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Cabinet Approves 2% Hike in DA for Government Employees

Cabinet Approves 2% Hike in DA for Government Employees: The Union Cabinet, chaired by Prime Minister Narendra Modi, approved a 2% increase in Dearness Allowance (DA) for central government employees and Dearness Relief (DR) for pensioners. This hike, effective from January 1, 2025, raises the DA from 53% to 55% of Basic Pay/Pension, benefiting approximately […]

HDFC Bank Embassy Fixed Deposit

HDFC Bank Embassy Fixed Deposit: HDFC Bank has outlined the details of its Embassy Deposits, which are exclusively available to diplomats, non-diplomatic staff, and diplomatic missions. These deposits are Foreign Currency (FCY) Term Deposits, currently available only in USD (United States Dollar). The latest update specifies the minimum deposit amount, interest rates, and renewal policies […]

Indian and US Courts on Contempt

Indian and US Courts on Contempt: The US President’s possible defiance of a US district court ruling on withholding foreign aid highlights tensions between the judiciary and executive, raising concerns over separation of powers and possible contempt proceedings. This situation brings into focus how courts in different democratic systems enforce compliance with judicial orders, particularly […]

JSW Steel Becomes the World’s Highest-Valued Steelmaker with Over $30 Billion Market Capitalisation

JSW Steel Becomes the World’s Highest-Valued Steelmaker with Over $30 Billion Market Capitalisation: JSW Steel, led by Sajjan Jindal, has achieved a remarkable milestone by becoming the world’s highest-valued steel manufacturer, surpassing US-based Nucor Corp. The company’s market capitalisation crossed the $30 billion mark, driven by strong stock performance and government recommendations aimed at protecting […]