Business News, IT Industry News,Stock News, Share Market,

Sanghvi Forging IPO opens on 4th May ‎

2011-05-03T11:13:00.001-07:00

Sanghvi Forging IPO closes for subscription on 9 May 2011

Sanghvi Forging & Engineering is entering the capital markets with an initial public offering (IPO) of Rs36.90 crore. The price band for the issue has been fixed at Rs80 at lower level and Rs85 at upper level. The issue opens on 4 May 2011 and closes for subscription on 9 May 2011.

Sanghvi Forging & Engineering is engaged in the business of manufacture and marketing of stainless steel forged and machined subtends, forged flanges, forged fittings and CNC machined forged parts & automobile components in India. The company has its own forge shop, die shop, heat treatment shop, CNC based machine shop.

MP's Justice Majithia wage boards for working journalists and non-journalists

2011-03-25T22:06:00.000-07:00

Members in both Houses of Parliament today made a strong demand for implementation of the recommendations of the Justice Majithia wage boards for working journalists and non-journalists without further delay.

Raising the matter during Zero Hour in the Lok Sabha, Manish Tewari (Cong) pointed out that a large number of journalists and non-journalists were agitating across the country demanding speedy implementation of the wage boards recommendations that were made three months back.

"If we really want to empower journalists serious cognisance should be given to their demands and the wage boards recommendations should be implemented forthwith with effect from January 2008," Tewari said.

He noted that the wage boards, headed by Justice G R Majithia, to review the salaries of journalists and non-journalists was set up in 2007.

BSNL Pension Order Revised

2011-03-25T22:04:00.001-07:00

In what can be termed as a major breakthrough, DoT issued order on 15.03.11 for pension revision for those who retired from BSNL prior to 01.01.2007. Until now there is no order for revision of pension in IDA scales. Due to the combined efforts of the JAC, BSNLEU and the AIBDPA, cabinet took decision for revision of pension on IDA scales. Following this DoT has issued order ON 15.03.11. We congratulate all the comrades who are retired prior to 01.01.2007, who will be benefited from this order.
View the Order
Source : http://bsnleuchq.com/

Kerala issued Pension Revision Order G.O (P) No.87/2011/Fin

2011-03-25T22:03:00.001-07:00

In G.O (P) No.87/2011/Fin dated 28/02/2011 Government of Kerala have issued orders revising Pension and other related benefits consequent on revision of Pay Scales from 01-07-2009

View and Download Pension Revision Order

United Progressive Alliance (UPA) Incentive scheme for Central staff

2011-03-25T22:02:00.000-07:00

The incentives will be initially paid out of cost savings made by the department in that fiscal year

The United Progressive Alliance (UPA) government has finally decided to implement the Performance Related Incentive Scheme (PRIS) recommended by the Sixth Pay Commission for all Central government employees. An announcement is expected in the next couple of days, government sources toldThe Hindu. Those government employees who make the cut will start earning their incentives in 2012.

A Committee of Secretaries (COS) chaired by Cabinet Secretary K. M. Chandrasekhar approved the broad contours of the PRIS on March 8, and asked the Department of Expenditure and Performance Management Division, Cabinet Secretariat, to work out guidelines to implement the scheme. Members of the COS included Finance Secretary Sushma Nath, who was also member-secretary of the Commission.

Any department, to qualify for financial incentives, will have to get a performance rating of 70 per cent or more on its Results-Framework Document (RFD) and implement a bio-metric access control system in its offices. As suggested by the Commission, the incentives will be initially paid out of cost savings made by the department in that fiscal year and hence there will be no additional burden on the exchequer for implementing the PRIS, government sources said. Initially, for every rupee saved by the department, it will allow to distribute up to 15 paise depending on its performance.

The PRIS will cover all employees of the department. While incentives paid to the Secretaries will depend entirely on departmental performance reflected in the RFD, incentives paid to Joint Secretaries will depend on a weighted average of their division's performance and departmental performance. Incentives for junior employees will depend primarily on their individual performance.

However, all employees will need to go through a rigorous performance appraisal system consistent with the RFD evaluation methodology.

Indeed, incentives will start rolling out only after a department has prepared two rounds of robust RFDs, so as to truly capture departmental performance. Given that 2010-11 was the first year for implementation of 12-month RFDs, performance incentives will be paid from 2012-13 to employees who make the cut.

The decision to implement the PRIS comes in the wake of the Prime Minister's Performance Monitoring and Evaluation System (PMES) for government departments that was approved in September 2009.

Interestingly, of the departments that have gone through the exercise, there have been some notable exceptions including the Ministries of Home, Finance, Defence, External Affairs, and the Prime Minister's Office (PMO).

Objections

This has led to objections from officials of other Ministries: the feeling is that these key ministries and departments influence the work of other departments, and unless they, too, are brought under the scanner, the RFD will be redundant and unproductive.

The view from the Cabinet Secretariat is that the Prime Minister did not keep any department out of the ambit of the evaluation process, but it was felt that it would be better to implement it in phases for practical, operational reasons.

The original idea was to cover all 84 ministries and departments - it started with 59 departments in the last quarter of 2009-10, and currently covers 62 departments.

West Bengal Pay Committee 2008 Report for non-teaching employees Volume-I & Volume II

2011-03-25T22:01:00.000-07:00

West Bengal Pay Committee 2008 Report for non-teaching employees Volume-I & Volume II

Report of Pay Committee 2008 for non-teaching employees of Universities etc.- Volume-I

Report of Pay Committee 2008 for non-teaching employees of Universities etc.- Volume-II

D.A. reached 51%, Following allowances and advances to increase by 25%, automatically

2011-03-25T21:59:00.000-07:00

As per the announcement the Dearness Allowance is increased by 6% from 45% to 51% to Central Government Employees and Pensioners.The decision would also change the allowance structure.

There is no recommondations in 6th CPC that Dearness Allowance crosses 50% would merge with baisc pay. But some allowances and advances will be increased by 25% on crossing of Dearness Allowance by 50%.
All the following allowances are to be increased with effect from 01.01.2011.

.No.

Name of the Allowances & Advances [Existing and Revised Rates]

Dept. & Order No.

Date

G.O.

Children Education Assistance & Reimbursement of Tuition Fee

Rs.12,000
(Per Year - Per Child)

Rs.15,000
(Per Year - Per Child)

DOPT
12011/03/2008-Estt.(Allowance)

2.9.2008

Download

Advances for purchase of Bicycle Advacne, Warm clothing Advance, Festival Advance, Natural Calamity Advance

Rs.3,000

Rs.3,750

Fin.Min.
No.12(1)E.II(A)/2008

7.10.2008

Download

Special Compensatory Hill Area Allowance

Rs.600 / Rs.480

Rs.750 / Rs.600

Fin.Min.
4(2)/2008-E.II (B)

29.8.2008

Download

Special CompensatoryScheduled / Tribal Area Allowance

Rs.400 / Rs.240

Rs.500 / Rs.300

Fin.Min.
17(1)/2008-E.II (B)

29.8.2008

Download

Project Allowance

Rs.1,500 / Rs.1,000

Rs.1,875 / Rs.1,250

Fin.Min.

29.8.2008

Download

Speical Compensatory (Remote Locality) Allowance

Rs.2,600 / Rs.2,100/ Rs.1,500 / Rs.400

Rs.3,250 / Rs.2,625/ Rs.1,875 / Rs.500

Fin.Min.
3(1)/2008-E.II(B)

29.8.2008

Download

Cycle Maintenance Allowance

Rs.60 (Per month)

Rs.75 (Per month)

Fin.Min.
19039/3/2008-E.IV

29.8.2008

Download

Mileage for road journey all components of daily allowance on tour, rate of transportation of personal effects.

Rs.500 / Rs.300 / Rs.200 / Rs.150 / Rs.100

Rs.625 / Rs.375 / Rs.250 / Rs.190 / Rs.125

Fin.Min.
19030/3/2008-E.V

23.9.2008

Download

Rates of Conveyance Allowance under SR-25

Rs.370 / Rs.480 / Rs.640 / Rs.750 / Rs.850

Rs.470 / Rs.600 / Rs.800 / Rs.940 / Rs.1,070

Fin.Min.
19039/2/2008-E.IV

23.9.2008

Download

10.

Washing Allowance

Rs.60

Rs.75

Fin.Min.
14/3/2008-JCA

11.9.2008

Download

11.

Split Duty Allowance

Rs.200

Rs.250

Fin.Min.
9(11)/2008-E.II (B)

29.8.2008

Download

12.

Spl. Allowance for Child Care for Women with Disabilities and Education Allowance for disabled children

Rs.1,000 per month

Rs.1,250 per month

DOPT
12011/04/2008-Estt.(Allowance)

11.9.2008

Download

13.

Cash Handling Allowance

Rs.600 / Rs.500 / Rs.400 / Rs.300 / Rs.150

Rs.750 / Rs.625 / Rs.500 / Rs.375 / Rs.190

DOPT
4/6/2008-Estt.(Pay.II)

1.10.2008

Download

14.

Risk Allowance

DOPT
21012/1/2008-Estt.(Allowance)

12.3.2009

Download

15.

Postgraduate Allowance

Rs.1,000 / Rs.600

Rs.1,250 / Rs.750

Min.of Hohfw
A.45012/4/2008-CHS.V

16.4.2009

Download

16.

Desk Allowance

Rs.600

Rs.750

DOPT
1/10/2009-PIC

17.4.2009

Download

17.

Bad Climate Allowance

Rs.400 / Rs.240

Rs.500 / Rs.300

Fin.Min.
1/10/2008-E.II(B)

29.8.2008

Download

Central Govt issues order for 10% D.A

2011-03-25T21:57:00.000-07:00

Central Govt issues order for 10% D.A.. View the Railway order also.

View and download the Order of Dearness Allowance w.e.f 01.07.2010.
View the order for Railways

Central Govt. employees are likely to get 6% D.A. from January 2011

2011-03-25T21:55:00.000-07:00

As per the All India Index published by Labour Bureau, Govt. of India the Dearness Allowance payable to the Central Govt.staff with effect from January 2011 may not be more than 6 percent.

The figure for Nov'10 has just released and it stands at 182. The December figure is expected in the end of January. Even if the figure touches 185 in December, which is very unlikely, the D.A. hike will be limited to 6%.
Only thing to cheer is the fixed allowances such as Children Education Allowance, Conveyance Allowance for some category of staff will be 25% more as the D.A. will certainly cross the 50% mark. It may be remembered that D.A. linked allwances such as Transport Allowances will be unchanged.

Maharashtra Budget 2011 2012 – Maharashtra State Budget Highlights 2011

2011-03-24T06:28:00.001-07:00

Maharashtra Finance Minister Ajit Pawar will present the 2011 – 2012 budget in the State Legislature on March 23 2011 (Wednesday).
The budget is most likely to be live telecasted in Doordarshan (DD) Sahyadri (DD Marathi) channel. The text of the budget can be seen in the website http://finance.mah.nic.in/
Budget Highlights:
Highlight of the budget can be seen in the websites 1) http://maharashtratimes.indiatimes.com/ 2) http://www.loksatta.com/
The budget will contain tax rates, revenues, expenditure, fiscal deficit, allocation for various departments and schemes. The budget is an annual exercise.
This will be first budget for Chief Minister Prithviraj Chavan and Deputy (Dy) CM Ajit Pawar

Dow Jones , NASDAQ opens in green as Fed's rate decision awaited

2010-04-28T11:41:00.000-07:00

A very good morning to all the visitor's of the blog. News from major stock indices of US including (DJIA, Nasdaq, S&P 500) is promising as all the three indices opened in green today morning.

The opening stock prices of (DJIA, Nasdaq composite index S & P 500) is as follows:

The Dow Jones industrial average (DJIA) gained 32.57 points to open at 11,024.56. The Standard & Poor's 500 Index (SPX) was also up by 6.13 points at 1,189.84. The broader index Nasdaq Composite Index (IXIC) was up 10.21 points thus opening at 2,481.68.

DJIA, NASDAQ, S&P 500 opens slightly higher 1/21/10

2010-04-28T11:40:00.001-07:00

(posted under DJIA stocks, Nasdaq live) - A very good morning to all the visitors to my blog, and the news from major US Stock indices is good as major stock markets of US opened in green today as there were strong quarterly earning reports arriving.

US Stocks were modestly higher in early trading as a round of upbeat earnings more than offset a new report that showed jobless claims jumped unexpectedly last week.

In early trading Thursday, the 30 share benchmark index Dow Jones industrial average (DJIA) was up by 7.49 pts at 10,610.64. The Standard & Poor's 500 (S&P 500) index was up by 2.83 pts at 1,140.87, while the Nasdaq composite index was up 15.12 at 2,306.37.

RIL Bonus Shares - Reliance Industries Announce 1:1 Bonus to Share holders

2010-04-28T11:37:00.001-07:00

Reliance Industries Limited (RIL) rewards shareholders, issues 1:1 bonus

Source: http://business.rediff.com/report/2009/oct/07/ril-approves-1-1-bonus-issue.htm

Creating value for shareholders, Mukesh Ambani-led Reliance Industries on Wednesday said it will issue one bonus share for every share held in the company, while also announcing an interim dividend of Rs 13 per share for FY 09.

"The board of directors of Reliance Industries Ltd today proposed, subject to shareholders approval, issue of bonus shares in the ratio of one share for every share held," RIL chief financial officer, Alok Agarwal, said in Mumbai.

The shares fell 1.57 per cent to Rs 2,099 on the Bombay Stock Exchange, but is expected to jump after the unscheduled announcement.

Analysts said that the surprise announcement of a bonus issue by RIL, will definitely act as trigger for the market on Thursday and flare up the markets on the eve of Diwali.

Dow Jones Industrials (DJIA) futures - Dow Jones Forecast ,Dow jones 6 months Forecast

2010-04-28T11:36:00.001-07:00

(posted under - Dow Futures, DJIA forecast) - Following is the forecast for the 30 share US benchmark index Dow Jones Industrial Average or DJIA , Dow Jones history , Dow Charts are also posted , You can refer to these forecasts, analyse the markets and plan your investment in Dow Components accordingly.

Month	Date	Forecast Value	50% Correct +/-	80% Correct +/-
0	Sep 2009	9,712.3	0	0
1	Oct 2009	9,890	760	1,702
2	Nov 2009	9,990	936	2,096
3	Dec 2009	10,150	1,057	2,367
4	Jan 2010	10,170	1,152	2,580
5	Feb 2010	9,960	1,232	2,759
6	Mar 2010	9,720	1,301	2,914
7	Apr 2010	9,540	1,363	3,052
8	May 2010	9,310	1,418	3,177

DJIA History | Dow Jones Industrial Historical data - past year

2010-04-28T11:35:00.001-07:00

The most important input for analysing US Stocks markets is the opening and closing trends of major stock indices specially Dow Jones Industrial Average (DJIA) which is 30 stock benchmark index and shows how the stocks are investing, last one year was bearish as recession engulfed Dow Jones, NASDAQ, Standard and Poor 500. following are the opening and closing trends of the benchmark index Dow Jones Industrials. which however shows that the worse of recession is over and future is bullish !!

China Leads G-20 Members in Clean Energy Finance and Investment; China invested $34.6 billion in the clean energy economy

2010-04-28T11:34:00.000-07:00

China Leads G-20 Members in Clean Energy Finance and Investment
China invested $34.6 billion in the clean energy economy

Washington, DC - -(Investorideas.com renewable energy/ green newswire) For the first time, China led the United States and other G-20 members in 2009 clean energy investments and finance, according to data released today by The Pew Charitable Trusts. Last year, China invested $34.6 billion in the clean energy economy – nearly double the United States’ total of $18.6 billion. Over the last five years, the United States also trailed five G-20 members (Turkey, Brazil, China, the United Kingdom, and Italy) in the rate of clean energy investment growth.

In Who’s Winning the Clean Energy Race? Growth, Competition and Opportunity in the World’s Largest Economies (PDF), http://www.pewtrusts.org/uploadedFiles/wwwpewtrustsorg/Reports/Global_warming/G-20%20Report.pdf Pew examines key financial, investment and technological trends related to G-20 members and the clean energy economy. The report tracks and measures global investment activity – ranging from venture capital, initial public offerings from companies seeking to expand, mergers and acquisitions and lending for large-scale projects – in this sector. Pew found that the global clean energy economy has experienced remarkable growth:

HCL Tech Q4 net profit up 51% at Rs 330 cr; stock gains - CNBC-TV18

2010-04-28T11:30:00.000-07:00

HCL Technologies has announced its Q4FY09 numbers. Its net profit increased 51.3% to Rs 330 crore versus Rs 218.1 crore and revenues rose 1.63% to Rs 2,908 crore from Rs 2,861.5 crore, QoQ. Reacting to the results, the share was quoting at Rs 309.75, up Rs 19.75, or 6.81% at 10.09 am.

In dollar terms, its Q4 revenues were up 7.6% to $ 607.2 million versus $ 564.4 million. It was best among all peers this quarter. Constant currency growth was at 3.95%.

CNBC-TV18 estimated net profit at Rs 231 crore and revenues at Rs 2,756.8 crore.

Source:http://www.moneycontrol.com

HCL Technologies Results Q4 FY10 Results : Net rises 72.10%

2010-04-28T11:29:00.000-07:00

HCL Technologies is a global IT Services company headquartered in Noida, a suburb of Delhi, India led by Vineet Nayar, HCL Technologies, along with its subsidiaries, had consolidated revenues of US$5 billion, as of 2010, and employed more than 58,129 workers. The name HCL is an abbreviation on Hindustan Computers Limited. The company has achieved a significant rise in standalone profit and posted a net profit of Rs 262.57 crores in the Q4 FY10 of the current fiscal (FY10), ended in Mar 2010. The company had recorded a net profit of Rs 152.57 crores in the corresponding quarter Q4 FY09 of the last fiscal (FY09), ended in Mar 2009. This is an increase of 72.10%.
The company informed the market(BSE) that the net sales increased by 22.71% to Rs 1287.11 crores in Q4 FY10 when compared with the same quarter Q4 FY09 of previous year.
Share’s Data :-
BSE Code : 532281
ISIN Demat : INE860A01027
Market Cap : Rs 25776 Crores
P/E Ratio: 25.14
EPS (Rs): 14.88 in Jun 2090
Face Value : Rs 2
Last bonus : 1:1 in Dec 2006
Last Dividend : 50% in Apr 2010
52 Week H/L : Rs 388.00 / 118.25
HCL Technologies Ltd. share’s CMP is Rs 380.80 on 22nd Apr 2010.

Source:www.hcltech.com

Wipro declares Q4 results; stock up nearly 3%

2010-04-28T11:24:00.000-07:00

Wipro touched an intraday high of Rs 726 and an intraday low of Rs 715.25. At 09:02 hrs the share was quoting at Rs 724.60, up Rs 20.35, or 2.89% on the NSE.
The company has announced its fourth quarter FY10 results. Its net profit rose 0.5% to Rs 1209 crore as against Rs 1203.3 crore, on quarter-on-quarter basis (QoQ), reports CNBC-TV18.

It was trading with volumes of 6,075 shares. Yesterday the share closed down 0.11% or Rs 0.75 at Rs 704.25.

Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	695.65	724.60	28.95	4.16
5-Days	722.10	724.60	2.50	0.35
7-Days	722.15	724.60	2.45	0.34
15-Days	714.75	724.60	9.85	1.38
1-Month	728.00	724.60	-3.40	-0.47
3-Month	700.05	724.60	24.55	3.51
6-Month	577.05	724.60	147.55	25.57
9-Month	451.15	724.60	273.45	60.61
1-Year	281.05	724.60	443.55	157.82

Source:http://www.moneycontrol.com

Wipro Announced Q4 Results 2010, Suddenly Wipro Shares Rose Up

2010-04-28T11:22:00.001-07:00

On Friday April 22 Wipro Ltd Shares were suddenly Rose Up as much as 3.6 percent after india’s No3 Software service firm. On 23 April Wipro Touched an Intraday high of Rs 726 and an Intraday low of Rs 715.25. At 09:02 hrs the share was quoting at Rs 724.60, up Rs 20.35, or 2.89% on the NSE. Wipro has declared its Fourth quarter FY10 results, Its net Profit was rose ose 0.5% to Rs 1209 crore as against Rs 1203.3 crore.

Simply Reliance Plan, RCOM Simply Reliance One Tariff Plan - 50 paise/ min

2010-04-28T11:21:00.001-07:00

Simply Reliance Plan - Reliance Mobile
Upping the ante in the telecom price war, Reliance Communications (RCom) will offer a flat rate for all calls on its network at 50 paise a minute. The scheme will replace all existing schemes.

Under the new scheme - 'Simply Reliance Plan – RCom will charge a single rate of 50 p every minute for all local, STD, incoming and outgoing roaming, and SMSes. The call rates would be applicable for all calls made from its CDMA, GSM or its landline phones.

The plan gets activated with lifetime validity, with a voucher purchase of Rs 48 for pre-paid consumers and Rs 99 for post-paid consumers. The scheme, which opens for subscription today, will be available for both CDMA and GSM services.

Source: Business Standard

TCS Q4 Results April 19,2010 | TCS Salary Hike 2010

2010-04-27T10:45:00.002-07:00

TCS Q4 Results April 19,2010 | TCS Salary Hike 2010
TCS Q4 US GAAP net profit at Rs 1,931 cr
TCS has announced its fourth quarter results. The company’s Q4 US GAAP net profit was at Rs 1,931 crore, quarter-on-quarter, QoQ.
Its Q4 US GAAP revenues were at Rs 7,737 crore, QoQ.
Its operating profit was up 1.88% at Rs 2,128 crore
TCS says
* Q4 gross employee additions at 16,851
* Q4 attrition rate at 11.8%
* Quarterly variable payout at 125%
* Cost cuts, treasury management helped improve margins
* Made 20,000 campus offers for FY11
* Won 10 large deals in Q4
* See tremendous momentum in all verticals
* BFSI, Retail, Life Science verticals leading growth
* See recovery in telecom, manufacturing verticals
Finally after a long silence period, Tata Consultancy Services (TCS) has announced its Q4 results date. TCS Q4 Results 2010 will be announced on April 19,2010. The board meeting of directors is scheduled on April 19, 2010 to approve and announce TCS Q4 Results 2010. The board will also announce a final dividend to its share holders.
You can get the results on your cell phones by sending a SMS ‘R TCS’ to 51818. It was rather a long wait to announce the date of quarterly results. Meanwhile TCS is all set to announce the salary hike. TCS Salary Hike 2010 seems to be a hot point of discussion in many forums as the company has about 1,44,000 employees in its payroll and plans to hire another 30,000 in FY11. Unlike many other software exporting companies TCS has not announced any salary hike to its employees in the last one year
As per some analysts TCS revenue for Q4 2010 will be somewhere around Rs 7870 crores and Profit of the company in Q4 2010 will be around Rs 1,870 crores.
FY10 YoY
TCS Salary Hike 2010 (TCS Salary Hike confirmed but not percentage): With 50.1 percent YOY and 9.7 percent QOY in the Q4 Result, TCS is now considering salary hike for its employees. According to TCS officials, they are now considering salary hike and the hikes in the salary may be implemented during financial ending March 2010. The actual hike percentage, however, has been decided yet.

Tamilnadu 6th Pay Commission Latest Details

2010-04-27T10:45:00.000-07:00

Tamilnadu 6th Pay Commission Latest Details

The Tamil Nadu government Sunday announced huge increases in the salaries of its employees ranging between Rs.1,774 and Rs.7,300 per month.
The pay hike is expected to shoot up the government’s annual expenditure by Rs.5,155.79 crore, while the initial cost would be around Rs.11,093 crore, an official statement said.
On the basis of the recommendations of a special committee and the Sixth Pay Commission, the government has decided to hike salaries of its employees despite additional initial financial burden and increased annual expenditures, it said.
“The total payment will be paid in instalments between the current financial year and 2011,” the statement added.
According to the statement, the salary increments will range between Rs.1,774 and Rs.7,300 per month from office assistant to deputy collector.
SRC :: The Hindu
Salary Calculator for Pay band 1 and 2 for Sixth Pay Commission Salary Hike
Salary Calculator for Pay band 3 and above for Sixth Pay Commission Salary Hike
Salary Calculator for Pension calculations for Sixth Pay Commission Salary Hike

PSU Pay Revision 2 | More PSU Pay Hike

2010-04-27T10:44:00.002-07:00

psu pay revision Govt okays further revision in pay for PSU officers About four lakh officers of central public sector enterprises will benefit from a government decision today giving them a further increase in salary and allowances, over and above the hikes announced last year.
The decision to improve the salary structure of officers at board level and below, along with supervisory staff, was taken at the Cabinet meeting presided over by Prime Minister Manmohan Singh.

The improved pay packages will also include increase in house rent allowance and retirement benefits.
The decisions are based on the recommendations of the committee of ministers headed by Home Minister P Chidambaram, which went into the revised salary and allowances notified earlier in November last year by the government.
PSU officers, particularly in the oil sector, forced the government to revisit their revised pay scales when they went on strike in January this year.
Briefing reporters after the Cabinet meeting, Chidambaram said the revision in the pay structure would vary from company to company. reports pti

Indian Railway Budget 2010 | Indian Rail Budget 2010

2010-04-27T10:44:00.000-07:00

Indian Railway Budget 2010 | Indian Rail Budget 2010
Indian Railway Budget 2010-11 will Present on Feb 24, 2010 (Wednesday) by our Union Minister for Railways Mamata Banerjee. Railway Budget 2010-11 is her second Rail Budget.
Railway Minister Mamta Banerjee at present might be in dilemma regarding the Indian railway Budget 2010. Whether the budget will be in favor of Common man or will it go more for revenue purpose.
Major expectations from Railway Minister is to keep passenger fares untouched so that it will be under reach of a common man.
While the Budget is unlikely to increase passenger fares, there could be a selective increase in freight rates.
Freight rates of foodgrains and fertilisers are likely to stay the same as the Centre has been facing a lot of flak on the price rise issue.
But rates of iron ore, coal and cement could rise
Mamata is likely to have more Durantos — her brainchild — connecting two major cities.
Sources say the Railways may unveil its big focus on private investments. It may seek private investments in all possible sectors like lines and sidings. The move could benefit companies like L&T, Adani, and ACC.
For 2009-10, the Budget estimates 5.8% freight growth at 882 million tonne. Sources say gross traffic receipts growth may be pegged higher. Total earnings projection is expected to be better in FY11.
The Railways may also project double-digit freight growth in FY11.
FY10 Budget estimates earnings from goods and passengers at Rs 58,525 crore and Rs 24,309 crore, respectively.
The Duranto (non-stop) train services connecting bi-cities, introduced by the minister in the last budget, are expected to increase in number this year.
Also, Banerjee is likely to bring in a special railway security fund this Budget

Union Budget 2009-2010 | www.indiabudget.nic.in

2010-04-27T10:43:00.001-07:00

Union Budget 2009-2010 | www.indiabudget.nic.in

Government of India: Union Budget and Economic Survey
website: http://indiabudget.nic.in/

Union Budget 2009-2010 – To be Announced on 16th Feb 2009

Finance Minister’s Speech – To be Live webcast on 16th Feb 2009

Budget Speeches from 1947-48 are available in PDF FORMAT online on www.indiabudget.nic.in. The National Budget Portal also has complete details of the Union Budgets, Economic Surveys, Railway budget and State budgets of the previous Years.

AIBEA Wage Revision Latest News 2010 | aibea website bankunionaibea in

2010-04-27T10:42:00.000-07:00

AIBEA Wage Revision Latest News 2010 | aibea website | aibea union
All India Bank Employees Association (AIBEA) is the largest and oldest trade union of bank employees in India. It is one of the premier trade unions in India. Today, AIBEA official website released the report and the message on the wage revision talks. According to official site ” 9th Bipartite Settlement signed today. AIBEA achieves Pension again and Pension for all.”
AIBEA Wage Revision, AIBEA Wage Revision latest news (complete report): AIBEA has just published the complete report on the wage revision talks. The report and the message on the wage revion talks has been published on the AIBEA website whose link has been given below.
http://www.bankunionaibea.in/html/newseve.html

AIBEA Wage Revision: AIBEA Wage Revision latest news (complete report)

2010-04-27T10:41:00.000-07:00

AIBEA Wage Revision, AIBEA Wage Revision latest news (complete report): AIBEA has just published the complete report on the wage revision talks. The report and the message on the wage revion talks has been published on the AIBEA website whose link has been given below.
For AIBEA Wage Revision Talk Report and Signed Agreement Details: Click Here
Here is the quote on the report:

The much-awaited Settlements on wage revision and pension option have been signed today with the IBA, achieving another landmark in our trade union movement. The 9th successive Bipartite Settlement has been signed and the wages and service conditions of bank employees have been improved. The Pension option Settlement has also been signed today which enables all the remaining employees to be covered by the D.A. linked Defined Benefit Pension Scheme, which is the best social security measure in the post-retiral life of employees.
We are happy that under the banner of UFBU, all the 9 unions have simultaneously signed the Agreements covering both employees and officers, manifesting the true spirit of the UFBU.
The Settlement covers 46 Banks (26 Public Sector Banks, 12 Private Sector Banks and 8 Foreign Banks) and would benefit 4,77,000 workmen employees and 2,75,000 officers. The Settlement would cost the Banks an additional increase in wages by Rs.5,200 crores per year (Rs.4,816 crores for Public Sector Banks and around Rs.400 crores for private and Foreign Banks). The Settlement will be effective from November 2007 to October 2012.
Under the Settlement all the remaining 2,60,000 employees and officers who are now covered by CPF would be given a chance to join the Pension Scheme – a long time demand of the Unions. More than 50,000 retirees will also get the option to join the pension scheme.
The Settlement is preceded by 30 months of protracted negotiations between the IBA and the unions, and was backed by various agitational programmes and strike actions, which were enthusiastically implemented by the members. There were many anxious moments during this period coupled with loads of misinformations, orchestrated columnies and virulent propaganda against all our efforts to settle. Added to this were the attempts to undermine the organistion, decry the leadership and derail the negotiations. But overcoming this and these, we have concluded the Settlement successfully.
Hats off to your unity, patience and co-operation. You have done proud to AIBEA.

AIBEA Wage Revision Details | AIBEA Wage Revision Latest Updates

2010-04-27T10:40:00.000-07:00

AIBEA Wage Revision Details | AIBEA Wage Revision Latest Updates | All Banking Solutions Wage Revision 2010 | AIBEA Wage Revision

AIBEA Wage Revision Details | AIBEA Wage Revision Latest Updates | All Banking Solutions Wage Revision 2010 | AIBEA Wage Revision
The Latest wage settlement news and discussion and wage settlement understanding between the IBA (Indian Bank Association) and AIBEA (All Indian Bank Employee Association) details can be checked by clicking the link below.
For Wage Revision Details CLICK HERE

AIBEA Wage Revision | AIBEA Union

2010-04-27T10:38:00.000-07:00

ANNUAL WAGE INCREASE OF RS. 4816 CRORES FROM

1-11-2007

ONE MORE OPTION FOR PENSION ACHIEVED

WE DEDICATE THIS ACHIEVEMENT TO THE MEMORY OF
COM. PRABHAT KAR ON HIS 25TH DEATH ANNIVERSARY DAY

Yes, today, 27-11-2009, is the 25th death anniversary of our great leader and doyen of bank employees trade union movement, Com. Prabhat Kar. On this solemn day and during the centenary year of this father of our movement, we deem it a befitting commemoration and tribute to his life-long pioneering role in shaping up the service conditions of bank employees that the Minutes have been signed with the IBA on our wage revision demand and more importantly, securing another option for more than 3 lacs of employees/officers/retirees to get the benefit of our unique pension scheme.

Salient features:

a) Annual wage increase of Rs. 4816 ( Rs. 2239 crores for officers and Rs. 2576 crores for workmen employees ) w.e.f. 1-11-2007.

b) All the existing employees who are now in PF scheme will be given an option to join the existing pension scheme.

c) All those who have retired after the date of Pension Regulations till date will also be given an option to join the pension scheme.

d) Full settlement on the above to be finalized within 90 days.

Wage revision – what we have achieved:

	7^th BPS	8^th BPS	NOW
Additional annual wage load	12.25 %	13.30 %	17.50 %
Total quantum of annual wage increase (Officers & Workmen)	1497 crores	2200 crores	4816 crores
Annual Average Per Capita Increase Ø For Workmen employees Ø For Officers	12,550 24,025	23,300 43,600	56,200 91,800

ONE MORE OPTION TO JOIN PENSION SCHEME

– A UNIQUE ACHIEVEMENT:

In 1993, after bitter struggles and against all odds, AIBEA and AIBOA achieved pension scheme for bank employees. Today, once again, with the leading role of AIBEA and AIBOA, another milestone has been anchored. More than 3 lacs bank employees, officers and retirees will now get another option to join the pension scheme to insulate themselves with this unique social security benefit. It is a very commendable achievement indeed.

Dear comrades, with the signing of this Minutes, the main understandings have been reached. Now the UFBU will be taking steps to expedite the final settlement with revised pay scales, allowances and other improvements and thereafter for implementation of the same and payment of arrears to the employees.

Dear comrades, on this happy occasion, it is necessary to remind ourselves that these achievements were preceded by persistent efforts and protracted negotiations by the leadership of UFBU and backed up by the exemplary unity of the bank employees and officers and their successful participation in the strike actions. It is the result of our unity, militancy and perseverance.

Wipro to give India staffers 9% pay hike

2010-04-16T13:10:00.000-07:00

Wipro Technologies, the country's third largest information technology services company, is giving all its employees in India a pay raise from February. This will also apply to those working temporarily on onsite (with foreign clients) projects.
It is reliably learnt that the average raise is 8 to 9 per cent. A spokesperson confirmed the hike but wouldn't give the range or the cost to the company.
As of December 31, Wipro had 102,746 employees in its IT services business, which accounts for 74 per cent of the company's overall revenue. Salaries account for 50-60 per cent of an IT company's expenses.
The salary hike by the Azim Premji-owned company - which also has an interest in consumer care, lighting and engineering equipment - signifies the overall mood of the IT industry in India. Last year, most of them had cut jobs and pay, or had deferred salary hikes, with the sector facing the global economic slowdown.
TCS,Infosys and Wipro, the big three, had all deferred pay raises last year. Infosys had announced a salary raise of 8 per cent to all its employees in India recently. The company's personnel head, Nandita Gurjar, said employees with promotions had got a rise of about 12.5 per cent. TCS, the number one IT services company, is yet to decide on any raise.

Infosys, TCS up over 2% ,Sensex

2010-04-16T13:05:00.001-07:00

The Sensex pared some of its losses as IT stocks recovered. IT, teck and consumer durables stocks witnessed buying interest, while auto, banking and oil & gas dipped. At 13.03., the Sensex was trading down 40.30 points or 0.23% at 17,812.70 with 22 components falling. Meanwhile, the Nifty was trading lower by 15.40 points or 0.29% at 5,324.30 with 39 components falling.

The 30-share benchmark index, BSE Sensex opened with a decline of 21.62 points or 0.12% at 17,831.38, while the broad based NSE Nifty began flat at 5,339.70.

Tata Consultancy Services Named the Official Technology Partner for the 2010 Boston Marathon

2010-04-16T13:04:00.000-07:00

Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS) today announced that it is the official technology partner of the Boston Athletic Association and the 2010 Boston Marathon to be held on Monday, April 19, 2010. The agreement features a strong presence by TCS at the Marathon and the three day John Hancock Sports and Fitness Expo held at the Hynes Convention Center.
"Wellness is an important concept for communities and individuals in today's world. We are very committed to supporting healthier communities At TCS, we actively encourage our employees and their families to make fitness and wellness a part of their lives. This not only helps them have a balanced work life, it also creates higher energy and a feeling of well being at the workplace," said N Chandrasekaran, CEO and MD, TCS.
Source: prnewswire.com

Bank of America Corp. reported a fall in its first-quarter profit Friday by 4%

2010-04-16T13:01:00.001-07:00

Bank of America Corp. reported a fall in its first-quarter profit Friday, in part due to lower mortgage-banking activity -- but its results handily beat Wall Street expectations.
First-quarter net income was $3.2 billion, or 28 cents a share, versus $4.2 billion, or 44 cents a share, a year earlier, Bank of America /quotes/comstock/13*!bac/quotes/nls/bac (BAC 18.31, +0.01, +0.06%) said.
Revenue at the bank fell 11% year-on-year to $32 billion, driven by what it said were the absence of credit-related gains on Merrill Lynch-structured notes that it had enjoyed last year, as well lower mortgage-banking volume and income.
First-quarter provision for credit losses was $9.8 billion, down from $13.4 billion in the first quarter of 2009.

Infosys Technologies offers 17% pay hike for over 100,000 of its employees in 2010

2010-04-15T11:36:00.000-07:00

Infosys Technologies will offer up to 17% salary hikes for over 100,000 of its employees this year, as the company seeks to retain staff and also attract new recruits in the year when most of its rivals are expected to lock horns in the war for talent.
Source:Economictimes

Tata Consultancy Services TCS Q4 Results 2010,TCS 2010 Q4 Results

2010-04-14T00:44:00.000-07:00

You can get the results on your cell phones by sending a SMS ‘R TCS’ to 51818. It was rather a long wait to announce the date of quarterly results. Meanwhile TCS is all set to announce the salary hike. TCS Salary Hike 2010 seems to be a hot point of discussion in many forums as the company has about 1,44,000 employees in its payroll and plans to hire another 30,000 in FY11. Unlike many other software exporting companies TCS has not announced any salary hike to its employees in the last one year.
Infosys and Wipro Technologies has already announced salary hike to their employees sometime back. So it will be interesting to see TCS Salary Hike 2010 announcements. As per some discussion forums the company has announced the Performance bands of its employees few days back and the TCS salary hike will be based on the bands the employees have obtained after their annual appraisal process.
As per some analysts TCS revenue for Q4 2010 will be somewhere around Rs 7870 crores and Profit of the company in Q4 2010 will be around Rs 1,870 crores

TCS Q4 Results 2010 To Be Announced On April 19,2010. TCS Salary Hike 2010 Also To Be Announced.

2010-04-14T00:42:00.000-07:00

Finally after a long silence period, Tata Consultancy Services (TCS) has announced its Q4 results date. TCS Q4 Results 2010 will be announced on April 19,2010. The board meeting of directors is scheduled on April 19, 2010 to approve and announce TCS Q4 Results 2010. The board will also announce a final dividend to its share holders.
You can get the results on your cell phones by sending a SMS ‘R TCS’ to 51818. It was rather a long wait to announce the date of quarterly results. Meanwhile TCS is all set to announce the salary hike. TCS Salary Hike 2010 seems to be a hot point of discussion in many forums as the company has about 1,44,000 employees in its payroll and plans to hire another 30,000 in FY11. Unlike many other software exporting companies TCS has not announced any salary hike to its employees in the last one year.
Infosys and Wipro Technologies has already announced salary hike to their employees sometime back. So it will be interesting to see TCS Salary Hike 2010 announcements. As per some discussion forums the company has announced the Performance bands of its employees few days back and the TCS salary hike will be based on the bands the employees have obtained after their annual appraisal process.
As per some analysts TCS revenue for Q4 2010 will be somewhere around Rs 7870 crores and Profit of the company in Q4 2010 will be around Rs 1,870 crores.

Infosys Q4 Results 2010

2010-04-14T00:35:00.001-07:00

Hi Friends here is latest information related with Infosys Q4 Results 2010. Infosys Q4 Results 2010 will be announced. Infosys Q4 Results 2010 can easily be downloaded from following links. It is very easy to see Infosys Q4 Results 2010. Yes guys Infosys Q4 Results 2010 announced soon. You can see your Infosys Q4 Results 2010 here. Just feed your roll no. here and get your Infosys Q4 Results 2010. Best Of Luck Friends !!!
For Further details of Infosys Q4 Results 2010 you can check out websites :-
1. Infosys Q4 Results 2010
2. Infosys Q4 Results 2010

Infosys Q4 2010 Results To Be Announced On April 13, 2010

2010-04-14T00:34:00.001-07:00

Another high growth quarter has come to an end and its the time to track the performance of Indian Inc starting April 2010. And as always Infosys Technologies, India’s Second largest Software exporter is one among first companies to announce its Q4,2010 results. Infosys Q4 2010 Results will be declared on April 13,2010.
In a press release on March 24th 2010, Infosys declared the date of announcement of its Q4 results. Investors and traders alike eagerly wait for Infosys quarterly results as it gives a definite momentum to the markets. Since last few quarters Infosys has been giving cautious outlook and guidance for forthcoming quarters and has always beat its own guidance by record margin. And we expect the same this time around.
On April 13, 2010 Infosys will declare its Q4 2010 as well as Yearly results of 2009-10 and also give guidance for the next financial year. If you want to access Infosys Q4 2010 Results on your mobile just type ” R Infosys”/ ” Results Infosys” and send it to 51818 and you will get the results update directly on your mobile sets.
Estimated Results of Infosys Q4 Results 2010 :-
Revenues = Rs 5870 Crores.
Profit= Rs 1,608 Crores.

Infosys Q4 2010 Results:Rs 1,600-cr Q4 profit despite strong rupee

2010-04-14T00:33:00.000-07:00

Infosys Technologies, which kick-starts the earnings season every year, forecast a dip in margins in the short term, even as it looks at healthy revenue growth for the current fiscal.
The company attributed the possible blip in margins to a strong rupee, which pulled down its fourth quarter profit for the year ended March 2010 by nearly one per cent to Rs 1,600 crore, compared with the same period last year.
For the first quarter of the fiscal, the IT bellwether said income will grow between 8.2 per cent and 9 per cent, resulting in figures between Rs 5,919 crore and Rs 5,963 crore. For the entire fiscal, income is expected to grow between 9 per cent and 11 per cent or between Rs 24,796 crore and Rs 25,239 crore. Earnings per share are expected to decline to a growth of 2.1 per cent.
A stronger rupee, coupled with the company's commitment to increase compensation, is expected to bring down margins by 150 basis points in the first quarter of 2010-11.

Gerald Celente on Morning Show Lee Rodgers January 05 2010

2010-01-17T04:05:00.000-08:00

Gerald Celente The master of trends also known as Dr Doom and the Nostradamus of Modern Times , Gerald Celente is regarded as one of the foremost trend forecasters in the world. This author of Trends 2000 and Trend Tracking, and publisher of The Trends Journal, is frequently a guest on television news and talk show programs. The New York Post said "if Nostradamus were alive today, he'd have a hard time keeping up with Gerald Celente."

personal income tax budget highlights 2009 2010 |Union Budget 2009 and income tax slab highlights

2010-01-16T12:06:00.000-08:00

Finance minister Pranabh Mukharjee has presented the union budget for year 2009-10 today. The budget that has more stress for infrastructure development also includes a modified income tax slab.
Main attraction - Income tax exemption limit increased. Income tax exemption limit for senior citizens is now 2.4 lakh, for women it is 1.90 lakh and for all others the income tax exemption limit will be 1.60 lakh.

Income tax slab base for 2009-2010 raised to 1,60,000 rupees for individual tax payer. This in an increase of slab base from the earlier Rs 1.50 lakh. For women the exemption limit according to latest tax slab will be Rs 1.90 lakh, which is an increase of Rs 10,000 from the earlier rate of Rs 1.80 lakh. Senior citizens will enjoy an extra Rs 15000 as the exemption limit is increased to Rs 2.40 lakhs from an earlier 2.25 lakhs
The current budget has removed of 10 per cent surcharge on personal income tax.
Fringe benefit tax and Commodities transaction tax has been removed in the current budget
The budget displayed a major allocation for infrastructure projects.
Defence budget increased by 34 per cent. Current allocation is 1,41,703 crore

Check Modified Income tax slab for the modified income tax slabs for financial year 2009-2010. You may also want to use the free quick Income tax calculator for finding out your tax based on the latest income tax slab.

Highlights of interim budget 2009-2010

2010-01-16T12:03:00.000-08:00

Highlights of interim budget 2009-2010

Aam Aadmi in the focus of development process
Two new schemes-Indira Gandhi National Widow Pension and Indira Gandhi National Disability Pension schemes to be launched
Rs. 1,31, 317 crore allocated to flagship programmes
GDP records sustained growth of over 9 per cent for 3 consecutive years
Rs. 953,231 crore expenditure poposed for 2009-10
Farm Credit disbursements up 300 per cent â€“ touch Rs. 2.5 lakh crore in 2007-08
Rs. 65,300 crore debt waiver and relief given to 3.6 crore farmers
Rural Infrastructure Development Fund corpus increased to Rs. 14,000 crore in 2008-09
60.12 lakh houses for weaker sections constructed under Indira Awaas Yojana
15 central universities established, 6 new iits start functioning; two more to commence this year
Financial sector reforms strengthen regulatory mechanism of securities market
NPAs of Public Sector Banks decline
CPSEs turnover increases from Rs. 5,87,000 crore in 2003-04 to Rs. 10,81,000 crore in 2007-08
Revenue deficit for 2009-10 estimated at 4 per cent and fiscal defict 5.5 per cent of gdp
Fiscal deficit down from 4.5 per cent in 2003-04 to 2.7 per cent in 2007-08
US $ 32.4 billion fdi received in 2007-08.
Rs.100 crore for unique identification authority
Defence gets Rs. 1,41,703 crore in the interim budget
Panchayat empowerment and accountability scheme to be substaintially expanded

Reliance Industrial Infrastructure Ltd has announced the financial results for the quarter ended on 31-December-2009 Q3 profit up at Rs 5.87 crores

2010-01-16T12:01:00.001-08:00

Reliance Industrial Infrastructure Ltd has announced the financial results for the quarter ended on 31-December-2009. The Net Sales was at Rs.13.21 crores for quarter ended on 31-December-2009 against Rs.18.24 crores for the quarter ended on 31-December-2008.

The Net Profit / (Loss) was at Rs.5.87 crores for the quarter ended on 31-December-2009 against Rs.5.67 crores for the quarter ended on 31-December-2008.

The company has reported an EPS of Rs.3.89 for the quarter ended on 31-December-2009 against Rs.3.76 for the quarter ended on 31-December-2008.

The Net Sales was at Rs.40.55 crores for 9 months ended on 31-December-2009 against Rs.52.70 crores for the 9 months ended on 31-December-2008.

The Net Profit / (Loss) was at Rs.16.53 crores for 9 months ended on 31-December-2009 against Rs.16.01 crores for 9 months ended on 31-December-2008.

The company has reported an EPS of Rs.10.95 for 9 months ended on 31-December-2009 against Rs.10.60 for 9 months ended on 31-December-2008.

State Bank of Travancore Ltd has announced the financial results for the quarter ended on 31-December-2009

2010-01-16T12:00:00.002-08:00

State Bank of Travancore Ltd has announced the financial results for the quarter ended on 31-December-2009. The Total Income was at Rs.1259.22 crores for quarter ended on 31-December-2009 against Rs.1273.55 crores for the quarter ended on 31-December-2008.

The Net Profit / (Loss) was at Rs.164.95 crores for the quarter ended on 31-December-2009 against Rs.260.85 crores for the quarter ended on 31-December-2008.

The company has reported an EPS of Rs.32.99 for the quarter ended on 31-December-2009 against Rs.52.17 for the quarter ended on 31-December-2008.

The Total Income was at Rs.3629.02 crores for 9 months ended on 31-December-2009 against Rs.3439.35 crores for the 9 months ended on 31-December-2008.

The Net Profit / (Loss) was at Rs.467.04 crores for 9 months ended on 31-December-2009 against Rs.415.80 crores for 9 months ended on 31-December-2008.

The company has reported an EPS of Rs.93.41 for 9 months ended on 31-December-2009 against Rs.83.16 for 9 months ended on 31-December-2008.

Suzlon Wind Energy A/S enters Swedish wind market with 4.2 MW order

2010-01-16T12:00:00.000-08:00

Suzlon Wind Energy A/S (SWEAS), the International business arm of Suzlon Energy Limited - broke new ground with its first order in Sweden. The order from Triventus AB, the highly respected wind power developer and consultant in Sweden, comprises of two S88-2.1 MW wind turbines. The 4.2 MW Assjo Project, located 150 km from Goteborg and Stockholm, will be delivered by SWEAS through a contract that covers engineering, procurement and construction.

The project iwll be sold to Svensk Vindkorporativ Ek. Forening (SVEF), an active local wind power corporative after 6 months of oepration. Suzlon will also sign service and maintenance partnership agreement with Triventus Energiteknik AB, subsidiary of Triventus AB, which will be applicable to future Suzlon projects in Sweden as well as to ensure fast turnaround time and flexible service.
Sweden is a high potential wind market with more than 1000 MW wind power already installed making it the 10th largest installed base for wind within Europe. However, with almost 3000 MW more expected to be installed by 2013, and new orders of over 1000 MW over 2008-09 alone. Sweden ranks as the 6th larges wind market in Europe.

In 2009, the Swedish Government set forth an integrated climate and energy policy for up to 2020. This forms the most ambitious climate and energy policy ever presented by a European country and proposes highly ambitious targets including that half of Sweden's energy coming from renewable sources in 2020. Sweden's net emissions of greenhouse gases being equity to zero by the middle of the century with a 40% greenhouse emissions reduction target for 2020.

Speaking on the order, Mr. Erik Winther Pedersen - CEO, Suzlon Wind Energy A/S said, "This is our first step into the exciting and promising swedish wind market. We are very happy to take this step in partnership with Triventus AB laying the foundation for a strong future. We believe this is an example of our commitment and capabilities that allow us to create solutions that are optimized to the market conditions and our customer's needs."

Mr Gert-Olof Holst - Managing Director, Triventus AB said, "The project called for flexible wind turbine suppliers with an open profile towards operations and maintenance system and technology and Suzlon has worked very hard to meet our needs perfectly. We are confident of their products and services, and look forward to a mutually rewarding relationship in the long term."

Speaking on the order, Mr. Sumant Sinha - COO Suzlon Energy Limited said, "This marks the beginning of Suzlon's establishment in Sweden which with its far reaching vision on climate change and energy presents a very exciting market opportunity for us. This new order testifies to our customer centricity, and we look forward to expanding our footpring in Sweden and the world over.

Citigroup Inc announced a $2 million commitment for immediate relief and recovery efforts to Haiti Recovery Efforts

2010-01-16T11:58:00.000-08:00

In response to the devastating earthquake in Haiti on Tuesday, Citigroup Inc announced a $2 million commitment for immediate relief and recovery efforts. Citi will give $250,000 to the American Red Cross for immediate relief and the remainder will be given to local partners for medium- to long-term reconstruction efforts.

Citi CEO Vikram Pandit said: "Our thoughts and prayers are with the people of Haiti and the families and friends of Citi employees in Port-au-Prince. Citi has been operating in Haiti since 1971. Citi's relief efforts will help aid organizations on the ground facilitate the preservation of life and the rebuilding of the country. I would also like to thank Citi employees in Haiti and from around the world who have been so generous in their efforts to help."

South Indian Bank Ltd has announced the financial results for the quarter ended on 31-December-2009 |South Indian Bank Q3 profit up at Rs 62.46 crores

2010-01-16T11:57:00.000-08:00

The South Indian Bank Ltd has announced the financial results for the quarter ended on 31-December-2009. The Total Income was at Rs.530.91 crores for quarter ended on 31-December-2009 against Rs.487.38 crores for the quarter ended on 31-December-2008.

The Net Profit / (Loss) was at Rs.62.46 crores for the quarter ended on 31-December-2009 against Rs.54.20 crores for the quarter ended on 31-December-2008.

The company has reported an EPS of Rs.5.53 for the quarter ended on 31-December-2009 against Rs.4.80 for the quarter ended on 31-December-2008.

The Total Income was at Rs.1586.53 crores for 9 months ended on 31-December-2009 against Rs.1332.37 crores for the 9 months ended on 31-December-2008.

The Net Profit / (Loss) was at Rs.195.14 crores for 9 months ended on 31-December-2009 against Rs.144.50 crores for 9 months ended on 31-December-2008.

The company has reported an EPS of Rs.17.27 for 9 months ended on 31-December-2009 against Rs.12.79 for 9 months ended on 31-December-2008.

JPMorgan Chase fourth quarter 2009 net income at $3.3 billion

2010-01-16T11:56:00.000-08:00

JPMorgan Chase & Co. reported fourth-quarter 2009 net income of $3.3 billion, compared with net income of $702 million in the fourth quarter of 2008. Earnings per share were $0.74, compared with $0.06 in the fourth quarter of 2008. For the full year of 2009, net income was $11.7 billion, or $2.26 per share, up from $5.6 billion, or $1.35 per share, in 2008.

Wells Fargo to announce Fourth Quarter Earnings on January 20, 2010

2010-01-16T11:51:00.001-08:00

Wells Fargo & Company (NYSE: WFC) is scheduled to announce its fourth quarter 2009 earnings on Wednesday, January 20, 2010, at 5 a.m. PST (8 a.m. EST). The news release will be available at wellsfargo.com/invest_relations/earnings.

The Company will host a live conference call on Wednesday, January 20, at 7:30 a.m. PST (10:30 a.m. EST). You may participate by dialing 866-872-5161 (U.S. and Canada) or 706-643-1962 (International). Please dial in at least 15 minutes prior to the start of the call. The call will also be available at wellsfargo.com/invest_relations/earnings.

Wells Fargo to announce Q4 Results on January 20, 2010

2010-01-16T11:51:00.000-08:00

China forex reserves hit record $2.4 trillion

2010-01-16T11:47:00.000-08:00

China’s foreign exchange reserves surged to a record level in December and new loans exceeded forecasts, raising stakes in Premier Wen Jiabao’s campaign to avert asset-price bubbles.
In comparison, India’s forex reserves jumped $741 million to $284.26 billion during the week ended January 8, according to the Reserve Bank of India.
Reserves in China rose 23 per cent to $2.4 trillion, the world’s largest, according to a People’s Bank of China (PBoC) statement on its website yesterday. Banks extended 379.8 billion yuan ($55.6 billion) of new loans, taking the annual total to an unprecedented 9.59 trillion yuan, PBoC reported.
Accelerating inflation might encourage the Chinese government to end the 18-month-old yuan peg to the dollar and allow a 3 per cent appreciation by year-end, said Isaac Meng, senior economist at BNP Paribas SA in Beijing.
Along with a stronger yuan, policy makers would have to follow up on their decision this week to raise the share of deposits banks must set aside as reserves, Meng said. The risk: surging lending growth and an influx of speculative capital from abroad may destabilise the world’s third-largest economy with bubbles from property to stock markets.
Wen’s cabinet pledged last week that regulators would step up monitoring of speculative funds after the biggest jump in property prices in 18 months in December.

TCS to announces Q3 results on Jan 15, 2010 ,Q3 Revenues at Rs 7649 cr; up 5.1%

2010-01-16T11:43:00.000-08:00

Tata Consultancy Services Ltd (TCS) has announced that a meeting of the Board of Directors of the Company will be held on January 15, 2010, inter alia, to approve and take on record the audited financial results of the Company for the quarter and nine months ended December 31, 2009 and to consider declaration of a Third Interim Dividend, to the equity shareholders.
Key Highlights:

On a sequential (quarter-on-quarter or QoQ) basis, TCS' net profit jumped 11.1 per cent while its revenue jumped 2.9 per cent
revenue was up 10.3 per cent YoY and 6.3 per cent QoQ while its net profit rose by 38.9 per cent YoY and 14.2 per cent QoQ.
The utilisation rate improved to 81.1 per cent (excluding trainees) and 77.2 per cent (including trainees)
The attrition rate in Q3 was at 11.5 per cent with attrition in IT services at 10.8 per cent and BPO at 18.3 per cent.
TCS signed 10 "significant" deals this quarter of which 7 were from North America, signalling a recovery

2010 Military Pay Chart: 2010 Military Bah Chart, Rates

2009-12-19T23:08:00.000-08:00

2010 Enlisted Pay Chart :
2010 Officer Pay Chart :
2010 Enlisted Reserve/Guard Drill Pay Chart :
2010 Officer Reserve/Guard Military Drill Pay Chart :

The full Senate On July 23, 2009 passed the National Defense Authorization Act for Fiscal Year 2010 which states, "Increase in Basic Pay- Effective on January 1, 2010, the rates of monthly basic pay for members of the uniformed services are increased by 3.4 percent."

On July 30, 2009 the U.S. House of Representatives approved a similar fiscal 2010 defense spending bill which also includes a 3.4% increase of military base pay for 2010. The 2010 pay raise amount, as a point of interest, effects those enlisted personnel who will hit the 30 year high year tenure (HYT) mark as those members are the last to have joined under the "final pay" retirement system

2010 military pay chart | BAH Rates |2010 US Military Basic Pay Charts

2009-12-19T23:05:00.000-08:00

2010 US Military Basic Pay Charts Details :

2010 Enlisted Pay Chart :
2010 Officer Pay Chart :
2010 Enlisted Reserve/Guard Drill Pay Chart :
2010 Officer Reserve/Guard Military Drill Pay Chart :

The full Senate On July 23, 2009 passed the National Defense Authorization Act for Fiscal Year 2010 which states, "Increase in Basic Pay- Effective on January 1, 2010, the rates of monthly basic pay for members of the uniformed services are increased by 3.4 percent."

On July 30, 2009 the U.S. House of Representatives approved a similar fiscal 2010 defense spending bill which also includes a 3.4% increase of military base pay for 2010. The 2010 pay raise amount, as a point of interest, effects those enlisted personnel who will hit the 30 year high year tenure (HYT) mark as those members are the last to have joined under the "final pay" retirement system.

Basic Allowance for Housing (BAH) - BAH is paid to uniformed service members to provide housing compensation based on pay grade, zip code, and dependency status. Housing allowance is payable when government quarters are not provided or when temporarily residing in barracks.
view current BAH rates here : LINK

Basic Allowance for Subsistence (BAS)- BAS is a rate based on the service member only and is not intended to cover spouses and/or family members’ food/subsistance costs. As of January 1, 2009, all enlisted military members in a proper status draw a full BAS monthly rate of $323.87 and $223.04 for Officers. Service members who draw BAS are required to pay for their own meals, even if provided by the government.
here for : 2009 military pay

Cost of Living Allowance (COLA) - COLA is a cash allowance intended to compensate for high cost of living areas. COLA is not assigned to areas where the cost of living is less than of meets the average of that in the United Sates. A service member must be permanently assigned to the area to receive COLA.

Family Separation Allowance (FSA) - All pay grades, $250.00. FSA provides compensation for added expenses incurred because of an enforced family separation. FSA is payable to qualified members serving inside or outside the United States.

Travel Insurance, Auto Insurances have a high demand.

2009-12-14T06:41:00.000-08:00

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USA Insurance

State wise Insurance list of USA | Insurance in USA | USA Insurance details and quotes

2009-12-14T06:39:00.000-08:00

car insurance usa
holiday insurance usa
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pet insurance usa, pet insurance in usa
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Insurance in USA, USA Insurance, USA Car Insurance, Travel

2009-12-14T06:36:00.000-08:00

Insurance in USA

The total premiums of the United States have reached at US $ 1,055,498 millions among which the premiums from life insurance were at US $ 480,919 millions and from non-life insurance were at US $ 574,579 millions, according to the U.S. Central Intelligence Agency, (economic/demo-graphic data) 2003.

The total assets of life insurance companies have grown at an average annual rate of 12 percent from 2002 to 2004, rebounding from slower growth of 3 percent from 2000 to 2002. Companies like MetLife, Prudential Financial, New York Life Insurance and others deal with the life and Health Insurances of the country.

Among other types of the insurances of the country Travel Insurance, Auto Insurances have a high demand. The Auto Insurance follows Liability coverage, Bodily Injury Coverage, Property damagecoverage, Medical payment coverage, Personal Injury Protection (PIP), Uninsured Motorist coverage and collision coverage.

Important tips tobe followed for Home loan

2009-12-14T06:23:00.000-08:00

To increase your loan eligibility, combine your income with that of your spouse, children or parents
Always negotiate - the first home loan interest rate quoted is never the final rate
Before paying the loan processing fee request lender for preliminary check on the property
Buy Loan Protector Life Insurance - ensure your family can use the house if you are not alive
Immediate disbursement get best rates – talk to home loan providers when you are close to finalizing your property

Top 5 tips to follow on home loans ,Insurance and Tax

2009-12-14T06:21:00.000-08:00

Benefits aside, most of us still have to grapple with the fine print of a loan agreement.
A home loan helps you reduce your tax burden besides offering the pleasure of owning a house and living in it.

Increasing your loan eligibility

How to get the best rate for your loan

Can one get both exemption of HRA as well as deduction of interest payable on the home loan?

Funding your down payment requirement

In addition to above i would suggest some more way to save tax
BORROWERS INSURANCE ATTACHED TO HOME LOAN
1 some of the home loan company offer borrower insurance under which if borrower died no further payment of emi is taken from the survivors so it is a good insurance devise also. Suppose a borrower take loan of rs 10.00 lacs and after one year he died then rest of the loan woudl woudl be paid by the insurance companies. And survivors woudl be entitled for without encumberance home.
Maximum your tenure
Every assessee should take maximum tenure of loan. As such EMI would be less with .5% higher interest burden. He should deposit the differential [ EMI ON SHORT TENURE-EMI ON LOGEST TENURE ] with PPF. As the interest earned on PPF is same 8% but home loan interest is tax deductible so effective rate is less
For example if home loan interest rate is 8.5% and rate of Tax is 30% then effective rate comes to 8.5%-30% of 8.5% being tax saving

If the assess deposit the excess with PPF then after fifteen year he withdraw the money and repay his home loan he would be saving a lot

Further, with longest tenure his interest components will be more then Capital repayment comp

Cheap UK Car insurance and home insurance quotes comparison

2009-12-14T06:15:00.000-08:00

Price Watch

Pricewatch is unique one, they are the only broker in the UK that compares its own prices to the whole market to ensure that customers get the best possible rates.

Flexible Instalment Plans – Pay monthly for your car insurance
Competitive Premiums – Compare motor insurance quotes from leading UK insurers to save you money
Legal Cover Included – Our policies include legal as standard
Young Driver Motor Insurance – We specialise in cheaper car insurance for young drivers.

7 ways to save Money on Auto insurance |Best auto insurance rates,quotes and delears

2009-12-14T06:13:00.000-08:00

1st way:

Earn a Low Mileage Discount

2nd way:

Drive a Hybrid

3rd way:

go with $600 or $9,000 Deductibles

4th way:

Buy Gap Insurance

5th way:

Protect Your Credit

6th way:

Earn Renewal Discounts

7th way:

Insure Your Home and Auto Wisely

Compare Car Insurance Quotes | Auto Insurance Quotes

2009-12-14T06:08:00.000-08:00

Get Real, Competing Car Insurance Quotes From 15 Top-Rated Carriers. Progressive Insurance The Hartford Travelers Insurance Liberty Mutual Insurance Safeco

Top 10 Best Car insurance companies of 2009

2009-12-14T06:05:00.000-08:00

Here is a list of Top 10 Best Car Insurance Companies
1) Esurance
2) Geico
3) Allstate
4) AAA
5) 21st Century Insurance
6) State Farm
7) Progressive
8) Liberty Mutual
9) Nationwide
10) American Family

Types of Insurances present-An introduction to the most common types of insurance, including a step-by-step approach to buying insurance and an explanation of the different types of policies.

2009-12-13T08:08:00.000-08:00

Basically, the purpose of all insurance is to protect yourself or your family against the financial impact of a tragedy

The advantage of going to an agent is that an honest and competent one can review your situation and make suggestions. The advantage of going on your own is that you usually pay less for the same amount of insurance

Types of Insurances:

LIFE INSURANCE

AUTO INSURANCE

HOMEOWNERS' INSURANCE

APPLIANCE PROTECTION INSURANCE

HEALTH INSURANCE

Auto Insurance India, Auto Insurance rates, Auto Insurance

2009-12-13T07:45:00.000-08:00

Any light motor vehicle used for social, domestic and pleasure purposes and for the insurer's business.

1(a). Loss or damage by accident, fire, lightning, self ignition, external explosion, burglary, housebreaking or theft, malicious act. 1(b). Riot and strike; terrorism; earthquake; flood, cyclone and inundation 1(c). whilst in transit by rail, road, air, elevator, lift. Perils under 1(b) can be deleted and a discount in premium availed. 2. Liability for third party injury/death, third party property and liability to paid driver. 3. On payment of appropriate additional premium, loss/damage to electrical/electronic accessories, PA cover for drivers, insured or any named person, unnamed passengers can also be taken. 4. Certain discounts in premia are also available.

Act Liability

Death or bodily injury to third parties
Death or bodily injury to any person carried in the car provided they are not insured Employees and not carried for hire or reward
Liability to paid driver - As per W. C. Act
All costs and expenses incurred with company's written consent

f) In case of death of the Insured/any person entitled to indemnity for a liability incurred under this Policy,his personal representative will be indemnified ,as in the case of insured,if he observes all conditions as the insured himself.

Money Market and Foreign Exchange Market

2009-12-13T07:38:00.000-08:00

Stigum's Money Market
Now in its fourth edition, this is the classic book on the US money market. Based on hundreds of interviews with market practitioners, it is an in-depth look at all corners of the market, from Treasuries to repos and Eurodollar futures. Market makers, electronic trading, and the role of the Fed are all explained. The book is rich in history and industry folklore. There is almost no math here, just engaging writing

How is Trading Forex Different from Trading Stocks

2009-12-13T07:34:00.000-08:00

How is the Forex Market Different?
There are some significant differences between the forex market and others like the stock market. While it may be the feeling that a good trader should be able to handle any market, the fact of the matter is that some structural differences in forex can require a different trading approach.

MIC Electronics bags order from worth Rs. 18mn from Western and Southern Railways from WIZCRAFT

2009-12-13T07:30:00.000-08:00

MIC Electronics has bagged a order worth RS18 mn from Western and Southern Railways from WIZCRAFT.

The company has trail orders worth Rs22.5mn received from Industrial houses and FMCG company for supply of LED Luminaries of 60 W to 120 W and few more in pipe line from industrial houses for LED Luminaries.

MIC Electronics Ltd has announced the installation of True Colour LED Video Display Systems for passenger Information at Hubli, South Western Railway, order worth Rs. 13.3mn

MIC Electronics fixes Book Closure for Dividend & 21st AGM

2009-12-13T07:28:00.000-08:00

MIC Electronics Ltd has announced that the Register of Members & Share Transfer Books of the Company will remain closed from December 25, 2009 to December 30, 2009 (both days inclusive) for the purpose of Payment of Dividend & 21st Annual General Meeting (AGM) of the Company to be held on December 30, 2009.

The stock was trading at Rs.40.85, up by Rs.0.65 or 1.62%. The stock hit an intraday high of Rs.41.30 and low of Rs.40.30.

The total traded quantity was 153127 compared to 2 week average of 175875.

Mahindra Satyam named Deloitte as its auditors

2009-12-13T07:25:00.000-08:00

Mahindra Satyam, once Satyam Computer that was embroiled in the country's biggest ever corporate fraud, is now promising to help enterprises meet challenges.

Having seen its ownership going to the Mahindra Group after the fraud perpetuated by its founder and former chief Ramalinga Raju, Satyam Computer has also changed its name to Mahindra Satyam or M-Sat.

Continuing with the transformation process, the company late last week also revamped its website, which now boasts of a new theme --Unlock Enterprise Potential -- about its approach to customers.

Stock Market Tips for Buying /selling Shares in NSE,BSE

2009-05-19T03:39:00.000-07:00

Prices that go up can come down
The first and most important rule is that the price of shares can go down as well as up. Because a share may have been performing very well for many years is no proof that it will continue to do so. All sorts of unforeseen and unexpected events can bring about sharp reversals in a company’s fortunes.

What can you afford to lose?
You shouldn’t invest any more money than you can afford to lose.
Understand your attitude to risk
To get bigger rewards you have to take bigger risks. This attitude can make you huge returns but can also lose you all your money. If you fancy a gamble, take this route. However, most people want to minimise their exposure to risks in the stock market. To achieve this don’t put all your eggs in one basket. A variety of investments across a range of different companies in different sectors of the market is more likely to insulate you from the ups and downs in individual shares.
There are many and varied ways of spreading your risk. You could choose to invest in companies in different sectors of the market, such as banking, retail and technology, or you could spread your risk by picking some large companies and a selection of smaller companies.
Bigger can be safer
Large companies, with strong finances and a long history, are far less risky than small, recently formed companies whose strength hasn't really been tested in the market place.
Big, safe companies are known as 'blue chips'. (In gambling, blue chips traditionally have the highest value.) Such companies are very unlikely to go bust. But even these are not completely immune. The demise of Marks & Spencer's share price is testament to that. There's no room for complacency in investment.
The flipside of ‘safety shares’ is that they are unlikely to grow fast, so you could expect a steady, unspectacular return from this kind of stock.
Be in it for the long term
To insulate yourself from falls or even stock market crashes, experts believe you should plan to keep your investments for a minimum of five years. That way, you’re more likely to ride out any downturn. If you think you could need your money before five years, you should steer clear of investing in the stock market at all.
Don’t panic and sell at a loss
The worst thing you can do should you suffer a downturn in one or all your shares, is to sell. This simply crystallises your losses. Keep a cool head and see what happens to the price of the shares over the next few months or even years. If losses occur across all your shares and were linked to a general stock market downturn, chances are that the market as a whole will recover in time. If your losses are connected to a particular share, you need to make a judgement call as to whether the company’s fortunes will change. If you think the situation will remain poor, it may be best to cut and run with whatever funds you have left.
It’s much easier to buy than to sell
Selling is the only way to cement any gains. A ‘paper profit’ is just that – worthless. Many people find it hard to sell their shares, particularly if they have made a profit.
There is no room for sentimentality in investment. It can often pay to accept that you will never sell your shares at the very top of the market. Waiting for the top can expose you to seeing your valuable shares slide in price.

How to Buy Shares Online: A Guide to Buying Shares on The Stock Market

2009-05-19T03:34:00.000-07:00

Buying shares online is very easy way and convenient way. To buy shares online first you have to Open a Demat Account and Trading Account with any of the registered share broker. You will be provided with an User Id and Password when u get your Demat and Trading Accounts. Then Open your Brokers Web page or Software and use your User Id and Passwords to log in. After Logging In you have to select the company which shares you want to buy then Click on Buy Option and enter the no of shares you want to buy and also enter the price at which you want to buy. That's it. There are many things to remember when you buy shares. stop loss, short sell, Intraday, Delivery, Cash trade e.t.c.

While from within the country you can use http://icicidirect.com, for NRIs; ICICI provides a sub domain based web address http://nri.icicidirect.com for online trading. You must first transfer the money to your ICICI bank account through a transfer of funds from your resident country, assuming that you do not already have money for use of share trading in your account.

How much money is needed?

This is a question many people ask. There is no fixed figure here. You can buy shares for as small an amount as Rs. 500 (depending on which stocks you buy) or as much as whatever your financial capacity entitles. Understand that money is no constraint here. You can start very small; gradually increase your investment in equities. In fact this is the preferred method when you are new. So that you can understand the dynamics of the market as you increase your investment and make smart moves.

Going back to buying and selling, after you login to your account for the first time, you may need to agree some terms and conditions. Then you can allocate funds through the allocation menu, assuming that you have already transferred money to your bank – DMAT account, Select Non PINS account for primary markets (IPOs) and PINS account for secondary markets (equity purchase). You will be mostly using PINS account.

Market or Limit order:

Market order for a sell or buy means that the order is immediately executed at the current market price of that stock. A limit order means that you are specifying the amount of money you are willing to pay or get (in case of a sell) for that particular stock. For example if the current market price of a share is 100 you can say you are willing to buy it at 99. Such a limit order when placed is queued for execution at the exchange. The moment the price of that share reaches the value specified, the order get executed. If it does not reach the specified value, the order gets cancelled at the end of the market day. Same thing happens if it is a sell order.

Once you confirm your sell or buy order, your order appears on the order book. This is where you can monitor the status of your order. It is then queued and executed (status changes automatically depending upon whether the exchange is trading at that particular time, whether your price can be acceptable for a purchase etc. Examples of status indications are 'queued', 'executed', and 'cancelled' (if you did).

Also, once a limit order has been placed, the system will automatically present you an option to make changes to that order after it had been unsuccessful in executing for a certain period of time. At this stage, you can decide either to modify or cancel your order. If you choose to do nothing, your order will continue to wait until the value specified by you, matches the market value.

Sensex closed at 14302, up 17 points (provisional) and Nifty at 4318, down 4 points (provisional)

2009-05-19T03:26:00.000-07:00

The market ended flat today amid high volatility and saw the highest turnover ever of Rs 1.57 lakh crore. Sensex closed at 14302, up 17 points (provisional) and Nifty at 4318, down 4 points (provisional) from the previous close. CNX Midcap index was up 2.21% and BSE Smallcap index was up 2.59%. There was heavy buying in realty (BSE Realty index up 12.8%) and selling in IT stocks (BSE IT index down 10%). The market breadth was positive with advances at 924 against declines of 332 on the NSE

Sensex Hits 14000 points create history

2009-05-18T13:45:00.000-07:00

Welcoming UPA's win in the solon elections markets unsealed on a real upbeat say triggering of journeying breakers for the primary period ever. The shares surged nearly 15 percent within seconds of alternative on Monday, triggering circuit breakers that halted occupation for two hours as investors glorious a comprehensive election victory for the judgement union. The markets further stretched their gains which triggered the unalterable journeying breaker that shuts patronage for the day. It was the honours minute a journey wave has been set off by a origin in the Bombay Repute Change (BSE), a spokesman said. The measure 30-share BSE indicant wine 14.70 proportion to 13,963.30 points, its highest since September 23, and the 50-share General Reputation Mercantilism (NSE) finger jumped 14.48 pct to 4,203.30, also an eight-month squeaky. Earlier, the BSE said its forefinger had risen 10.7 proportion before the halt. "It is real startling because the turnover was not some. It's rattling calculating to interpret how the racetrack breakers get been triggered when the volumes are so low," T.S. Harihar, evil chairman at ICICI Securities, said. Raceway breakers are set supported on moves of 10 proportionality, 15 percent and 20 pct using the chummy to the previous kill as a drug. Triggering a raceway ledgeman in one market also closes the different. The BSE forefinger was up 1,789.88 points and the NSE indicant was up 531.65 points at the preclude, both having decussate the 15 pct causing limits. When trade resumed, the BSE forefinger wide its ascend by 160.12 points to 1,950 points and the NSE vino another 68.35 points to be up 600 points on the day, the 20 proportion decrease was triggered and line was halted for the day.

Inter 2nd year Board of Intermediate results 2009 | inter 2nd year results

2009-04-23T09:25:00.000-07:00

Hyderabad: The Board of Intermediate Education of Andhra Pradesh(BIEAP) is likely to announce the Intermediate Second Year - General & Vocational Examination Results 2009 on April 24, 2009.

Students can also get their results through Mobile Phones by sending the following SMS to '56263':
For Intermediate General Second Year:
SMS Result APGEN2 to 56263
For Intermediate Vocational Second Year:
SMS Result APVOC2 to 56263
The results of the Intermediate First Year - General and Vocational courses was declared on Friday, April 17, 2009.
A total of 8,01,728 students appeared for the First Year General Examination and a total of 57,515 students appeared for the First Year Vocational Examination.

I am sure all of you are waiting for the results and are looking for places from where you can get slightest of the information about the same. Here is a list of all the places from where you can get the information.

http://www.indiaresults.com

http://results.sify.com

http://www.aarvy.com

http://www.examresults.net

http://www.icqresults.com

http://www.manabadi.co.in

http://www.myguruonline.net

http://results2.ap.nic.in

http://www.manabadi.com

http://results.sol.net.in/inter

Good luck to all of you. I am sure you’ll come out with flying colors.

TCS FY09 revenues at record $6b; up 23% Y-o-Y

2009-04-21T07:33:00.000-07:00

Key Highlights:

Record Operating Profits at $1.43 B; up 11.7%
Net Profit at $ 1.12 B; down 10.1%
Board of Directors recommend 1:1 bonus share issue

Read more

Tata CEO says to focus on cost-cutting

2009-04-21T07:32:00.000-07:00

Tata Consultancy Services (TCS), India's largest IT outsourcing firm, said on Tuesday that price competition will force it to focus on cost reductions in coming years.

Even though competition is intensifying as customers seek cost reductions, Tata's earnings in fiscal 2010 should be higher than the year earlier, Chief Executive S. Ramadorai told Reuters in a telephone interview after Tata announced profits that fell short of expectations.

"I would like to see a 10 percent year-on-year improvement" in cost reduction, he said.
Tata Consultancy Services Ltd posted a 4.6 percent rise in quarterly profit, but it expects prices to fall by lower single digits in the coming year.

Tech Mahindra wins bid for Satyam at Rs58/share

2009-04-13T00:30:00.000-07:00

Tech Mahindra won the bid for Satyam Computer Services Ltd o Monday. The company snared in India’s biggest corporate scandal, announced the winning bidder for a controlling stake at Rs58/share.

The government-appointed board started a meeting at 9:00am in Mumbai to unveil the buyer for a 51% stake in the outsourcing company.

Indian engineering and construction firm Larsen and Toubro, which owns 12% stake in Satyam was also in the race and had bid at Rs49.50/share.

Read More about this

India to seek additional assistance of $5.2 bn from the World Bank for its financial sector and infrastructure projects

2009-04-04T01:12:00.000-07:00

Assured a greater say into the affairs of multilateral lending institutions, India will seek additional assistance of $5.2 bn from the World Bank for its financial sector and infrastructure projects, officials said.

The main component of this assistance is for recapitalisation of state-owned commercial banks over the next two to three years, Indian officials here said.

The rest of the amount is for infrastructure finance companies and power grid corporations.

India normally gets assistance worth $ 3 bn from the World Bank annually of which half is given in concessional form.

Read more on this article

Source: CNN-IBN

US markets end with marginal gains

2009-04-04T01:10:00.000-07:00

US markets closed the week on a positive note. The Dow posts its biggest four week gain in 75 years.
But more news on the economic front: the March unemployment rate jumped to the highest level since 1983. The economy lost 663,000 jobs; posting a jobless rate of 8.5%, treasuries slumped after the jobs report was better than economists' forecast. The benchmark 10-year note yields rose to 2.89%
The ISM (Institute for Supply Management) non-manufacturing index dropped to 40.8 in March versus 41.6 that we saw in February.

Source: Moneycontrol

UGC Pay Review Committee Recommendations for teachers, Librarians, Directors of Physical Education and other Academic Staff in colleges and universities recognized by the University Grants Commission.

2008-11-04T04:24:00.000-08:00

The Pay Review Committee after detailed deliberations has made the following recommendations about various aspects of revision of pay and allowances, service and working conditions of teachers, Librarians, Directors of Physical Education and other Academic Staff in colleges and universities recognized by the University Grants Commission.

I. New Nomenclature for various teaching posts

Assistant Professor for Lecturer

Assistant Professor (Senior Scale) for Lecturer (Senior Scale)

Assistant Professor (Selection Grade) for Lecturer (Selection Grade)

Associate Professor for Associate Professor

Senior Associate Professor New Position

Professor for Professor

Senior Professor New Position

Professor of Eminence New Position

II. New Scales of Pay and Allowances

EXISTING AND PROPOSED SCALES OF PAY FOR UNIVERSITY AND COLLEGE TEACHERS

A. POSTS SPECIFIC TO UNIVERSITIES
	CATEGORY	EXISTING PAY SCALE	NEW PAY BAND	GRADE PAY
1	Assistant Professor	8000- 275-13500	15600 – 39100	6600
2	Assistant Professor (Senior Scale)	10000 – 325 – 15200	15600 – 39100	7200
3	Assistant Professor (Selection Grade)/ Associate Professor	12000 -420 – 18300	15600 - 39100	8000
4	Professor	16400-450-20900-500-22400	37400 - 67000	11000
5	Senior Professor	New Post Proposed	37400 - 67000	12000
6	Pro-VC	18400—500-22400.	37400-67000 Plus 4 Adv increments	12000
7	Professor of Eminence	New Post Proposed	80000 (fixed)	Nil
8	Vice – Chancellor	25000 (Fixed)	80000 (Fixed)	Nil
9	Librarian/Director of PE	16400-450-20900-500-22400	37400-67000	11000
10	Deputy Librarian/Deputy Director of PE	12000-420-18300	15600-39100	8000
11	Asstt. Librarian (Sr. Scale)/ Asstt Director of PE (Sr. Scale)	10000-15200	15600-39100	7200
12	Asstt Librarian/ Asstt Director PE/Sports Officer/Physical Instructor	8000-275-13500	15600-39100	6600
B. POSTS SPECIFIC TO COLLEGES
1	Assistant Professor	8000- 275-13500	15600 – 39100	6600
2	Assistant Professor (Senior Scale)	10000 – 325 – 15200	15600 – 39100	7200
3	Assistant Professor (Selection Grade)/ Associate Professor	12000 -420 – 18300	15600 - 39100	8000
4	Senior Associate Professor	New Post Proposed	37400 – 67000	8700
5	Professor in PG Colleges	New Post Proposed	37400 - 67000	11000
6	a. Principal of UG College b. Principal of PG College	12000-18300 16400-450-20900-500-22400	37400-67000 Plus 2 Adv increments. 37400-67000 Plus 2 Adv increments	8700 11000
7	College Librarian / Director of PE/ Sports Officer/ PI	8000-13500	15600-39100	6600
8	College Librarian/ Director PE (Senior Scale)	10000-15200	15600-39100	7200
9	College Librarian(S.G)/ Director of Physical Education (SG)	12000-18300	15600-39100	8000
10	*Senior College Librarian (Selection Grade)Senior College DPE (Selection Grade)	New Post Proposed	37400-67000	8700
* The eligibility condition for promotion for this position may better be decided by the UGC in consultation with the special committee heading by a Senior Professor of Library / senior professor of Physical education

more information on UGC Pay Review Committee Recommendations for teachers, Librarians, Directors of Physical Education and other Academic Staff in colleges and universities recognized by the University Grants Commission.[click here]

How to pay income tax online

2008-11-02T23:04:00.000-08:00

e-Payment facilitates payment of direct taxes online by taxpayers. To avail of this facility the taxpayer is required to have a net-banking account with any of the banks listed below, which are the only banks offering this facility at present.

Account Holders of

Axis Bank
State Bank of India
Punjab National Bank
Indian Overseas Bank
Canara Bank
Indian Bank
Bank of India
Corporation Bank
State Bank of Bikaner & Jaipur
State Bank of Travancore
State Bank of Indore
Vijaya Bank
HDFC Bank
Oriental Bank of Commerce
State Bank of Patiala
Bank of Baroda
IDBI Bank
State Bank of Mysore
Bank of Maharashtra
State Bank of Hyderabad
Union Bank of India
Allahabad Bank
Dena Bank
Syndicate Bank
ICICI Bank
United Bank of India
UCO Bank
Central Bank of India
Andhra Bank

Procedure for e-payment:

1. To pay taxes online the taxpayer will select the relevant challan i.e. ITNS 280, ITNS 281, ITNS 282 or ITNS 283, as applicable.

2. Enter its PAN / TAN as applicable. There will be an online check on the validity of the PAN / TAN entered.

3. If PAN/ TAN is valid the taxpayer will be allowed to fill up other challan details like accounting head under which payment is made, name and address of TAN and also select the bank through which payment is to be made, etc.

4. On submission of data entered a confirmation screen will be displayed. If the taxpayer confirms the data entered in the challan, it will be directed to the net-banking site of the bank.

5. The taxpayer will login to the net-banking site with the user id/ password provided by the bank for net-banking purpose and enter payment details at the bank site.

6. On successful payment a challan counterfoil will be displayed containing CIN, payment details and bank name through which e-payment has been made. This counterfoil is proof of payment being made.

Please Click Here

Sensex shares at a glance on 20th october

2008-10-20T07:14:00.000-07:00

Among the frontliners, TCS, Wipro, Satyam, Infosys, HDFC Bank and HCL Tech have gained 6-9.5%. However, BHEL, Grasim, DLF, ACC, M&M and Unitech tumbled over 5.5-8%.

BSE FMCG Index was up by 38.59 points or 2.08% to 1,897.58. United Spirits was up by 13%. ITC, Marico and Godrej Consumer went up 2-4%.

Pharma stocks like Dr Reddys Labs, Sun Pharma, Dishman Pharma, Lupin and Aventis Pharma were up by 4-9%. Healthcare Index jumped by 1.6% or 51.47 points, to settle at 3,260.49.

Metal Index rose by 85.65 points or 1.48% to 5,887.36. SAIL, JSW Steel and Guj NRE Coke gained 4-7%. Hindalco and Tata Steel were up by 1.75-1.95%.

Oil & Gas Index gained 42.94 points or 0.66%, to close at 6,522.50. Cairn India, Aban Offshore, HPCL, Reliance Industries, Essar Oil and ONGC were gainers.

However, Realty Index tumbled 94.28 points or 3.73% to 2,430.61. Parsvnath, DLF, Omaxe, Unitech, Ansal Properties and Phoenix Mills lost 5-8%.

Power Index fell 34.05 points or 1.99% to 1,678.22. CESC, Torrent Power, Tata Power, GMR Infra, Reliance Infra and Suzlon Energy were losers.

Capital Goods index was down by 70.86 points or 0.98% to 7,170.50. BHEL fell over 8%. Kirloskar Oil, Elecon Engg, Alstom Projects, Praj Industries, Crompton Greaves, Thermax, Bharat Electronics and BEML were other losers.

Auto stocks Auto Index lost 0.87%, to close at 3,072.52. Cummins, Exide Industries, M&M, Apollo Tyres and Bharat Forge fell 3-6%. MRF and Hero Honda were other losers.

The BSE Midcap index lost 38.49 points or 1.09%, to end at 3,506.35 and the Small Cap Index fell 55.04 points or 1.32% to 4,112.82.

Among the midcap stocks, United Breweries, Core Projects, Balrampur Chini, Balaji Telefilm and Piramal Health fell 11-20%.

In the small cap space, Dynamatic Tech, Subex, Marathon Nextgen and MSK Projects lost 14-16%.

Telecom stocks like Tata Communication, MTNL and Bharti Airtel gained 4.5-6.5%. However, Idea Cellular and Reliance Communication were losers.

Sugar stocks like Renuka Sugar fell 7.5%. Balrampur Chini lost 12.4% and Bajaj Hindustan fell 9.4%, as the UP government has hiked State Advised Price (SAP) by Rs 15 to Rs 140. The UP government continued to announce SAP as against SC rule casing.

Daiichi Sankyo has acquired a 52.5% stake in India’s largest pharmaceutical company Ranbaxy Labs, after the Ranbaxy board approved preference allotment of shares and warrants to Daiichi. Daiichi Sankyo has acquired 8.19 crore shares from Ranbaxy promoters. Ranbaxy now becomes a subsidiary of Daiichi Sankyo. The stock closed at Rs 261.70, up Rs 5.50, or 2.15%.

Market breadth was weak throughout the day; about 1100 shares have advanced while 1891 shares have declined. Nearly 197 shares remained unchanged.

Total traded turnover stood at Rs 65,024.86 crore. This includes Rs 10,065.52 crore from NSE Cash segment, Rs 51,272.30 crore from NSE F&O segment and Rs 3,687.04 crore from BSE Cash segment.

Positive Asian and European markets were supportive for our markets as well. Among the Asian markets, Hang Seng went up 5.28% and Nikkei surged 3.59%. Shanghai, Straits Times, Jakarta, Kospi and Taiwan rose 2-3%.

European markets were trading higher. FTSE was up by 2.13% followed by CAC and DAX, which rose 1.72% and 1.41%, respectively.

The Dow Jones Futures was up by 191 points and the Nasdaq up by 37 points, at 4:30 pm.

Market Snapshot

RBI cuts Repo Rate by 100 bps to 8% (First Repo Rate Cut Since August 2003)

Sensex up 247 points to end at 10223, Nifty up 48 points to end at 3122

Gains led by IT stocks and Banking stocks

CNX Midcap Index down 0.36%, BSE Small-cap Index down 1.32%

BSE IT up 8%, Wipro up 9.4%, Hcl Tech up 9%, Satyam up 8.6%, TCS up 8.2%, Infosys up 7.6%

BSE Bankex up 2.6%, Hdfc Bank up 5.2%, Icici Bank up 5.1%, Canara Bank up 5.1%, BOB up 2.7%

BSE Realty down 3.7%, Dlf down 6.5%, Unitech down 5.8%, Parsvnath down 8%

Index Gainers: Sail up 6.6%, HDFC up 5.6%, Cairn up 5.3%, Bharti up 4.5%

Index Losers: Bhel down 7.8%, Acc down 5.7%, Ambuja Cement down 5.6%, M&M down 5.3%

Mid Cap Gainers: United Spirits up 13.5%, Rolta up 9.9%, Pantaloon up 8.6%, Ivrcl Infra up 7.3%

Mid Cap Losers : Core Proj down 16.3%, Balaji Tele down 11.9%, Strides Arcolab down 12%

Sugar Losers : Renuka down 7.5%, Balrampur Chini down 12.4%, Bajaj Hind down 9.4% (UP Govt continues to announce SAP as against SC rule casing))

Adv - Dec Ratio at 1:1.75

Total market turnover at Rs 65024.86 crore versus Rs 72822.47 crore

Nse F&O Turnover at Rs 51272.30 crore versus Rs 55892.72 crore

F&O Snapshot

Fresh Long build up seen in Nifty Fut, ends at a premium of 38.2 points

IT Stocks sees fresh long build up

Fresh short build up in large cap real estate stocks

Metal stock sees long build up, but CoC still negative

Options Activity:

Nifty 3100 call adds 5.3 lakh shares

Nifty 3300 call adds 3.7 lakh shares

Nifty 3200 call adds 3.1 lakh shares

Fresh Long :

IT : Infosys , Wipro , Satyam ,

Metals : Tata Steel , Sterlite Ind , Sail

Misc : Indian Bank , Chambal Fert , Can Bank , Ivrcl

Fresh Short: DLF , Unitech , Renuka

stock market end sharply higher led by surge in bank stocks

2008-10-20T07:12:00.000-07:00

The market has ended sharply higher. Strong upmove was seen on account of repo rate cut, positive European and Asian markets and huge surge in technology stocks. Buying was also seen in banking, FMCG, pharma, metal and few oil stocks. However, realty, power, few auto and capital goods stocks were under pressure. Selling was also seen in midcap and small cap stocks.

The Sensex closed with a gain of 247.74 points or 2.48% at 10,223.09, after hitting an intraday high of 10,538.05. The NSE Nifty Fifty Index surged by 48.45 points or 1.58%, to settle at 3122.80. It has hit a high of 3238.40.

Technology stocks took a big pie in today's gain of benchmark indices. IT Index went up 204.19 points or 8.05%, to close at 2,741.46. HCL Tech, Rolta, TCS, Wipro, Satyam, Infosys, Tech Mahindra and Mphasis were up 7-10%. The Indian rupee was trading at around 48.7-49 to a dollar.

RBI's move of 100 bps repo rate cut with immediate effect has also played a key role in today's trade. The current repo rate (the rate at which banks borrow from RBI) stood at 8% from earlier 9%. This was the first repo rate cut by RBI since August 2003. RBI had already cut cash reserve ratio (CRR) by 250 bps in the last two weeks. All these moves are to increase liquidity in the banking system.

source:moneycontrol

RBI cuts repo rate by 100 bps to 8% with immediate effect

2008-10-20T07:08:00.000-07:00

The Reserve Bank of India, or RBI has cut the repo rate by 100 bps to 8% with immediate effect. This is the first repo cut since 2003.

The Finance Minister, P Chidambaram said that the repo rate cut will help in moderating inflation. This is a positive move which will enthuse both borrowers and investors, the FM added. The RBI’s move is consistent with the government's aim of maintaining high growth, he added.

According to officials at the Indian Overseas Bank, there is need to see the impact of this move on cost of deposits before passing it on to the consumers. There is a clear signal from the RBI to boost the economy, they said. Meanwhile, Officials at Oriental Bank have said that the repo rate cut is aimed at bringing down loan rates.

Ambareesh Baliga of Karvy Stock Broking felt the move would not have an immediate impact on stock prices. “Whatever you do for the banking system will not be enough for the markets because the markets have their own problem and that is lack of confidence,” Baliga said. “Confidence will not come just because of a CRR cut or a repo rate cut,” he added.

source: moneycontrol

Armed forces Pay - Three member committee meeting on

2008-10-19T01:48:00.001-07:00

Efforts to resolve the “anomalies” in the new pay scales for armed forces gained momentum with External Affairs Minister Mr.Pranab Mukherjee on Tuesday discussing the matter with Finance Minister Mr.P. Chidambaram.

Mukherjee, who is heading a three-member ministerial committee looking into the issue, held discussions with Chidambaram after holding consultations with Prime Minister Mr.Manmohan Singh.

Mr.Mukherjee and Mr.Chidambaram were together for about an hour during which they are understood to have explored ways to address the issue to the satisfaction of the forces.

The Defence Services, led by their Chiefs, are up in arms over the 6th Pay Commission recommendations, alleging that it compromised their status and honour.

Emerging from the meeting at the External Affairs Minister’s South Block office, Mr.Chidambaram refused to comment on the deliberations, saying it was his first meeting with Mr.Mukherjee on the issue.

Mr.Mukherjee yesterday said he had discussed the matter with the Prime Minister and that he hoped the issue would be settled shortly.

The committee, which also includes Mr.Antony and Mr.Chidambaram, was set up by the Prime Minister on September 25 in the wake of deep resentment in the armed forces, who complained that there were “anomalies” in the Sixth Pay Commission recommendations and that it had lowered the status of their officers.

Source: The Hindu (14-10-08)

UGC Pay hike in the backdrop of model code of conduct

2008-10-19T01:46:00.000-07:00

The model code of conduct for elections may affect education minister Mr.Arjun Singh’s plans to announce a raise for university and college teachers by Diwali.

Top officials in the ministry went into a huddle today to discuss the likely delay amid fears that it could hurt the UPA in the elections.

Sources said, on October 8, Mr.Singh had asked his department to finalise the pay hikes proposed for over five lakh college and university teachers in time for Diwali.

But any announcement of a raise now may be described as a measure against the model code of conduct which is in force, officials said.

The model code came into effect when elections to five states — Delhi, Mizoram, Rajasthan, Madhya Pradesh and Chhattisgarh — were announced. It will remain in force till December 4, the last day of polling.

Mr.Singh was hauled up by the Election Commission in 2006 for promising OBC quotas in central higher education institutions just ahead of state polls that year. He is unlikely to risk a repeat, sources said.

A University Grants Commission pay panel headed by G.K. Chadha had earlier this month recommended pay hikes ranging from 75 per cent to over 100 per cent for teachers. The recommendations have been accepted by the UGC and the ministry is finalising them, the sources said.

“But now, even if we finalise the salary hikes, we will in all probability be unable to implement the raise till December 4,” a senior official said.

These concerns were debated at a late afternoon meeting of ministry officials under higher education secretary Mr.R.P. Agrawal, the sources said.

The promised raise will be valid not just for central university teachers but also for state-run colleges or universities recognised by the UGC.

Source : The Telegraph (15-10-2008)

Sixth Pay Commission: Income Tax on Pay Arrears

2008-10-19T01:45:00.001-07:00

There have been some news items on television as well as in the newspapers that most of the pay arrears will go towards payment of income tax once the employees receive the arrears. However, the government recently, has clarified its stand on the taxation of the pay arrears for the current financial year.Income tax on Pay arrears Sixth Commission
Government representative said that they would tax only 40 per cent of salary arrears to be paid to central government employees in the current fiscal on implementation of Sixth Pay Commission recommendations.The Khabrein info. writes-

Usually, the income earned in a year is taxed in that particular year, hence whatever the employees receive in this financial year woul be taxed this year. A lot of media sources reported that the entire amount of arrears would attract tax this fiscal.

As per the notification issued by the government last month, central government employees will get 40 per cent of arrears during the current financial year and the remaining amount in the next financial year.

Government instructions issued on August 30, 2008, regarding fixation of pay and payment arrears consequent to implementation of the Sixth Central Pay Commission recommendations clearly states that in authorising the arrears income tax as due may also be deducted and credited to the government

Govt Orders for minimum pension and speedy disbursement of Arrears

2008-10-19T01:44:00.000-07:00

Orders issued by Governement for revision of pay scale and allowances, Pension Benefits, LTC, and other financial benefits granted to Central Government Officers consequent upon implementation of Sixth Pay Commission report can be downloaded from here

New Pay and Bonus

Revised Pay Rules - Notification (html format) Revised Pay Rules - Notification (PDF format)

New Pay and Arrears - Resolution (html format) New Pay and Arrears - Resolution (pdf format)

New Pay- Office Memorandum

Railways Revised Pay Rule - Notification

Clarification

CSIR 6CPC Report

Revised PLB and Adhoc-bonus

Allowances

Revised DA,HRA,TA

Deputation Allowance

Travelling Allowance

Family Planning Allowance

Leave

Maternity Leave

LTC

Revised LTC

6th pay latest news on armed forces new pay scales | armed forces’ grievances over their new pay scales | 6th pay army latest updates

2008-10-18T09:04:00.000-07:00

As the committee headed by External Affairs Minister Pranab Mukherjee is looking into the armed forces’ grievances over their new pay scales, the army on Wednesday said any decision by the government on the issue will be for the good of the country and the Services.

“The pay anomalies issues is currently with the Cabinet and I am sure it will take care of it. Whatever it decides, it will be for the good of the country and the armed forces,” Vice-Chief of the Army, Lieutenant-General M L Naidu, said on the sidelines of an Army Postal Service Awards ceremony ihn New Delhi.

“They (the committee members) are our national leaders and they will keep all issues in mind before taking a decision. It (pay issues) is not a matter of our expectations,” Naidu said, replying to a query on the course of action the armed forces would take if all their expectations are not met by the Mukherjee committee.

Prime Minister Manmohan Singh had late last month set up the Mukherjee committee with Defence Minister A K Antony and Finance Minister P Chidambaram as members to consider the four “core issues” raised by the armed forces on what they called a “discriminatory” 6th Central Pay Commission (CPC) report.

In fact, the issues had snowballed into a controversy over the armed forces’ reluctance to implement the Cabinet decision on the CPC taken last month.

Consequently, the 1.5 million armed forces personnel took home their old pay scales in October, while their 3.5 million civilian counterparts got their revised pay scales under the CPC.

To another query, Naidu said pointing out some discrepancies in the CPC was not “defiance”, but professional duty (of the armed forces).

The armed forces are demanding that the government place Lieutenant-Colonels and their equivalents in Pay Band-4, ensure parity in Grade Pay of officers from Captains to Brigadiers with their civilian counterparts, accord the Higher Administrative Grade Plus status in pay scales to Lieutenant Generals and restore 70 per cent pensionary benefits to jawans.

To another question over the misuse of army’s combat fatigues by paramilitary and police forces, Naidu said the army had already informed the Centre and the state governments about it.

“Now, the state governments have taken very strict action, because they have realized that by not insisting on this, it is causing some confusing. Now they have done it (enforce laws against misuse of army uniforms). And hopefully it will be sorted out,” Naidu said.

Asked about the uniforms and camouflages being freely available in the open market, the army vice-chief said as far as clothes, low-quality products are concerned, they were available (but not the Army’s).

“A solution is being worked out and the Home Ministry is doing what is necessary to curb such sales. By law, sale of military uniform in the open market is banned. It should not be available. If it is, there is a separate enforcement agency working on curbing the sale of military uniform. In J&K, they are very actively curbing the sale,” he added.

6th Pay Commission Seeking Clarification On Increment And Promotions For Government Employees.

2008-10-18T08:48:00.000-07:00

There is some latest updates which came regarding the sixth pay commission about the clarifications on the Increment and Promotions of Government Employees after Jan 1st,2006. This office memorandum was released on 13th Sept,2008 on the Govt OF India website. It basically deals with some issues where the employees needed a clarification like the date of next increment. Now there will be one uniform datej1st of every year.

As per it, all the employees who got their last increment between 02.01.2005 and 01.01.2006 would be getting their increment on 01.017.2006. There are some clarifications on the method of fixation of pay on promotion after January 1st 2006. Two more issues that it deals with are fixation of pay of the govt employees who were on deputation and who got promoted in the cadre subsequently while still on deputation.The last issue deals with a procedure of placing employees in the new upgraded pay scale in case of merger of scales which were recommended by the 6th pay commission.

A complete detailed report can be found out over here: You can read the complete analysis of 6th pay commission, pay calculator and much more.

UGC 6thPay Commission Report Chadha Committee | UGC Pay Scales Submitted HRD-News-Update

2008-10-17T06:40:00.001-07:00

The University Grants Commission appoints a Committee to Review the Scales of Pay of the Teachers in the Universities and Colleges. The Commission in consultation with the Ministry of Human Resource Development has finalized the terms of reference of the Committee,ugc, ugc pay commission report, ugc pay commission, chadha committee report, ugc net

AIFUCTO would urge Prof. Chadha Committee to bear in mind the following broad principles while formulating its proposals for the 6th UGC pay scales for university and college teachers:

Parity of college and university teachers with at least Group A Officers of the Central Government in pay scales, allowances and perquisites
Incentive for contribution to teaching and extension on par with research
Resolving the anomalies in the V Pay revision ,particularly that relating to the date of implementation of C.A.S
Implementation of new scales w.e.f. 1.1.2006
100% Central Assistance for the implementation of the revised pay package for 10 years
Mandatory, uniform and simultaneous implementation of the new package throughout the country

As per chadha committee report NEW UGC PACKAGE

QUALIFICATIONS

The minimum qualification required for the appointment of lecturers should remain as good academic record with 55% marks at the PG level or “B Grade” in the seven point scale where grading system is followed. The candidates should also have cleared the NET conducted by the UGC/CSIR or similar tests accredited by the UGC.

Read complete proposal UGC pay commission report
so that you can make review and make proper feedback.

UGC Pay Review Committee
Public Opinion is Invited on issues relating to UGC Pay Review Committee

Interested persons/stakeholders are invited to give their views/comments on UGC Pay Review Committee in a concise manner by fax / e-mail / correspondence to

Dr.K.C.Pathak
Joint Secretary,Pay Review Committee
University Grants Commission,
send online

Report of the UGC Committee to Review the 6th Pay Scales and Service Conditions of University and College Teachers, 2008

UGC 11th Five year plan

2008-10-08T04:11:00.000-07:00

UGC Pay Review Committee

2008-10-08T04:10:00.000-07:00

Public Opinion is Invited on issues relating to UGC Pay Review Committee

Interested persons/stakeholders are invited to give their views/comments on UGC Pay Review Committee in a concise manner by fax / e-mail / correspondence to

Dr.K.C.Pathak
Joint Secretary,Pay Review Committee
University Grants Commission,
35-Ferozeshah Road
New Delhi-110001
Fax:011-23386128
Tel:011-23386128
E-mail:kcpathak@ugc.ac.in

However,the address for the correspondence of the Chairman,Pay Review Committee,Prof G.K.Chadha , may be read as follows:

Prof G.K.Chadha
Member
Economic Advisory Council to the Prime Minister & Chairman,Pay Review Committee
Room No.111 UGC Building
Bahadur Shah Zafar Marg
New Delhi-110002

UGC CAS for Assistant Librarian/College Librarians/Assistant Director of Physical Education/College Director of Physical Education

2008-10-08T04:08:00.000-07:00

Career Advancement Scheme(CAS) for Assistant Librarian/College Librarians/Assistant Director of Physical Education/College Director of Physical Education

UGC Model Guidelines for Re-employment of superannuated Teachers.

2008-10-08T04:06:00.000-07:00

The UGC, however, was formally established only in November 1956 as a statutory body of the Government of India through an Act of Parliament for the coordination, determination and maintenance of standards of university education in India. In order to ensure effective region-wise coverage throughout the country, the UGC has decentralised its operations by setting up six regional centres at Pune, Hyderabad, Kolkata, Bhopal, Guwahati and Bangalore. The head office of the UGC is located at Bahadur Shah Zafar Marg in New Delhi, with two additional bureaus operating from 35, Feroze Shah Road and the South Campus of University of Delhi as well.
Model Guidelines for Re-employment of superannuated Teachers.[click here]

6th pay comission latest updated allowances

2008-10-05T22:42:00.000-07:00

»	Family Planning Allowance
»	Caretaking Allowance
»	Travelling Allowance Rules click here to read more on 6th pay updates on allownaces

6th pay commission IPS(Pay) Amendment Rules, 2008 New

2008-10-05T22:30:00.000-07:00

6th pay commission IPS(Pay) Amendment Rules, 2008 New

6th pay commission IFS(Pay) second Amendment Rules, 2008 New

6TH PAY COMMISSIOM | Revision of Pay scales of employees of Autonomous bodies

2008-10-05T22:28:00.000-07:00

Decision of the Government on Sixth Central Pay Commission Recommendations:

The pay scales for the government employees of autonomous bodies ahve been revised for a detailed news on this article click here