Latest news with #TLA
India.com
14-05-2025
- General
- India.com
8th Pay Commission: how much money officers up to level 8, level 9, soldiers & JCOs are getting as Siachen allowance under 7th Pay commission?
After the execution of 'Operation Sindoor' the life of soldiers and officers whose posting is in tough areas are discussed recently. Let us take a look at the Siachen Allowance provided to Jawans, JCOs (Level 8 and below), and Officers (Level 9 and above) under the 7th Pay Commission. Siachen Allowance Under 7th Pay Commission Considering the extreme challenges in weather and risks faced by officers deployed in Siachen, the 7th Central Pay Commission has given Siachen Allowance in the RH-Max cell with two new slabs. The allowance rates were increased as follows: For Jawans and JCOs (Level 8 and below): From Rs 14,000 to Rs 30,000 per month. For Officers (Level 9 and above): From Rs 21,000 to Rs 42,500 per month. This increase in Siachen Allowance is more than double its earlier rate. It will benefit the soldiers and officers who work in high-risk and high-altitude regions. Tough Location Allowance (TLA) In addition to the Siachen Allowance, the 7th CPC also revised other geographical allowances. Tough Location Allowance (TLA) replaced several allowances like Special Compensatory (Remote Locality) Allowance (SCRLA), Sunderban Allowance, and Tribal Area Allowance. The rates for TLA are categorized into three groups on the basis of geographical and weather conditions. It ranges between Rs 1,000 and Rs 5,300 per month, as per different cells of the R&H Matrix. Special Duty Allowance The 7th CPC suggested that TLA should not be given in combination with Special Duty Allowance (SDA) in areas like the North-East, Ladakh, and the Islands. But employees were given the option to take SCRLA at pre-revised rates with SDA at revised rates. 8th Pay Commission Speculations As discussions on the formation of the 8th Pay Commissions are going on, there is curiosity about the revisions for central government employees salary. Though nothing is officially announced yet, the 7th CPC allowances provide hints about the 8th Pay Commission.
India.com
14-05-2025
- Business
- India.com
8th Pay Commission Expected Allowance: How Much Money Jawans & JCOs And Officers Upto Level 9 Are Getting As Siachen Allowance Under 7th Pay Commission?
photoDetails english 2900773 Updated:May 14, 2025, 10:04 AM IST 8th Pay Commission Expected Allowance 1 / 7 The announcement on formation of 8th Pay Commission has created a lot of curiosity and buzz around the revisions the former might recommend for central government employees. While everything is a distant future for the moment, a recap of the allowance details recommended by 7th Pay Commission might give the much needed hint. 8th Pay Commission Allowance 2 / 7 In a bonanza to 48 lakh central government employees, the Union Cabinet had approved recommendations of 7th Central Pay Commission with 34 modifications. The increased allowances, came into effect from July 1, 2017, based on the recommendations of the Committee on Allowances (CoA). 7th Pay Commission: Siachen Allowance Recap 3 / 7 Meanwhile, fresh on the heels of Operation Sindoor in the aftermath of the Pahalgam attack, here's a revisit into Major Highlights Of Cabinet Approval On 7th Pay Commission Allowances, that includes a specific Siachen Allowance for defense and Tough Location Allowance for government employees 7th Pay Commission: Siachen Allowance Upto Level 9 4 / 7 7th CPC had placed Siachen Allowance in the RH-Max cell of the R&H Matrix with two slabs of Rs 21,000 and Rs 31,500. Recognizing the extreme nature of risk and hardship faced by officers / PBORs on continuous basis in Siachen, the Government decided to further enhance the rates of Siachen Allowance which went up from the existing rate from Rs 14,000 to Rs 30,000 per month for Jawans & JCOs (Level 8 and below) and from Rs 21,000 to Rs 42,500 per month for Officers (Level 9 and above). 7th Pay Commission: Siachen Allowance 5 / 7 With this enhancement, Siachen Allowance became more than twice the existing rates. The move was to benefit all the soldiers and officers of Indian Army who are posted in Siachen. 7th Pay Commission: Tough Location Allowance 6 / 7 Some allowances based on geographical location such as Special Compensatory (Remote Locality) Allowance (SCRLA), Sunderban Allowance & Tribal Area Allowance were subsumed in Tough Location Allowance. The areas under TLA were classified into three categories and the rates will be governed as per different cells of R&H Matrix and was in the range of Rs 1000 - Rs 5300 per month. 7th Pay Commission: Tough Location Allowance 7 / 7 The 7th CPC had recommended that TLA will not be admissible with Special Duty Allowance (SDA) payable in North-East, Ladakh and the Islands. Government had decided that employees will be given the option to avail of the benefit of SCRLA at pre-revised rates along with SDA at revised rates.
Globe and Mail
01-04-2025
- Automotive
- Globe and Mail
Xigem Technologies Secures Funding to Support its EchoDigital Business Unit
Toronto, Ontario--(Newsfile Corp. - April 1, 2025) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) (" Xigem" or the " Company"), is pleased to announce that on March 31, 2025, it entered into a tripartite loan agreement (the " TLA Facility") to provide up to $500,000 in capital to support its EchoDigital business unit through an arrangement that provides funding to a significant customer of the Company (as described below). The parties to the TLA Facility include: the Company, Carnance Inc. (" Carnance") and Physiomed Health Inc. (the " Lender"). The Lender is an entity controlled by Dr. Scott Wilson, a Director of the Company. The sole purpose of of the TLA Facility is to provide Carnance with the further ability to purchase non-commercial passenger cars, light trucks and sport utility/activity vehicles (" Vehicles") inventory for re-sale into the nearly USD18 Billion Canadian used car market, as estimated by Mordor Intelligence (the " Purpose"). Carnance is a customer of the Company which, pursuant to a previously disclosed exclusive ten year royalty and service based management agreement, has been and continues to be obligated to use the Company's EchoDigital asset in all of its sales efforts. EchoDigital is the Company's proprietary Saas-based, AI employing platform which assists in seamlessly capturing and converting used car consumer leads from traditional sources. EchoDigital can then assess and qualify the leads in part to determine their aptitude, and subsequently match them with a used car dealer's most suitable customer sales representative. EchoDigital has been solely responsible for the Company's growth in its most recent three fiscal quarters. In addition to the funds being made available to Carnance through the TLA Facility, Brian Kalish, the Company's CEO and a Director arranged for and personally guaranteed a line of credit for Carnance from a financial institution (the " Carnance Line of Credit") in August 2024. The Carnance Line of Credit as with the TLA Facility was arranged with the goal of increasing the Vehicle inventory available to Carnance, as it exclusively employs the Company's EchoDigital asset in line with the Purpose described in this press release. Management expects that the combination of funds from the Carnance Line of Credit and the TLA facility may have a positive impact on Carnance's business and then as a result, on that of the Company. Xigem has no obligations with respect to the Carnance Line of Credit. The provisions of the TLA include but are not limited to the following: The Lender agreeing to lend funds to the Company, which shall in turn lend such funds to Carnance for the Purpose described in this press release (and more fully described in the TLA Facility). The Lender receiving fees paid by the Company as follows: (i) $50,000 satisfied through the issuance of common shares in the capital of the Company, priced at $0.05 per common share and (ii) $50,000 satisfied through the issuance of common share purchase warrants entitling the Lender to acquire additional common shares in the capital of the Company valued at an aggregate of $50,000 at an exercise price of $0.05 per common share, for a 24 month period (collectively, the " Fee Based Shares"). A fee equal to 12.5% of the total value of the loan, paid in cash, in advance, by Carnance. The Lender receiving a senior ranking security over all of the assets of the Company. "Our EchoDigital asset has proven itself to be of considerable value to our business and its shareholders. This tripartite loan agreement supported by one of our directors, coupled with my own pledge is anticipated to reinforce Xigem and our ability to support our partners" said Brian Kalish, CEO of Xigem. All Fee Based Shares will be subject to a four-month and one-day hold period. No new control person of the Company will be created pursuant to the TLA transaction. All shares issued in connection with the TLA will be issued in accordance with the policies of the Canadian Securities Exchange (the "CSE"). Completion of the TLA is subject to customary closing conditions associated with a transaction of its type. It is currently anticipated that closing will take place on or before April 11, 2025. Brian Kalish may be eligible to receive an arrangement fee paid for exclusively by Carnance. Issuance of the Fee Based Shares would constitute a "related party transaction" as defined in Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions (" MI 61-101"). Carnance, an entity controlled by an insider of the Company, is anticipated to receive an aggregate of 1,000,000 common shares of the Company due to the issuance of the Fee Based Shares. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the TLA by insiders does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. About Xigem Technologies Corporation With software capable of improving capacity, productivity, and overall operations for businesses, consumers, and organizations Xigem aims to position itself to become a leading technology provider for the near trillion-dollar remote digital economy. iAgent, the Company's patented technology and EchoDigital, its SaaS automotive shopping platform are intended to provide organizations, businesses, and consumers with the tools necessary to thrive in a vast array of digital working, learning, shopping and treatment environments while the Company continually looks to aggregate a portfolio of innovative technologies capable of disrupting traditional business models. Source: Further Information This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "appears to be", "likely, "plans", "looks to", "possible", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding: the closing of the transactions specified in the TLA, including but not limited to the share issaunces contemplated by the Company; potential increases by Carnance of its inventory; the future market data for the global automotive industry; the future products and performance of the Company; and the ability of the Company to continue adding innovative technologies to its portfolio. Forward-looking information in this news release is based on certain assumptions and expected future events, namely: the satisfaction of the closing conditions in the TLA and receipt of all necessary approvals in order to complete the transactions contemplated therein; the ability of Carnance to increase its inventory as currenty contemplated or at all; customer interest at a level to drive future sales as currently contemplated or at all; the Company's ability to continue as a going concern; the commercial viability and growth in popularity of the Company's applications; the Company's ability to continue to develop and acquire revenue-generating applications; continued approval of the Company's activities by the relevant governmental and/or regulatory authorities; the continued development of the Company's technologies; the Company having sufficient funds to continue operations as planned; growth of the global automobile industry as currently anticipated or at all; the impact of growth of the global automotive industry on the Company's operations; and the continued growth of the Company in general. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: uncertainty with respect to the future growth of the global automobile industry and/or any other industry group or subset relevant to the Company's operations; uncertainty to predict the Company's ability to compete with other participants in the industries in which it operates; the potential inability of the Company to continue as a going concern; the risks associated with Software-as-a-Service ("SaaS") and technology industries in general; increased competition in the SaaS and technology markets in general; the potential future unviability of the Company's product offerings; risks associated with potential governmental and/or regulatory action with respect to the Company's activities; risks associated with a potential collapse in the value of SaaS services and the SaaS market; risks associated with the Company's ability to generate a profit; the inability of the Company to add innovative technologies to its portfolio; the Company not having adequate resources, financial and otherwise, as required to continue its operations as planned; and risks with respect to market demand for the Company's products. Furthermore, any market data presented in this press release is not indicative of the Company's future performance and in no way should be interpreted as such. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law. Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. SOURCE: Xigem Technologies Corporation On behalf of the Company: Brian Kalish, Chief Executive Officer
Yahoo
18-03-2025
- Entertainment
- Yahoo
Sales Boon for Mr Miyagi's David Matamoros First Solo Outing ‘Who Wants to Marry an Astronaut?' (EXCLUSIVE)
Barcelona-based Mr. Miyagi Films has clinched a series of territory deals for David Matamoros' buoyant queer rom-com 'Who Wants to Marry an Astronaut?' ('¿Quién quiere casarse con un astronauta?'). TLA acquired rights for North America, the U.K. and Ireland, while Optimale picked up distribution for France. Additional agreements include Tongariro in Poland, OutTV Media for the Netherlands, with ProFun handling Germany, Italy, Portugal, Israel, and Scandinavia via OutTV Media. More from Variety Dominican Psychological Thriller 'The Day of the Storm' Uses Christian and African Mythology to Explore Perceptions of Reality 'Always Winter,' A Romantic Tragicomedy by Best Picture Goya Winner David Trueba, Pounced on by Film Factory (EXCLUSIVE) Spain's Gala Gracia Heads to Malaga With Sentimental Debut Feature 'Remnants of You,' Reveals Trailer Adam Silver of TLA hailed the film as 'a highlight of TLA's 2025 slate,' adding: 'We are so delighted to have a hand in ensuring audiences across North America and the U.K. will have a chance to experience the life-affirming, infectious joy of David Matamoros' film.' Matamoros' first solo sally as a director and produced alongside Ángeles Hernández under their Barcelona-based banner Mr. Miyagi Films ('The Platform,' 'Isaac'), the film is co-produced by Uruguay's Mother Superior ('Simon of the Mountain,' 'Virus:32') and Argentina's Sombracine ('Young Hunter'). Alfa Pictures will handle the Spanish theatrical release, scheduled for July 11. David's (Raúl Tejón) romantic life is upended when his marriage proposal to Quique (Alejandro Nones), his longterm partner, is publicly rejected. This scuppers a planned Route 66 road trip culminating in a Las Vegas wedding. Determined not to give up on his dream ceremony, he has 10 days to find someone else, anyone else, willing to say 'I do.' The cast also includes Raúl Fernández de Pablo, Alejandro Nones, and Sabrina Praga. The film intentionally shifts from LGBTQ+ cinema's typical identity-driven narratives: 'I wanted my character to be the hero of the story, without thinking about his sexual orientation. Just as a person who deserves a happy ending,' Matamoros told Variety. Mr. Miyagi Films, renowned for its ability to corral international film finance, previously found major success with the Netflix all-time hit 'The Platform.' But it never gets easier. 'As public funding diminishes we must find ways to tell our stories and enrich them with different crews who can add so much to the storytelling,' Ángeles Hernández, co-founder of Mr. Miyagi Films explained. 'But rules and conventions can make it quite difficult most of the time. We should think about redefining the strategies of collaboration beyond the administration's needs.' The project is an example of the latent appeal of embracing international collaboration to bring new kinds of stories with less seen characters into commercially appealing genres. Variety caught up with David Matamoros: The story is inspired by elements of your own life. How did you navigate making it personal while ensuring it resonated universally? I've grown up with '80s and '90s romantic comedies. There's something about them that appeal to broader audiences. Most of us watching those films belong to an inspirational segment, hungry for vitally re-affirming stories that can make you drop a tear, but always emotional. So I changed the perspective on my own personal drama and focus on trying to be inspiring, re-affirming, funny and emotional at the same time. I have a hunger for wider audiences but I always speak from my own optimistic way of looking at life. Unlike many LGBTQ+ films that centre on coming out or identity struggles, this story places a queer protagonist in a romcom framework. What was the significance of that choice for you? The key was the happy ending. I wanted a happy ending so badly. I wanted to believe that I could have had a happy ending. My astronaut introduces queer ideas and images in spaces that have been traditionally moulded by the taste of heterosexual audiences. And conquers a space that was not our patrimony. I wanted my character to be the hero of the story, without thinking about his sexual orientation. Just as a person who deserves a happy ending. You mentioned previously that your film critiques the traditional romantic comedy narrative that many of us grew up with. How do you feel your portrayal challenges conventional notions of romance, and why was it important for you to shift the focus toward the everyday realities and vulnerabilities of love? Romantic love is quite toxic if you look at it from nowadays perspective. And we are constantly led to believe, in literature, art, music, films that if you are notloved in a certain way, you're not really loved. But I wanted to focus on embracing the daily struggles and our vulnerabilities of what it means to love and to be loved. And look at them in a positive way, and realize there is not only one way of 'perfect love' but many ways of being loved by many people in all its imperfections. And that is beautiful. Do you think the experience of directing a solo feature will change your approach working with directors as a producer of film? I know exactly the process a filmmaker faces when he/she is shooting. I'm more sensitive to the smell of ego. When someone has the need to tell a story, they find a way no matter how, and the more personal the story, the kinder, more adaptable, and gentler they should be with the crew. We are too used to abuse for the sake of art. I refuse it completely now. I know you can direct from love and inspiring the crew, rather than abusing them. The film is selling well into multiple territories, what are your general views on the market generally, and for romantic comedy at the moment? The great territory to conquer are festivals. Many programmers approached me after the screening of the film convinced that they have irrational issues with romantic comedies or comedies, and that they enjoyed the film very much, and still see the layers and the debates. Audiences on the contrary are more open to be surprised, to feel identified with and maybe make a judgement about one particular issue regardless of the age, the genre, race or sexual orientation. There is no one audience, but many. The market is very fragmented. And probably that's why 'Astronaut' selling so widely. Best of Variety New Movies Out Now in Theaters: What to See This Week Oscars 2026: First Blind Predictions Including Timothée Chalamet, Emma Stone, 'Wicked: For Good' and More What's Coming to Disney+ in March 2025
