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Bill Gates is surpassed by Gautam Adani to become the fourth-richest person in the world

Ut World July 21, 2022 0

According to Forbes’ Real-Time Billionaires List, Indian entrepreneur Gautam Adani has passed Microsoft co-founder Bill Gates to become the fourth richest person in the world. On Thursday, the 60-year-old business tycoon outperformed Mr. Gates, whose fortunes stand at $104.6 billion, with Continue Reading

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Commerce Ministry Announces Rules for Working from Home

Ut World July 20, 2022 0

The Commerce Ministry stated on Tuesday that work from home (WFH) is permitted for a maximum of one year in a special economic zone unit and can be expanded to 50% of all employees. A brand-new rule 43A for WFH in the Special Economic Zones Rules, 2006 has been made public by the Department of […]Continue Reading

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No GST On Cereals, Pulses, Flour Weighing Over 25 Kg: Finance Ministry

Ut World July 18, 2022 0

The 5% GST charge is not applied on single packets of unbranded, pre-packaged, and labelled food commodities such cereals, lentils, and flour that weigh more than 25 kg. The Central Board of Indirect Taxes and Customs released FAQs late on Sunday night to allay various concerns. They stated that only pre-packaged items weighing up to […]Continue Reading

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Nitin Gadkari on Raising Funds For Road Projects: “Going To Share Market”

Ut World July 13, 2022 0

Nitin Gadkari, the union’s minister of transport, stated on Tuesday that the government would raise money for road projects through the financial markets. The minister added that despite concerns about a worldwide recession, financing infrastructure projects is not a problem. “I’m heading to the capital market right now. Financial difficulties are not a Continue Reading

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Gita Gopinath becomes first woman and 2nd Indian to feature on IMF’s ‘wall of former chief economists’

Ut World July 8, 2022 0

India-born Gita Gopinath became the second Indian and the first woman to appear on the IMF’s “wall of former chief economists” (IMF). Raghuram Rajan, who served as the IMF’s Chief Economist and Director of Research from 2003 to 2006, was the first Indian to receive the honour. Gopinath joined the IMF in October 2018 as […]Continue Reading

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DGCA issues showcause notice to SpiceJet over frequent snags

Ut World July 6, 2022 0

In response to SpiceJet’s increasing number of air safety problems, the Directorate General of Civil Aviation (DGCA) on Tuesday issued a show-cause notice. The aviation safety authority noted in its notice that after reviewing the numerous incidents that have occurred since April 1 of this year, it was determined that “poor internal safety oversight” and Continue Reading

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Refiner NRL Issues “Fake Website With Fake Vacancies” Warning to Job Seekers

Ut World July 5, 2022 0

Numaligarh Refinery Ltd. (NRL), the largest PSU refiner in India, claimed on Monday that a bogus website bearing its name had been established to solicit money from job applicants in exchange for false promises of employment. According to a statement from NRL General Manager (Corporate Communication) Madhuchanda Adhikari, the company has already reported a crime […]Continue Reading

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Salary, Complete and Final Settlement Within 2 Days, Declares New Wage Code

Ut World June 30, 2022 0

According to the new wage code, a corporation must pay an employee’s full and final settlement of earnings and dues within two days of their last working day following their resignation, dismissal, or departure from employment and services. Businesses often pay the full settlement of salaries and other obligations 45 to 60 days after an […]Continue Reading

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After son Akash takes over Jio, Mukesh Ambani’s daughter Isha to have a big role

Ut World June 29, 2022 0

In yet another indication that her father, Indian billionaire Mukesh Ambani, is moving through with a plan for succession in one of Asia’s wealthiest families, Isha Ambani is scheduled to be made chairman of the Reliance conglomerate’s retail division. According to informed sources who declined to be named before a formal announcement, Isha Ambani’s Continue Reading

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Mukesh Ambani Resigns, Akash Ambani Is New Jio Chairman

Ut World June 28, 2022 0

Akash Ambani, the 65-year-old billionaire’s eldest son, will take over as chairman of the board of Jio Infocomm, Reliance Industries’ digital division, as part of Mukesh Ambani’s succession planning. With effect from June 27, Mukesh Ambani has resigned from his position as corporate director. In a regulatory statement, Reliance Jio Infocomm stated that Continue Reading