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Retd Justice Ranjana Prakash Desai to chair 8th Pay Comm; Cabinet clears ToR

New Delhi, Oct 28 (PTI) The Cabinet on Tuesday approved the Terms of Reference (ToR) of the 8th Pay Commission, which will be headed by retired Supreme Court judge Ranjana Prakash Desai. The panel’s award is likely to come into effect from January 1, 2026. The recommendations of the 8th Pay Commission will benefit about 50 lakh central government employees and 69 lakh pensioners, a government statement said after the meeting of the Union Cabinet, chaired by Prime Minister Narendra Modi. The Commission will examine and recommend changes in salaries and other benefits of central government employees. It will submit

Congress slams govt for provision of ‘absorption of Agniveers in private security agencies’

New Delhi, Oct 28 (PTI) The Congress slammed the Centre on Tuesday over a purported home ministry notification that said retiring Agniveers may be absorbed in the country’s top 10 private security agencies and asked when a promise was made that pensionable government jobs would be given to them, why are they being sent to such agencies. There was no immediate reaction from the government to the Congress’s claims. Congress’s ex-servicemen department chairman Colonel (retired) Rohit Chaudhry said if the Narendra Modi government could not incentivise the soldiers who performed well during Operation Sindoor, then they should not have been

Rupee falls 8 paise to close at 88.27 against US dollar

Mumbai, Oct 28 (PTI) The rupee depreciated by 8 paise to close at 88.27 against the US dollar on Tuesday on weak domestic stock markets and foreign fund outflows. Forex traders said a weak US dollar and softening of crude oil prices cushioned the downside. Investors are also keeping a watch on the Federal Reserve’s policy decision on Wednesday for further cues. At the interbank foreign exchange market, the rupee opened at 88.34, and later traded in a range of 88.23 to 88.40 during the day. The local unit finally settled at 88.27 (provisional) against the greenback, registering a fall

Sensex, Nifty slip amid profit-taking, weak Asian markets

Mumbai, Oct 28 (PTI) Equity benchmark indices Sensex and Nifty ended lower on Tuesday amid profit-taking and weak trends in Asian markets. The 30-share BSE Sensex declined 150.68 points or 0.18 per cent to settle at 84,628.16. During the day, it fell by 559.45 points or 0.65 per cent to 84,219.39. The 50-share NSE Nifty dipped 29.85 points or 0.11 per cent to 25,936.20. “The Nifty-50 traded within a narrow 25,800–26,000 range for most of the day, reflecting cautious sentiment ahead of key global events such as the US Federal Reserve’s policy outcome,” Ponmudi R, CEO of Enrich Money, an

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