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8th Pay Commission: Employee Groups Push for Significant Annual Increment Hike to 5-7%
Central government employee bodies in India are urging the 8th Pay Commission to increase the annual increment rate from 3% to between 5% and 7%, citing rising expenses. Projections suggest this could lead to significant gross salary boosts for Level 10 and 12 employees.
RBI to Resume Urban Cooperative Bank Licensing After 22-Year Pause, Raises FY27 GDP Forecast to 6.7%
RBI to resume licensing of urban cooperative banks after 22 years, review rural cooperative banks' credit monitoring, and standardize lending rates for transparency, alongside raising India's FY27 GDP growth forecast to 6.7%.
Nagpur Woman Wins Consumer Court Case Against ICICI Bank After Losing Rs 6.93 Lakh in FedEx Scam
A Nagpur woman who lost Rs 6.93 lakh in a FedEx parcel scam won a consumer court case against ICICI Bank. The commission ordered the bank to refund the remaining balance with 9% interest and pay Rs 35,000 in compensation.
DRI Seizes 364 Metric Tonnes of Pakistan-Origin Dry Dates at Kandla Port
DRI seized 364 metric tonnes of Pakistan-origin dry dates worth ₹3 crore at Kandla Port after importers falsely declared them as UAE goods to evade trade bans.
India's Gold Market Faces Modernisation Driven by Gen Z
India's gold market is transforming as digitally savvy Gen Z consumers embrace digital gold and flexible financial assets, according to a World Gold Council report which urges unlocking 31,000 tonnes of idle household gold.
Analysts divided on retail participation in LIC's ₹30,000 crore offer for sale
Analysts are split on retail participation in Life Insurance Corp's ₹30,000 crore offer for sale, weighing discounted pricing against a lack of near-term upside triggers.