Yahoo
07-05-2025
- Business
- Yahoo
Pennsylvania Institute of CPAs names new president
The Pennsylvania Institute of Certified Public Accountants (PICPA) has appointed David Stonesifer as its new president. The appointment took effect on 6 May during the organisation's 128th annual meeting in Philadelphia, US. Stonesifer, CEO of Herbein + Company, succeeds outgoing president Matthew Melinson. As president, Stonesifer will focus on strategic priorities, including talent pipeline development, technology adoption, and CPA advocacy. PICPA CEO Jennifer Cryder said: 'Dave is a respected voice in the profession and a passionate advocate for CPAs across Pennsylvania. 'His forward-thinking leadership and deep commitment to service will be invaluable as we continue to navigate the changing landscape of the profession and support our members in meaningful ways.' Stonesifer brings experience in both accounting and business leadership. He has been involved in various professional organisations, including the Pennsylvania State Board of Accountancy and the Greater Reading Young Professionals board. Stonesifer said: 'It is a great honour to step into this role at such a transformative time for the accounting profession. The opportunities and challenges ahead are significant, but the PICPA has done a tremendous job paving the way on issues from evolving workforce needs to supporting firms during rapid technological change. 'I look forward to continuing this hard work with PICPA members, leadership, and stakeholders to ensure CPAs across Pennsylvania are well-equipped to thrive.' PICPA represents close to 20,000 members across public accounting, corporate sectors, government, and academia. Established in 1897, it holds the distinction of being the second-oldest state CPA body in the US. In February this year, PICPA released a report titled '2025 Compensation and Benefits for Accounting Firm Leadership: A Strategic Guide'. The report analysed compensation structures, retention strategies, and benefits adaptation within Pennsylvania accounting firms. Offering benefits remains crucial, with a significant percentage of firms providing medical, dental, and vision insurance. Recruitment efforts have intensified, with 88.5% of firms offering medical insurance, 80.8% providing dental coverage, and 73.1% incorporating vision insurance. "Pennsylvania Institute of CPAs names new president " was originally created and published by The Accountant, a GlobalData owned brand.
Yahoo
24-04-2025
- Yahoo
Man sentenced for grand theft, insurance fraud
( — A man in northern California was found guilty and sentenced to four months in county jail for grand theft and insurance fraud, according to the San Joaquin District Attorney's Office. Video Above: How to report a scam to the Better Business Bureau Officials said Stacy Johnson conspired with other assailants to stage a robbery of the Amazon delivery truck that he was driving for his employer, Amazon. The man then filed a fraudulent workers' compensation claim from the fake robbery, stating he was left with 'psychological injuries and stress.' Johnson pleaded guilty to two felonies and was sentenced to four months in county jail, two years of felony probation. He is also required to pay $3,000 in investigative costs restitution and $2,000 in restitution to Amazon, officials said. Officials said the loss on the worker's compensation claim would have been estimated up to $35,000, which would most likely have affect consumers. Renting far cheaper than buying in California's largest metro areas, report finds 'Workers Compensation Fraud is NOT a victimless crime, it affects all of us', said San Joaquin County District Attorney Ron Freitas. It leads to increased costs on our local businesses, and increased costs for the goods we purchase on a daily basis. Combined with our ongoing Workers Compensation Fraud outreach campaign, we are making a point of making sure criminals know that San Joaquin County is not a safe haven for Workers Compensation Fraud, we will prosecute'. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
IOL News
22-04-2025
- Health
- IOL News
KwaZulu-Natal health department faces budget crisis and service cuts
KwaZulu-Natal Health MEC Nomagugu Simelane. Image: Supplied The KwaZulu-Natal Department of Health is heading for a financial crisis as it faces severe budget shortfalls that have led to the cutting of key services in recent years. Members of the Finance Portfolio Committee have warned that the health department requires extraordinary intervention to avert this impending financial disaster. Committee member Lourens De Klerk urged the department to implement significant changes to address the looming calamity. The financial crunch has resulted in the suspension of key programmes. The department has revealed that its financial needs continue to outstrip the available funding, requiring R60 billion, while it currently has around R58bn in its coffers. Health MEC Nomagugu Simelane informed members of the Finance Portfolio Committee last week that, despite an increase of a billion or two in their budget, this was insufficient for the department. As such, austerity measures will remain in place. 'With the budget that we have received, it is clear that the cost containment measures we implemented in the last financial year will have to continue. Although we are above a billion or two, it does not effectively deal with the over-expenditure on Compensation of Employees (COE). We have projected expenditure of R4.6 billion, with about R3 million allocated to COE. We did stop some good services, but even with the COE, we are still under strain. We must say we need to retrench, and we must stop employing,' Simelane said. 'We do not want to make a blanket assessment; we need to be thorough about what we need to put in place,' she added. This includes potentially reinstating some of the programmes that were stopped last year, as they cannot halt programmes year after year. The department was informed that the national budget allocation would allow for 800 doctors and 1 200 nurses to be appointed across the country. 'We are now waiting for the allocation from the Department of Health. They will be advertising soon, but we do not know how many workers will be provided for, and we do not want to create high expectations,' Simelane said. In the report, the department detailed some of its challenges, stating that in the programme of provincial hospital services, over the 2025/6 MTEF, the programme is significantly underfunded following the 2021-2022 MTEF budget cuts, as well as the budget being reprioritised towards Dr Seme Hospital operational costs, estimated at R977 million over the 2025/6 year. 'The current staff are not fully funded, and funding for medicine and medical supplies is insufficient to sustain the current level of services,' one committee member noted. De Klerk commented: 'We understand that this is not the department's fault; health is in the same position as education, maybe worse. The department is in a bad position, and I do not see any extraordinary answers. If there are not extraordinary steps taken to address the calamity that is coming, it is going to be very bad for our health department.'
