Investors in the first tranche of sovereign gold bonds (SGBs) issued by the Reserve Bank of India (RBI) in 2015 could enjoy a potential ₹300-crore ($40 million) Diwali bonanza, with returns comparable to stock markets.
The Railway Board has revised the dearness allowance for its employees from 42 per cent to 46 per cent of the basic pay effective from July 1, 2023. 7th Pay Commission News: Railway Board Announces 4% Hike in DA for Employees.
7th Pay Commission: The hike in dearness allowance and dearness relief will benefit 48.67 lakh central government employees and 67.95 lakh pensioners, respectively.
The central government increased the dearness allowance for its over one crore employees and pensioners by 4 per cent, bringing the total to 42 per cent from 38 per cent.