A Parliamentary panel has recommended an urgent and comprehensive review of the Rs 1,000 minimum monthly pension under the Employees’ Pension Scheme, 1995, saying the amount is no longer sufficient to meet the basic needs of beneficiaries amid rising living costs, reported PTI.The recommendation assumes significance as pensioners have been demanding that the minimum pension…
The Department of Posts on Tuesday introduced three premium delivery services with guaranteed 24-hour and 48-hour timelines for urgent and time-sensitive consignments, news agency PTI reported.The services — 24 Speed Post, 24 Speed Post Parcel, and 48 Speed Post — were introduced by communications minister Jyotiraditya Scindia.In the initial phase, the services will be available…
State-owned oil marketing companies have started asking petrol pump dealers to make advance payments for supplies of petrol and diesel, as refiners grapple with mounting revenue losses from retail fuel sales, according to a Reuters report.Nearly 90% of India’s about 1,01,470 fuel stations are linked to public sector refiners and retailers – Indian Oil Corporation,…
The ongoing Middle East war has drained Dubai of much of its travel appeal. Emirates, the world’s largest international airline, is operating some flights to Dubai almost empty, as travellers avoid the Persian Gulf. Flights from the US and continental Europe have been hit hardest, with occupancy on several routes dropping sharply, as thecarrier faces…
The Middle East crisis continues to boil and the ripples have triggered an operational stress for India’s food services sector. As LPG supply flows are disrupted amid the Strait of Hormuz transit issues, industry voices have warned of layoffs, salary cuts and widespread business impact if the situation drags on. Despite assurances from the government…
As the Middle East conflict enters its third week, rising tensions are pushing global oil prices higher. Crude from the Middle East has seen the sharpest spike, becoming the world’s most expensive oil as disruptions to key supply routes continue. According to a Reuters report, S&P Global Platts assessed cash Dubai crude at $153.25 per…
Gold price prediction today: Gold prices will continue to take cues from crude oil prices, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link
MUMBAI: Ahead of the onset of peak summers, a brisk business season for consumer durables companies, some air conditioner makers are feeling the heat of the West Asia conflict as restricted supplies of LPG and shortage of petrochemicals are beginning to hit production, industry executives said.LPG is used in processes such as brazing of copper…
MUMBAI: Shares of IDBI Bank fell as much as 16.5% on Monday to Rs 77. The decline wiped out over Rs 16,000 crore in market capitalisation after reports said govt may shelve bids for a majority stake in the lender because offers were below its minimum price expectations. Govt has been attempting to sell its…
NEW DELHI: Magicbricks has partnered with National Real Estate Development Council (NAREDCO) to institutionalise research-led conversations, structured policy dialogue, and large-scale knowledge dissemination across India’s real estate ecosystem. This collaboration is set to strengthen data-driven engagement in the system.\Coming at a time when the sector is transitioning from cyclical volatility to a more formalised and…