Bright Diwali for central staff as govt hikes DA by 5%



The Union Cabinet chaired by Prime Minister Narendra Modi approved the 5 per cent additional DA/DR (dearness relief) over the existing rate of 12 per cent of the basic pay/pension due in July 2019, the government said.



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Apple may finally dip its toes in Indian retail pool



Still, the earliest India will get to experience Apple online will be early 2020 and the company’s first fully-owned signature store should be up around 2022 — almost two decades after it had opened its first store worldwide, writes Nivedita Mookerji.



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Govt sets October deadline for sale of Air India



Sources in the know said the government would initiate talks with businesses, including Tatas, shortly for divesting its stake in the national carrier.



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On govt's table: PSU general insurance consolidation



‘The plan is to secure nod of the Union Cabinet and other relevant regulatory approvals within the next three months,’ a senior finance ministry official said, requesting anonymity.



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