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Odisha announces 2 pc hike in DA for govt employees, pensioners

Bhubaneswar, Apr 11 (PTI) Odisha Chief Minister Mohan Charan Majhi on Friday announced a two per cent hike in dearness allowance (DA) for state government employees and pensioners. With this hike, the ratio of DA for government employees and TI (temporary increase) for pensioners will rise from 53 per cent to 55 per cent, an official release issued by the CMO said. It said the hike will be implemented retrospectively from January 1, 2025. Employees will receive the increased DA as cash benefit along with their April salary. This decision will benefit around 8.5 lakh state government employees and pensioners,

Gold futures hit fresh peak of Rs 93,736/10g

New Delhi, Apr 11 (PTI) Gold prices on Friday touched an all-time high of Rs 93,736 per 10 grams in futures trade in line with firm global trends. On the Multi Commodity Exchange, the yellow metal contracts for June delivery hit a record high of Rs 93,736 per 10 grams in early trade. Later, the contracts pared the gains to trade Rs 1,207 or 1.31 per cent higher at Rs 93,240 per 10 grams with an open interest of 19,722 lots. According to analysts, risk-off sentiment gained momentum following the US announcement of a 145 per cent tariff on Chinese

Equity mutual funds inflow drops 14 pc to Rs 25,082 cr in Mar

New Delhi, Apr 11 (PTI) Inflow of equity mutual funds (MFs) dropped 14 per cent to Rs 25,082 crore in March amid continued market volatility. This was the third consecutive month of decline in inflow in equity funds. The latest fund infusion by investors also marks the 49th consecutive month of net inflows into the segment. According to data released by Association of Mutual Funds in India (Amfi) on Friday, equity-oriented MFs saw an inflow of Rs 25,082 crore in March, way lower than Rs 29,303 crore in February, Rs 39,688 crore in January, and Rs 41,156 crore in December.

Rahul Gandhi slams PM Modi over ‘Employment Linked Incentive’, says another ‘jumla’

New Delhi, Apr 11 (PTI) Attacking Prime Minister Narendra Modi over the government’s ‘Employment Linked Incentive’ scheme, Congress leader Rahul Gandhi on Friday said while he creates new slogans everyday, the youth are still waiting for real opportunities, and asked if it was “just another jumla”. The Leader of Opposition in the Lok Sabha said that after the 2024 election, PM Modi announced the “Employment Linked Incentive” scheme with much fanfare, promising to provide employment to our youth. “It’s been nearly a year since announcing the scheme, the government hasn’t even defined it, and has returned the Rs 10,000 crores

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