Category Archives: Business

Business

RBI cancels Certificate of Registration of Four NBFCs

The Reserve Bank of India, in exercise of powers conferred on it under Section
45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of
Registration of the following companies.

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As such, the above companies shall not transact the business of a Non-Banking
Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.

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Previous articleAyushman Bharat enrollment for senior citizens to start in a week, check eligibility and application details
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Jyoti

Jyoti , has 2 years of experience in writing Finance Content, Entertainment news, Cricket and more. She has done BA in English. She loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @rightsofemployeescom@gmail.com

Business

How to Create a Comfortable Workspace That Boosts Productivity

Comfortable Workspace office chair, work from home chair

Creating a comfortable and efficient workspace is more important than ever. Whether you’re working from home or in an office, the setup of your workspace can significantly impact your productivity, health, and overall well-being. One essential element of a comfortable workspace is your office chair. The right chair can reduce discomfort, improve posture, and help you stay focused throughout the day.

In this blog, we’ll discuss key strategies for optimising your workspace for comfort and productivity, with a special focus on the importance of ergonomic furniture. Let’s dive into how you can design a space that supports both your body and your work.

1. Prioritise Ergonomics in Your Workspace

Ergonomics is the science of designing a workspace that fits the user’s needs, rather than forcing the user to adjust to the workspace. A well-designed ergonomic workspace ensures that your body is in a comfortable, neutral position, reducing strain on your muscles and joints. When you prioritise ergonomics, you can expect fewer aches, improved concentration, and long-term health benefits.

Here are some ergonomic adjustments you can make to your workspace:

  • Adjust your chair height so that your feet rest flat on the floor and your knees are level with your hips.
  • Position your computer monitor at eye level to prevent neck strain. If needed, use a monitor stand or stack of books to elevate the screen.
  • Use an ergonomic keyboard and mouse to reduce wrist strain and prevent repetitive stress injuries.

One of the most crucial components of an ergonomic setup is your office chair. An ergonomic office chair provides the support you need for long hours of sitting, ensuring your spine stays aligned and you avoid unnecessary strain.

2. Invest in an Ergonomic Chair for Long-Term Comfort

When creating a productive workspace, investing in an ergonomic chair is essential. While it may seem like a simple purchase, the right chair can make a world of difference in how you feel at the end of the workday. Ergonomic office chairs are designed to support the natural curve of your spine, reducing pressure on your back and hips.

Benefits of using an ergonomic office chair:

  • Improved posture: A good ergonomic chair promotes proper alignment of your spine, reducing the chances of developing back problems.
  • Increased comfort: With adjustable features such as seat height, backrest angle, and armrests, an ergonomic chair helps you customise the seating experience to your body’s needs.
  • Enhanced productivity: When you’re comfortable, you can focus better, work for longer periods without feeling fatigued, and maintain a higher level of concentration.
  • Reduced risk of injury: By supporting your body in a natural position, ergonomic chairs lower the risk of developing repetitive strain injuries or chronic pain conditions.

For more in-depth insights into the importance of ergonomic chairs, this comprehensive guide from No More Pain Ergonomics delves into the health and productivity benefits of these essential office tools.

3. Optimise Your Desk Setup

office chair, home office chair, working from home

Beyond the chair, your desk setup plays a significant role in creating a comfortable and efficient workspace. An optimised desk setup ensures that all of your tools are within easy reach and that your posture remains neutral.

Here are a few tips for arranging your desk ergonomically:

  • Keep your keyboard and mouse at elbow height. Your arms should form a 90-degree angle when using your keyboard and mouse.
  • Maintain a clutter-free workspace. A tidy desk not only looks better but also helps you stay organised and focused.
  • Use proper lighting to reduce eye strain. Position your desk near a window for natural light, or invest in a desk lamp with adjustable brightness levels.

4. Take Breaks to Boost Productivity

While setting up your workspace ergonomically is crucial, taking regular breaks is equally important. Even the most ergonomic setup won’t eliminate the risks associated with sitting for extended periods. Standing up, stretching, and moving around every hour can help reduce the negative effects of prolonged sitting and keep your mind sharp.

Here are a few break tips to stay productive:

  • Practise the 20-20-20 rule: Every 20 minutes, look at something 20 feet away for 20 seconds to reduce eye strain.
  • Incorporate movement: Stand up and stretch, take a short walk, or do a quick workout during your breaks to keep your blood flowing.
  • Schedule longer breaks: Every couple of hours, take a 10-15 minute break to recharge your body and mind.

5. Focus on Health and Wellness

A productive workspace doesn’t just mean a clutter-free desk and a comfortable chair. It also means taking care of your mental and physical health. Incorporating wellness into your workday can boost your productivity and creativity.

Here are a few wellness practices to integrate into your workspace routine:

  • Stay hydrated: Drinking enough water throughout the day helps maintain focus and reduces fatigue.
  • Mindful breathing: Taking a few deep breaths when you’re feeling stressed can lower anxiety and improve your mood.
  • Healthy snacks: Keep nutritious snacks like fruits, nuts, and yoghourt nearby to maintain your energy levels.

6. Long-Term Health Benefits of Ergonomic Furniture

Choosing ergonomic furniture goes beyond short-term comfort. It’s a long-term investment in your health. Poor posture, repetitive strain, and extended periods of discomfort can lead to chronic health problems such as back pain, carpal tunnel syndrome, and neck strain. By investing in ergonomic solutions early, you can avoid these issues and ensure your workspace promotes your overall well-being.

For more insights on the health benefits of ergonomic office setups, check out this Forbes guide on office ergonomics.


Neel Achary

Business

Tottenham Hotspur Announces Ant International as Global Payment Solutions and Digital Wallet Partner

Tottenham Hotspur Announces Ant International as Global Payment Solutions and Digital Wallet Partner

September 13, 2024,London, United Kingdom : Tottenham Hotspur has today announced a new three-year strategic partnership with Ant International, a digital payment and financial technology leader.

The partnership sees Ant International, together with its business brands Alipay+, Antom and WorldFirst, become the exclusive Official Global Payment Solutions and Digital Wallet Partner of Tottenham Hotspur, and Alipay+ the first Official Training Wear Sleeve Partner for both the men’s and women’s teams.

The Club will be working with Ant International, through its digital technology solutions brand Alipay+ and merchant payment services brand Antom, to provide a seamless payment experience for fans at our Stadium and on e-commerce platforms, using payment methods widely used in the Asia-Pacific (APAC) region.

Ant International will also support the Club on activations to drive growth of and engagement with our fanbase in the APAC region via its partner digital payment apps, including Alipay. Ant International has a rich portfolio of experience in driving digital engagement through football, having sponsored both the UEFA Euro 2020 and 2024 tournaments.

Yang Peng, Chief Executive Officer, Ant International said: “Football is a game that can be enjoyed by everyone and has the power to transcend borders, bringing people together. This aligns with Ant International’s mission in our globalization – leveraging technological innovation to provide individuals and small businesses with greater access to inclusive financial services.

Tottenham Hotspur has the forward-looking vision of leveraging cutting-edge technologies to enhance fan experience. We resonate with the Club’s ‘To Dare is To Do’ spirit and look forward to working closely with Tottenham Hotspur to engage with its global fanbase through our innovative payment and digitalisation solutions, inspiring the 1.6 billion consumers served by Alipay+ and its partners through the sport and the Club.”

Daniel Levy, Chairman, Tottenham Hotspur said: “The Club and Ant International are fully aligned as we look to deepen connections with our football fans through digital interactions. We shall also be supporting the growth in awareness of the Ant International brand across our extensive global platforms as an elite Premier League Club.

Ant International, together with its ecosystem associates, brings a wealth of experience in digital fan engagement in football following its partnerships during the two most recent UEFA European championships. We are excited to work with them to enhance the digital experience for our fans in-Stadium and online – and further engage our fanbase across the APAC region.”


Praveen

Business

TCS employees received tax notices for TDS discrepancies

Employees of TCS have received a notice from the Income Tax Department to pay tax. It is said that this has happened due to a mistake in processing the income tax returns of the employees by the Income Tax authorities. The company has currently asked the employees not to pay tax.

Many employees of Tata Consultancy Services (TCS) have received a demand notice from the Income Tax Department. The reason for this is some problem in the TDS claim. TCS has currently asked its employees not to pay tax. They have been asked to wait till further instructions. This tax demand ranges from Rs 50,000 to Rs 1.5 lakh. Sources have given this information. TCS is India’s largest IT company. Its headquarters is Mumbai.

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Has there been an error in processing the ITR?

TCS has said in an email sent to its employees that the associates who have received this notice will get a further intimation regarding the correction of the mistake. Therefore, they do not need to pay tax. The company has said that this error will be rectified after the tax authorities send the Rectification Intimation. Sources said that there is a possibility that there has been a mistake in the processing of the income tax return filed by the authorities. The assessing officer has the right to amend the notice.

Also Read: Ayushman Bharat enrollment for senior citizens to start in a week, check eligibility and application details

Will reprocessing the return correct the mistake?

In a mail sent to employees, the company has said that the authorities will reprocess the income tax returns, which will eliminate the data discrepancy between Form 26AS issued by the Income Tax Department and Form 16A issued by TCS. Form 26AS issued by the Income Tax Department contains details of tax deducted from the source of income (TDS/TCS). Form 16A contains information about tax deducted from salary by the employer.

Can employees take advice from tax advisors?

TCS has said in another email that if employees wish, they can consult their tax advisors or contact the company. Moneycontrol has contacted the company for more information on this. This news will be updated when a response is received. According to section 154 (2) of the Income Tax Act, the Income Tax Department can amend the notice in two ways. First, it can take the initiative on its own. Second, it can amend on the application of the assessee or tax deductor.

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Business

Arena Animation Ahmedabad concludes power packed “New Age Careers for New India: PERSPECTIVES Tour 2024’

Arena Animation Ahmedabad concludes power packed "New Age Careers for New India: PERSPECTIVES Tour 2024’ Ahmedabad, September 13, 2024:  Arena Animation, one of India’s leading animation institutes in the country, is delighted to announce the successful conclusion of ”New Age Careers for New India: PERSPECTIVE Tour 2024’ for the youth in Ahmedabad. The seminar was held on September 11, 2024, Thakorbhai Desai Hall, Ahmedabad. This vibrant platform drew together luminaries from the media and entertainment industry to share their invaluable experiences and insights into the creation of captivating creative works. The event was attended by an over 500+ young aspirants and professionals across the city eager to learn and grow in this creative field, sparking an engaging exchange of ideas.

‘Perspectives’ provides a unique opportunity for participants to gain an insider’s view of the industry, marking a crucial moment for aspiring students. The event, known for attracting passionate participants year after year, hosted numerous students this year as well, who were interested in exploring careers in animation, VFX, multimedia, gaming and web design. Attendees were offered a series of thought-provoking sessions led by distinguished key opinion leaders alongside an insightful dive into the intricate processes behind top-tier animation, visual effects and filmmaking.

Distinguished industry experts, including Dr. Rajeev Rastogi Founder & MD, White Apple LLP & Mr. Bharat Rai De Head of Studio, MIDAS VFX (INDIA) inspired attendees with their invaluable industry insights and in-depth technical knowledge.

Dr. Rajeev Rastogi from White Apple LLP delivered a compelling session on “Making Aspirants Industry-Ready in the World of Visual Effects, Animation, and Technology”.

Mr. Bharat Rai De from MIDAS VFX (India) offered an intriguing perspective on the VFX industry.

The event received an overwhelming response from the attendees, who praised the depth and relevance of the presentations. The discussions highlighted the transformative impact of emerging technologies and offered actionable insights for students and young professionals.

Mr. Sandip Weling, Chief Business Officer – Retail Business, Aptech Limited. ”We are thrilled with the success of ‘New Age Careers for New India: PERSPECTIVES Tour 2024’. The event has truly set a benchmark on how we engage and envision the future of careers in India. I trust that the participation of key opinion leaders and the thought-provoking discussions and insights has immensely benefitted the aspirants keen to pursue new-age careers. Arena Animation is committed to equipping students with new-age skillsets and we urge the young aspirants/ prospects to walk-in to our centres to explore their talent and unleash their creative potential.”

As the consumer increasingly gravitates towards superheroes and formidable creatures, India’s AVGC sector has witnessed unparalleled growth rates in recent years. According to the 24th annual Global Entertainment & Media Outlook 2023-2027 by PWC across 13 sectors in 53 territories, India’s Media & Entertainment   industry is projected to grow at a 9.7% CAGR, reaching US$73.6 billion by 2027. This surge has attracted numerous international players seeking to tap into India’s talent pool for offshore service delivery.

With a legacy spanning over 25 years, Arena Animation stands as a testament to excellence, fortified by strategic alliances, stellar faculty, and cutting-edge technological tools. The mission remains clear – to equip youth with industry-relevant skills and hone their creativity, build resilience, and encourage teamwork, enabling them to succeed in the workplace where they will have to meet deadlines, deliver presentations, and network with industry peers. Arena Animations remains committed in cultivating a pool of highly employable and successful professionals, ready to make their mark in the dynamic world of media and entertainment.


Mansi Praharaj

Business

Enhancing warehousing stock for business opportunities: Chairman, WDRA

New Delhi, 13 September 2024: The Warehousing Development and Regulatory Authority (WDRA) Chairman Mr. T K Manoj Kumar stressed upon the need for upgrading the existing warehousing stock for business opportunity. The goal is not just to introduce new stock into the market, but to be more productive and reduce storage losses as well, at the National Conference on Logistics and Warehousing for Viksit Bharat organised by ASSOCHAM.

At the outset of the conference, Mr. T K Manoj Kumar, Chairman WDRA said that most of our big cities have warehouses in the outskirts or in the middle of the cities because these were constructed a long time ago. Now, there is a need for taking the warehouses to the farm gateway. It is the only way that we would be able to cover more goods in warehouses and reduce storage losses and so on.

There is a huge push on infrastructure as we can see. We have to build beyond infrastructure as there is the soft side of running a logistics and a warehousing industry. It is very important to have digitization across the board if we are to have an efficient system. The second aspect is standardization. It is very important that all the warehouses, logistic facilities conform to a particular standard, otherwise interoperability and efficiency will suffer, he added.

Now, that brings me to this whole issue of what does the warehousing development and regulatory authority do? To put it in a nutshell, we are responsible for one important thing that is to enforce, make sure that all the warehouses in the country which are registered with us, conform to a particular standard. So, any warehouse which is registered with us, you can have a guarantee that the infrastructural standards are up to the mark. Secondly, we are implementing a system of negotiable warehouse receipts in this country.

A warehouse receipt system is important because it engenders trust in the receipt. If it is a negotiable warehouse receipt which has been checked by a government agency like ours, then you can be very sure that it contains the underlying books of the quantity and quality which are mentioned in this. You can imagine the advantages they give for doing ease of business and increasing trust among the various participants in a resource, he further stated.

All the negotiable warehouse receipts are digitized receipts. Therefore, registering a warehouse with WDRA would mean that your warehouse confirms to a standard and you have a digitized receipt attached.

As far as registration of warehouses with WDRA is concerned, it has been increasing at a growth rate of 43% of CAGR in the last two years, which is good. There will be registered aggregate warehouses now, which are third-party warehouses. We don’t register captive warehouses. As per the NABARD survey, there are about one lakh warehouses in the country which are aggregate warehouses, said Mr. Kumar.

And industry understanding is that out of this one lakh warehouses, 40,000 are public warehouses. We have registered roughly 4,500 odd warehouses now. So, we have roughly 12% of the warehouses registered with us.

The negotiable warehouse receipts should be utilized for getting pledge finance for the commodities, which are stored in our warehouses.

Mr. Rakesh Kumar Meena, Director, Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry also underlined the Hon’ble Prime Minister Shri Narendra Modi’s vision for transforming India into a developed nation by 2047. Mr. Meena further highlighted that to enhance infrastructure planning and coordination, the Prime Minister introduced the PM Gati Shakti National Master Plan. To further support this initiative and improve logistics services, the National Logistics Policy (NLP) was launched.

During the key address at the National Conference, Mr. Prakash Gaur, CEO, National Highways Logistics Management Limited, emphasised the increasing focus on the Logistics Sector in recent years. He acknowledged the private sector’s role in expanding Warehousing Infrastructure and stressed the importance of collaboration that has reduced logistics costs from 14% to 9%. He noted that this reduction has boosted India’s global competitiveness, particularly in Product Innovation and cost efficiency.

Other who also spoke during the conference were Mr Manuj Adlakha, Co-Founder, Bootes & Cargo People, Shri Sanjay Bajpai, Co-Chairman, National Council on Logistics & Warehousing, ASSOCHAM & Executive Director, Container Corporation of India Ltd., Mr Girish Singhi, Co-Chief Investment Officer, Welspun One and Mr Manish R Sharma, Partner, PwC.


Mansi Praharaj

Business

RRB NTPC 2024 Notification Out, 11558 Vacancies, Apply Online from this Date

RRB NTPC Apply Online 2024 Updates: Railway Recruitment Board (RRB) has recently announced bumper recruitment. The target of this recruitment drive is to fill around 11,558 vacancies for both graduate and undergraduate posts.

RRB will start application for the recruitment of Non Technical Popular Category (NTPC) from tomorrow i.e. 14th September. Interested and eligible candidates can apply for this recruitment from the official website of RRB NTPC, rrbapply.gov.in.

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RRB NTPC Recruitment 2024:

RRB NTPC has announced recruitment for a total of 11,558 posts. In this, 8,113 posts will be filled for graduates and 3,445 posts will be filled for undergraduates.

RRB NTPC Recruitment 2024: Recruitment on these posts

RRB NTPC 2024 recruitment is to be done for the posts of Commercial cum Ticket Clerk, Accounts Clerk cum Typist, Junior Clerk cum Typist and Trains Clerk for undergraduate posts. At the same time, these recruitments for graduate posts will be done for the posts of Chief Commercial cum Ticket Supervisor, Station Master, Goods Train Manager, Junior Account Assistant cum Typist and Senior Clerk cum Typist.

Also Read: RBI cancels Certificate of Registration of Four NBFCs

RRB NTPC Recruitment 2024: Essential Qualification

For these posts, the candidate must have a Bachelor’s degree from a recognized university and for undergraduate posts, the candidates must have completed class 12th from a recognized board.

RRB NTPC Recruitment 2024: Last date to apply

As per the RRB NTPC notification, candidates can apply for Graduate level posts from September 14 to October 13 and for Undergraduate level posts from September 21 to October 20.

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Business

Brightcove Unveils the ‘Brightcove AI Suite’ with Solutions to Supercharge Content Creation, Engagement and Revenue

Brightcove Unveils the ‘Brightcove AI Suite’ with Solutions to Supercharge Content Creation, Engagement and Revenue

September 13, 2024,Boston, United States : Brightcove (NASDAQ: BCOV), the world’s most trusted streaming technology company, today announced the introduction of the Brightcove AI Suite, a multi-faceted product launch designed to shape the future of video and engagement technology. The new AI-powered capabilities, developed in collaboration with customers, will address their growth-driving and cost-saving needs, including content creation, audience growth and engagement, increased revenue, and improved business efficiency.

“Generative AI is transforming how companies create content and how users engage, and we believe it will drive a boom in video content and its consumption. To enable our customers to take full advantage of these next-generation creation and engagement capabilities, we are enhancing our platform with a suite of AI-driven solutions to deliver on these opportunities,” said Marc DeBevoise, CEO of Brightcove. “By listening to our customers and analyzing their businesses and use cases, we built the Brightcove AI Suite to address their needs, especially in key focus areas, including maximizing content utilization, driving engagement, growing revenue, and solving the cost-to-quality equation.”

Building on 20 years at the forefront of video technology and engagement, the Brightcove AI Suite will integrate seamlessly into Brightcove’s two-time Emmy Award-winning video cloud platform and customer experiences so companies can optimize and accelerate their video content strategy and processes, all within the platform. The Brightcove AI Suite will launch with five new AI-powered solutions: AI Content Multiplier, AI Universal Translator, AI Metadata Optimizer, AI Engagement Maximizer, and AI Cost-to-Quality Optimizer. Each solution is available to existing customers to pilot, with general availability planned for later this year. These solutions will help customers create and optimize content, grow engagement and monetization, and reduce the costs of creating, managing, and delivering content without sacrificing quality.

As part of this initiative, Brightcove is strengthening its platform by using models from industry leaders like Anthropic, AWS, and Google to deliver excellence and speed of innovation by adding the power of their Generative AI models to Brightcove’s solutions. Additionally, Brightcove is integrating AI solutions from other partners, including CaptionHub and Frammer.

The Brightcove AI Suite will initially focus on solutions in four key areas that Brightcove customers shared as their most significant priorities and business needs. The solutions within these areas are designed to accelerate customers’ engagement and video AI capabilities across industries and use cases. The four priority areas are:

Content Creation: These generative solutions will help customers breathe new life into existing content libraries by enabling the creation of more videos quickly and easily to engage audiences. Solutions within this area include the AI Content Multiplier, which uses Gen AI to automate time-consuming tasks within the platform through actions like reformatting horizontal to vertical content, auto-clipping, auto-summarization, and creating highlight reels from longer content, and the AI Universal Translator, which will allow companies to deliver accurate translations across 130 languages with the ability to fine-tune, plus dubbing in over 80 languages and hundreds of voices with the ability to edit pronunciations and timing.

Content Management and Optimization: These solutions will help customers accelerate workflows and significantly simplify managing content libraries. This includes turning content libraries into a foundational data layer and optimizing those libraries for large language models (LLMs) to improve discoverability and engagement. As part of this effort, Brightcove is launching an AI Metadata Optimizer, which will generate descriptions and automatically transform content into searchable and AI-optimizable data sets to help make it more discoverable and monetizable. This solution will minimize the task of sorting through hundreds of hours of content by hand and adding necessary descriptors and tags.

Content Engagement and Monetization: These solutions are designed to help customers seeking to exceed their growth and revenue goals by finding the best ways to maximize their content’s engagement and revenue. As part of this, the Brightcove AI Engagement Maximizer will deliver new capabilities like AI-powered automated video interactivity, personalization, and recommendations to deeply engage audiences and build loyalty. Brightcove is also working on an industry-transforming AI Revenue Maximizer solution that will optimize ad placements and durations to automatically maximize revenue without impacting viewer satisfaction.

Quality and Efficiency: These solutions will help customers manage costs without compromising quality. With Brightcove’s AI Cost-to-Quality Optimizer, companies can drive down the cost of encoding, storage, and content delivery without sacrificing the viewer experience. The solution will continuously optimize content ingestion and delivery by using a combination of Brightcove’s Emmy Award-winning Context Aware Encoding (CAE) technology, market-leading delivery engine, and Quality of Experience (QoE) insights benchmarks. These will work in tandem to manage costs automatically for a company based on their choice of quality levels.

The Brightcove AI Suite is a collaborative, customer-focused initiative being tested with more than a dozen customers, including Management Leadership for Tomorrow (MLT), Major League Fishing, Italiaonline, and OneValley. For a limited time, the company is expanding its AI pilot program to all customers at no additional cost.

“As a trusted partner to more than 2,000 global customers, we are also launching the Brightcove AI Pledge: a commitment to securely handling customer data with transparency and responsibility,” said Scott Levine, Chief Product Officer at Brightcove. “Part of our differentiation will be our ability to advance Generative AI securely, protecting our customers’ most valuable assets, including transparent guiding principles to protect customer data and content integrity. We will only use data and content to train our AI models with explicit permission from our customers so they can decide their level of inclusion and security.”

Brightcove is committed to building the world’s smartest, fastest, and most reliable automated engagement platform, anchored in video, to revolutionize how customers engage and grow their audience, increase revenue, and improve business efficiency. The Brightcove AI Suite will continue to launch new capabilities in the near and long term based on customer feedback and use.


Praveen

Business

STAAH’s Mumbai chapter of ‘The Big Connect’ hospi-tech conference successfully concludes

Mumbai, September 13, 2024: STAAH, the New Zealand-based leading hospitality solutions provider that has transformed the business processes of its partner hotels in India and across the world with its stack of hospi-tech solutions, has successfully concluded yet another edition of ‘The Big Connect’ conference, this time in Mumbai.

STAAH partnered with hotel booking platform, Booking.com and WebBeds – the global marketplace for travel trade, to organise the mega hospi-tech networking conference that saw the attendance of over 400 industry experts and innovators converge at Mumbai’s Sahara Star hotel.

The event featured insightful sessions on how technology can be leveraged in different ways to empower owners of hotels to optimize their operations and distribution channels while enhancing guest experiences. Hoteliers were educated on the latest tools and strategies to enhance their online bookings and revenue.

The attendees also had the opportunity to share and exchange new ideas, discuss emerging trends and technologies while fostering new connections.

“We are delighted to have brought ‘The Big Connect’ to Mumbai and are thankful to our partners for making this event a huge success! This event saw representatives from the hospitality sector gather under one roof and, in intellectually stimulating exchanges, find new ways to drive the growth of the sector forward with the adoption of new hospi-tech technologies and platforms. Look forward to taking ‘The Big Connect’ to more cities,” said Shoaib Ali, National Sales Head – India, STAAH.

The event concluded with a live comedy session by Atul Khatri followed by a cocktail and dinner at the venue.


Mansi Praharaj

Business

Pension New Rule: Govt issued order, No delay in central govt employees’ pension

The central government has taken the problem of delay in pension of employees seriously. With this step of the government, pensioners will get pension on time without any delay. Till now pensioners have been complaining that they do not get pension on time.

Many times it takes months to process. Now the central government has fixed a deadline for pensioners according to which the pension will be processed. Regarding this, the Finance Ministry has issued an order, in which all the officers have been directed to strictly follow the deadline as per CCS (Pension) Rules 2021.

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Pension process has to be completed on time

According to the CCS (Pension) Rules, 2021, it is mandatory to complete pension cases on time. So that, retiring employees can get pension on time. For this, employees have to start checking their service records and making other preparations one year before their retirement.

Time limit for pension:

One year before retirement : Service record has to be checked and initial work has to be started.

Six months before retirement: The employee has to submit the required forms to his office head.

Four months before retirement: The head of the office has to send the pension case to the Pension Accounting Office (PAO).

One month before retirement: Pension Accounting Office has to issue Pension Payment Order (PPO) and send it to Central Pension Accounting Office (CPAO).

There is also a provision in the rules that if a final decision on the pension and gratuity of an employee is not taken and he has to retire, then he will be given a temporary pension (provisional pension).

Also Read: Bank Holiday: All banks will remain closed in this state today, check RBI’s list

Deadlines must be met:

The government has directed all pension accounting offices to strictly adhere to the timelines for processing pension cases to ensure timely payment of retirement dues.

  • This information is important
  • Name of the pensioner
  • Date of retirement

Date of submission of pensioner’s documents (six months before retirement)

The date on which the pension case is sent to the pension accounting office by the head of the office (4 months before retirement). This new system will help millions of senior citizens to easily complete their pension related work.

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