Author: Akanksha.Srivastava

The Central Government is expected to implement a 3% Dearness Allowance (DA) rate hike from 1 July 2024, providing much-needed relief to Central Government employees. However, the increase in DA rates is likely to put pressure on the government’s finances, which may require the government to explore measures to mitigate the impact. Image Source: India.com The Central Government of India recently announced an increase in the Dearness Allowance (DA) rate for Central Government Employees. The new DA rates will be effective from July 2024, and the increase is set to bring some much-needed relief to millions of government employees across…

Shares of Infosys, the Bangalore-based IT giant, fell by as much as 12.2% on the Bombay Stock Exchange on Thursday, marking the worst single-day drop since 2019. The company’s poor quarterly results and FY23 guidance, along with concerns about customer sentiment, led to uncertainties around the order outlook for the next 1-2 quarters, causing a sell-off that also impacted other IT stocks. Image Source: The Economics Times Bangalore-based IT giant Infosys suffered its biggest one-day stock drop since 2019, signaling a significant setback for the tech company’s investors. Infosys’ shares dropped by 9.6%, equivalent to Rs. 58.65 ($0.79) per share,…