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7th Pay Commission DA Hike: EPFO had on April 30, 2024, announced a 25% increase in the maximum retirement benefit and death benefit, raising it from Rs 20 lakh to Rs 25 lakh. However, just a week later, on May 7, they released a circular putting the gratuity hike on hold.
PM Narendra Modi praised banks for record profits in FY24, aiding the poor, farmers, and MSMEs. Challenges like bad loan provisions, bank insolvency, and govt recapitalisation were overcome, leading to a significant banking sector turnaround.
Back-to-school shopping season sees a surge in demand for stationery companies like ITC and DOMS, and retailers like Reliance Retail's Smart Bazaar stores.
India issues guidelines to prevent EtO contamination in spice exports, including mandatory testing and corrective actions for Everest Spices, to ensure compliance with international standards and prevent recalls like those in Singapore and Hong Kong.
2024/05/21 02:19:30
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