UwidoNews

Even as the one lakh employees of the three power companies of the state utility Maharashtra State Electricity Board– Mahagenco, Mahatransco and Mahavaitaran – called off the strike, most parts of the state excluding Mumbai went without as more than 6000 MW of electricity was not generated on Tuesday.

Governor Pat Quinn today acknowledged he plans to raise income taxes in the wake of a Chicago Tribune story that he is considering a 50 percent increase on individuals. He declined to confirm details in the Tribune report, which said he is looking at raising the personal income tax from 3 percent to 4.5 percent as well as increasing personal exemptions.

The dearness allowance (DA) will see an overall increase of 35% since 1st Jan 2010 according to sources. The calculations for the DA are dependent on the All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100.

Today the cabinet announced an eight percent increase in the dearness allowance of government employees and pensioners for 2010.Information and Broadcasting Minister Ambika Soni said that – ” The cabinet approved an eight per cent increase in the dearness allowance of government employees and dearness relief of pensioners with effect from Jan 1, 2010,

About 80,000 workers from 60-odd companies in this industrial hub stayed away from work on Tuesday to protest the death of a worker in an automobile firm in Gurgaon.
http://www.hindustantimes.com/News/haryana/Auto-unions-strike-affects-wo...

Microsoft Corp posted a 60 percent increase in quarterly profit, helped by strong sales of its new Windows 7 operating system, and said it expected business technology spending to recover this year.The world's largest software maker, whose shares rose 1.4 percent in after-hours trading, reported net profit of $6.7 billion,

The Delhi Cabinet has approved the increase of minimum wages in delhi by 33%. According to the New wages in Delhi An unskilled worker will now get Rs 5,272 per month, a semi-skilled workers will get Rs 5,850 per month and skilled workers will be getting Rs 6,448 per month.

HDFC Bank, the country's second largest private lender, has posted a 24.27 percent increase in net profit at Rs.663.9 crore.

The government today announced a five percent increase in the dearness allowance for the central government employees and pensioners, with effect from July this year, entailing an outgo of about Rs 2,904 crore this fiscal.