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The Finance Ministry in April announced 2% increase in Dearness Allowance (DA) for central government employees and pensioners, with effect from 1 January 2026, effectively taking DA to 60% of basic pay from 58%. Notably, DA is a percentage of employees’ pay aimed at helping households manage the increased cost of living. It is provided…
Demetria C. Lester Demetria C. Lester is a reporter for MortgagePoint (formerly DS News and MReport) with more than 10 years of writing and editing experience. She has served as content coordinator and copy editor for the Los Angeles Daily News and the Orange County Register, in addition to 11 other Southern California publications. A…
The Punjab state has declared its popular monthly result called the Dear 100 Monthly Lottery draw on July 14, 2026, under which the first prize is of bumper Rs 25 lakh. The second prize winner will get Rs 5 lakh. A total of 30 winners will be selected, and each will get Rs 9,000 as…
Mumbai: The recent rally in India’s benchmark 10-year government bonds may have further upside, supported by expectations that circumspect US jobs data might prompt the US Federal Reserve to defer an increase in policy rates, treasury officials said. Furthermore, the likelihood of inclusion of Indian sovereign bonds in the Bloomberg bond index and the retreat…
People will not have to file two income tax returns during the transition to the new Income Tax Act, 2025. Most ongoing tax proceedings, pending applications and existing approvals under Income Tax Act, 1961 will continue without interruption. These are among the key clarifications issued by the Central Board of Direct Taxes (CBDT) in…
With the country facing a housing supply crunch and no easy answers in sight, projects like the conversion of the Pfizer office buildings in Midtown Manhattan into a mixed commercial-residential complex should be well-received. Unfortunately, last week, one building was evacuated after workers found that some of the steel support columns on the 21st floor…