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Bihar govt cuts salaries of 2,081 teachers, suspends 22 for teaching violations in last 4 months

govt cuts salaries

Patna, Oct 27 (PTI): Amid the ongoing row over Bihar education department’s recent circulars, the state education department has deducted the salaries of more than 2,081 school teachers, who were found absent from duty during inspections, and suspended 22 others for various teaching violations in the last four months. Besides, the department has also recommended dismissal of 17 teachers from service for allegedly violating provisions of teachers’ recruitment regulations. The Nitish Kumar government is already facing criticism for removing the names of 21,90,020 students (till October 24) from government schools for absenteeism. Those whose names have been struck off also

Retail onion price up 57 pc; Centre steps up buffer onion sale to provide relief to consumers

New Delhi, Oct 27 (PTI) As all-India average retail onion price shoots up by 57 per cent to Rs 47 per kg, the Centre on Friday decided to step up the sale of buffer onion at a subsidised rate of Rs 25 per kg in retail markets in order to provide relief to consumers. The all-India average retail price of onion rose to Rs 47 per kg on Friday, from Rs 30 per kg in the year-ago period, as per the data maintained by the consumer affairs ministry. In the national capital, retail price of onion was at Rs 40/kg

SEBI’s instant settlement plan faces foreign investor pushback -sources

Oct 27 (Reuters) – SEBI’s plan to allow the settlement of equity market trades within the same day is facing pushback from offshore investors who fear it will lead to a fragmented system and add to the cost of trading, said two people with direct knowledge of the matter. The concerns were raised in a meeting earlier this month, the people told Reuters, and have not been previously reported. India transitioned to T+1 settlement, where trades are settled within a day, in January. The Securities and Exchange Board of India (SEBI) now plans to allow instant settlement by October next

Air India announces senior level appointments; appoints Klaus Goersch as chief operations officer

Mumbai, Oct 27 (PTI) Air India on Friday announced the appointment of Klaus Goersch as the Executive Vice President and Chief Operations Officer, as well as various other senior level appointments. In the newly-created position at the airline, Goersch will oversee flight operations, engineering, ground operations, Integrated Operations Control and cabin crew functions. Air India said incumbent chief of operations R S Sandhu will transition to an advisory role. In a release, Air India said Goersch’s role includes focus on the harmonisation of the four Tata airlines’ operating procedures, the Airbus A350 entry-into-service programme and assisting the team establishing the

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