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Tag: pay

  • Microsoft to pay $3 mn fine for selling software to sanctioned Russian firms

    Microsoft to pay $3 mn fine for selling software to sanctioned Russian firms

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    San Francisco: Microsoft will pay $3 million in penalty in the US for selling software to sanctioned companies in Russia, Cuba, Iran and Syria from 2012 to 2019.

    The majority of the apparent violations involved blocked Russian entities or persons located in the Crimea region of Ukraine, and occurred as a result of the Microsoft Entities’ failure to identify and prevent the use of its products by prohibited parties, according to the US Department of the Treasury.

    “The settlement amount reflects Office of Foreign Assets Control’s (OFAC) determination that the conduct of the Microsoft Entities was non-egregious and voluntarily self-disclosed, and further reflects the significant remedial measures Microsoft undertook upon discovery of the apparent violations,” it said in a statement.

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    According to an enforcement notice from OFAC, Microsoft, Microsoft Ireland, and Microsoft Russia failed to oversee who was buying the company’s software and services through third-party partners.

    Between July 2012 and April 2019, the Microsoft Entities engaged in 1,339 apparent violations of multiple OFAC sanctions programmes when they sold software licenses, activated software licenses, and/or provided related services from servers and systems located in the US and Ireland to SDNs, blocked persons, and other end users located in Cuba, Iran, Syria, Russia, and the Crimea region of Ukraine.

    “The causes of these apparent violations included the lack of complete or accurate information on the identities of the end customers for Microsoft’s products,” said the Treasury.

    The total value of these sales and related services was $12,105,189.79.

    Microsoft Russia employees may have also intentionally tried to defeat the company’s due diligence efforts, according to the US agency.

    A Microsoft spokesperson said that “Microsoft takes export control and sanctions compliance very seriously, which is why after learning of the screening failures and infractions of a few employees, we voluntarily disclosed them to the appropriate authorities”.

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    ( With inputs from www.siasat.com )

  • 7th Pay Commission Big Update– Salary Of Employees Will Be Increase With New Formula- Know Details – Kashmir News

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    7th Pay Commission Latest Update: Though nothing has been confirmed as of now, speculations are rife that the Centre may announce another Dearness Allowance (DA) hike in July. Experts are assuming that DA may increase by 4% with the data of the past four months. However, the government might implement a new formula for the expected DA hike, said fresh reports which come days after Union Minister Anurag Thakur announced a 4% hike in dearness allowance for over 50 lakh Central government employees.

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    Sources in the ministry say that now a new pay commission will not come for the employees, rather their salary will be increased according to the performance of the employees. However, the government is still brainstorming on how this formula will work in future.

    How will be the new formula-

    The new formula to increase the salary of the employees has not been approved yet, but it is believed that it may be completely based on DA. According to sources, under the new formula, as soon as the DA of the employees increases by 50 percent, there will be an automatic increase in their salary. This can be named as automatic pay revision, which will benefit 68 lakh central employees and about 52 lakh pensioners.

    Read Also: Girl Fakes Her Death To Gain Attention On Twitter

    Not the officers, but the employees will get big benefit.

    The maximum benefit of this formula of the government will be given to the small level employees. However, the formula is yet to be finalised. But, it is believed that after the implementation of the new rule, the salary of low-level employees will increase more. Under this, the minimum basic pay of the employees of Level Matrix 1 to 5 will be Rs 21 thousand.

    7th Pay Commission

    In the month of July, 2016, AK Mathur headed the Seventh Pay Commission and submitted a report on it to Finance Minister Arun Jaitley. The report suggested a 23.55% hike in pay and allowances of government employees. If the 7th pay commission is implemented, government employees will benefit from a pay hike and other benefits.

    The Government of India is planning to implement the 7th Pay Commission’s recommendations by January 2017. Uttar Pradesh has already approved the 7th Pay Commission and have announced that it will be implemented by January 2017.

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    #7th #Pay #Commission #Big #Update #Salary #Employees #Increase #Formula #Details #Kashmir #News

    ( With inputs from : kashmirnews.in )

  • Johnson & Johnson willing to pay $9bn to settle talc claims: Report

    Johnson & Johnson willing to pay $9bn to settle talc claims: Report

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    London: US pharmaceutical giant Johnson & Johnson has proposed to pay almost $9 billion to resolve tens of thousands of lawsuits the company faces in North America over claims that its baby powder and other talc-based products cause cancer, the media reported.

    The healthcare giant said it still believed the claims were “specious” but was hoping the new settlement offer would help conclude its legal battle, the BBC reported.

    The figure marks a big boost over the $2 billion it had proposed previously.

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    The new offer has significant support from people tied to the case, it said.

    The company is facing more than 40,000 lawsuits from former customers who say using its talc-based baby powder caused cancer, including some who allege the product contained cancer-causing asbestos.

    It stopped US sales of its talc-based baby powder in 2020, citing “misinformation” that had sapped demand for the product, applied to prevent nappy rash and for other cosmetic uses, including dry shampoo.

    Last year, it announced plans to end sales globally.

    Before that decision, the company had sold the baby powder for almost 130 years. It continues to sell a version of the product that contains cornstarch.

    The company has been trying to resolve the lawsuits in bankruptcy court since 2021, after creating a subsidiary responsible for the claims.

    But its efforts ran into trouble after an earlier bankruptcy court ruling found the subsidiary was not in financial distress and could not use the bankruptcy system to resolve the lawsuits.

    “The company continues to believe that these claims are specious and lack scientific merit,” said Erik Haas, worldwide vice president of litigation for Johnson & Johnson.

    “Resolving this matter through the proposed reorganisation plan is both more equitable and more efficient, allows claimants to be compensated in a timely manner, and enables the company to remain focused on our commitment to profoundly and positively impact health for humanity.”

    Johnson & Johnson said it had won a majority of the talc lawsuits against it. But it has been stuck with some significant losses, including one decision in which 22 women were awarded a judgement of more than $2 billion.

    The company said it had commitments from about 60,000 current claimants to support the new settlement terms.

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    #Johnson #Johnson #pay #9bn #settle #talc #claims #Report

    ( With inputs from www.siasat.com )

  • Selected pilgrims must pay Rs 81800 by April 7: Haj Committee

    Selected pilgrims must pay Rs 81800 by April 7: Haj Committee

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    Hyderabad: The provisionally selected Haj pilgrims must pay the first installment of Rs 81,800 by or before April 7, 2023, the Haj Committee of India (HCI) notified on Tuesday.

    The Haj Committee of India’s accounts are held with SBI or UBI, and pilgrims may pay the required amount online or at any branch of that bank with a core banking system by entering the Bank Reference Number on the designated pay-in-slip on the website.

    The Deposit receipt must include each cover’s distinct Bank Reference Number.

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    The Haj Committee informed the provisionally chosen pilgrims that they must submit a copy of the pay-in slip, along with a medical screening and fitness certificate (format available on the website), and an original international machine-readable passport to the concerned State Haj Committee by or before April 15, 2023, after depositing the advance amount.

    Thus, to avoid any delays in submitting the passports of tentatively selected pilgrims of Haj 2023 to the High Commission of India by 15 April 2023, State/UT Haj Committees must submit the pilgrims’ documentation on a daily basis.

    The Haj Committee of India stated that the following payments will be determined after the finalisation of the airfare cost and other charges in Saudi Arabia, and that they would be announced shortly.

    Telangana State Haj Committee chairman Mohammad Saleem stated that candidates must be permanent government workers who have already done Haj or Umrah and have a solid understanding of Haj-related activities, with preference given to those who are fluent in Arabic.

    “Children must get all necessary doses of authorised Covid-19 vaccinations,” he stated.

    He further stated that senior officials such as Class-A officers of the Central or State Governments or their equivalents are ineligible.

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    #Selected #pilgrims #pay #April #Haj #Committee

    ( With inputs from www.siasat.com )

  • Several celebrities refuse to pay Musk $8 for Twitter Blue

    Several celebrities refuse to pay Musk $8 for Twitter Blue

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    New Delhi: Twitter launched its verification system in 2009 to protect celebrities from impersonation but now, Elon Musk wants everyone to pay for the Blue badge, and the move has not gone well with several celebrities on the platform.

    Musk now wants everyone to pay $8 a month (Rs 900 in India a month) for verified Blue check marks, and all legacy Blue badges are set to go away any moment.

    The White House and The New York Times have already refused to pay for verified Blue with subscription service.

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    LeBron James, the highest-paid NBA player of all time and earning over $40 million per year, refused to pay Twitter.

    “Welp guess my blue check mark will be gone soon cause if you know me I ain’t paying the 5,” he posted on the platform.

    Actor William Shatner tweeted at Musk: “Now you’re telling me that I have to pay for something you gave me for free? What is this – the Columbia Records & Tapes Club?”

    Michael Thomas, a wide receiver for the NFL’s New Orleans Saints, posted: “Don’t nobody want that raggedy blue check no way anymore”.

    Activist-lawyer Monica Lewinsky posted a set of screenshots showing several Twitter accounts impersonating her.

    “Well this is going to be fun. In what universe is this fair to people who can suffer consequences for being impersonated? A lie travels halfway around the world before truth even gets out the door”, she posted.

    Meanwhile, Musk-run Twitter has removed the Blue badge of The New York Times, barely a week after he announced a new policy for keeping verification badges.

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    #celebrities #refuse #pay #Musk #Twitter #Blue

    ( With inputs from www.siasat.com )

  • Do customers have to pay transaction fees for UPI payments?

    Do customers have to pay transaction fees for UPI payments?

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    The National Payments Corporation of India (NPCI) has announced that beginning April 1, an interchange charge of up to 1.1% would be levied on merchant UPI (Unified Payments Interface) transactions.

    According to a recent circular from the NPCI, utilising Prepaid Payment Instruments (PPIs) for UPI transactions would incur an interchange fee. If the transaction exceeds 2,000, fees will be applied.

    The interchange charge varies depending on the kind of retailer. It ranges from 0.5% to 1.1%, with a limit in place in specific areas.

    According to a statement released today by NPCI, the new charge is exclusively applicable to merchant transactions done using prepaid payment instruments. The payments authority stressed that there will be no costs charged on conventional UPI transfers, dubbed “bank account-to-bank account based UPI payments.”

    The interchange charge for telecom, education, and utilities/post office is 0.7%, while the fee for supermarkets is 0.9% of the transaction amount. Insurance, government, mutual funds, and railways will be charged 1%, fuel 0.5%, and agricultural 0.7.

    The charges will be applicable from April 1.

    In the event of peer-to-peer (P2P) and peer-to-peer-merchant (P2PM) transactions, exchange will not be used. PPP issuers will be asked to pay a wallet-loading charge of 15 basis points (bps) to the remitter bank for transactions above 2,000.

    The NPCI will evaluate the price on or before September 30, 2023.

    In August of last year, the Finance Ministry announced that UPI is a digital public benefit and that no fees will be levied on transactions done through it.

    “UPI is a digital public good with immense convenience for the public & productivity gains for the economy. There is no consideration in Govt to levy any charges for UPI services. The concerns of the service providers for cost recovery have to be met through other means,” the ministry tweeted.

    The announcement came after the RBI released a discussion paper in which it stated that UPI, as a fund transfer system, is similar to IMPS (Immediate Payment Service), and so costs in UPI might be equivalent to those paid on IMPS fund transfers.



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    #customers #pay #transaction #fees #UPI #payments

    ( With inputs from www.siasat.com )

  • 7th Pay Commission Good News: Centre Approves Release of Additional Installment of DA to Government Employees and Dearness Relief to Pensioners- Details Here – Kashmir News

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    7th Pay Commission Good News: Centre Approves Release of Additional Installment of DA to Government Employees and Dearness Relief to Pensioners- Details Here – Kashmir News

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    #7th #Pay #Commission #Good #News #Centre #Approves #Release #Additional #Installment #Government #Employees #Dearness #Relief #Pensioners #Details #Kashmir #News

    ( With inputs from : kashmirnews.in )

  • Telangana govt to pay Rs 12,718.40 cr true-up charges to discoms

    Telangana govt to pay Rs 12,718.40 cr true-up charges to discoms

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    Hyderabad: The Telangana government has decided to pay Rs 12,718.40 crore in true-up charges to Discoms, which were accepted by the Telangana State Electricity Regulatory Commission (TSERC) on Friday. The true-up charges are pending for the last 15 years. The ERC also stated that the retail supply tariff would not be changed for the fiscal year 2023-24.

    TSERC Chairman T Sriranga Rao stated at a press conference that Discoms had informed the commission that the State government has promised to bear the cost connected to irrigation and other welfare programmes for the next five years without burdening the discoms.

    He further stated that the state government has agreed to a subsidy commitment of Rs 9,124.82 crore for the fiscal year 2023-24.

    He said that the commission has agreed to cut the power rate for temples, masjids, churches, gurudwaras, and crematoriums from Rs 7 per unit to Rs 5 from April 1. While religious locations would have modified pricing under LT VII B, the fixed costs of Rs 21 have been raised to Rs 30. Following requests from religious facility management, the discoms included the advice in their aggregate revenue needs (ARR) for 2023-24, which they filed with the TSERC.

    According to power tariff proposals filed to the TSERC by the discoms last December, the annual aggregate revenue requirement (ARR) for the next fiscal year was Rs 54,060 crore. The energy need is 83,111 million units (MU), whereas the sales expectation is 73,618 MU.

    TSSPDCL presented an ARR of Rs 36,963 crore while TSNPDCL submitted an ARR of Rs 17,095 crore. Overall income from the current pricing is estimated to be Rs 43,525 crore, with a revenue deficit of Rs 10,535 crore.

    TSSPDCL has a revenue gap of Rs 3,211 crore, whereas TSNPDCL has a revenue deficit of Rs 7,324 crore. The state government is likely to contribute Rs 10,535 crore. Nevertheless, the anticipated real cost of service per unit for fiscal year 2023-24 is Rs 7.34.

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    #Telangana #govt #pay #trueup #charges #discoms

    ( With inputs from www.siasat.com )

  • Fighting for voice of India, ready to pay any cost: Rahul post disqualification

    Fighting for voice of India, ready to pay any cost: Rahul post disqualification

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    Post his disqualification from Lok Sabha, Rahul Gandhi on Friday evening said that he is ready to pay ‘any cost’ as he is fighting for the ‘voice of India’.

    “I am fighting for the voice of India. I am ready to pay any cost,” he tweeted.

    He was disqualified just a day after a Surat court’s verdict sentencing the Wayanad MP to 2 years in jail in a defamation case on Thursday, filed on a complaint by BJP MLA Purnesh Modi for his alleged remark, “How come all thieves have Modi as the common surname?”

    “Shri Rahul Gandhi, Member of Lok Sabha representing the Wayanad Parliamentary Constituency of Kerala stands disqualified from the membership of Lok Sabha from the date of his conviction i.e. 23 March, 2023 in terms of the provisions of Article 102(1)(e) of the Constitution of India read with Section 8 of the Representation of the People Act, 1951,” the Lok Sabha secretariat said in a notification issued on Friday.

    Congress MP Jairam Ramesh said that the party will not be ‘intimidated’ or ‘silenced’ by the decision to disqualify the Wayanad MP.

    “We will fight this battle both legally and politically. We will not be intimidated or silenced. Instead of a JPC into the PM-linked Adani MahaMegaScam, @RahulGandhi stands disqualified. Indian Democracy Om Shanti,” Jairam Ramesh tweeted.

    Leaders of several opposition parties on Friday spoke up in support of Rahul Gandhi post his disqualification as a Lok Sabha MP due to his conviction in a criminal defamation case from 2019.

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    #Fighting #voice #India #ready #pay #cost #Rahul #post #disqualification

    ( With inputs from www.siasat.com )

  • RRR producer Danayya sidelined at Oscars as he didn’t pay Rs 25cr?

    RRR producer Danayya sidelined at Oscars as he didn’t pay Rs 25cr?

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    Hyderabad: As the whole nation is brimming with pride after RRR bagged an Oscar award, the team members of the film are now making headlines for the wrong reasons. Recently, Bollywood actress Jacqueline Fernandez’s make-up artist Shaan Muttathil claimed that the RRR team bought the Oscar award with money. In the latest development, it is rumoured that producer DVV Danayya was ignored and the RRR team used the banner name Variance (American Company) instead during the Oscar event.

    It is rumoured that SS Rajamouli proposed Danayya, Ram Charan and NTR share Rs 25 crore each for the Oscar promotions. RRR’s director hoped to receive at least one award or nomination among the Best Film, Best Director, and Best Actor categories. It is said that Rajamouli suggested to the trio that all of them should put in their efforts collectively so that RRR may bag any award.

    Rumours mills claim that producer Danayya refused Rajamouli’s proposal by stating that he did not make any significant profit with RRR which is why he could not spend a hefty amount to bring any award. The movie’s lead actors Ram Charan and NTR however agreed with Rajamouli and invested the money.

    The director succeeded and the movie won the prestigious award but the question is raised why was Danayya ignored in such a way that the banner name of an American company was used at Oscars? It is also rumoured that Variance did all the liaisoning for RRR Oscar promotions due to which Danayya was ignored.

    The film received only a single nomination under “Best Original Song”, but what Jr NTR and Ram Charan got from it” Jr NTR got fame but overall his money was wasted while investing money in bringing Oscar helped Ram Charan as he is all set to make his Hollywood debut.  

    Now, reports are circulating that it was the money of Rajamouli, Ram Charan, and NTR that brought the awards to Keeravani and Chandrabose. However, DVV Danayya slammed all those who blame Rajamouli for sidelining him. In an interview recently, he said that he is grateful to the RRR director SS Rajamouli for providing him a chance to produce such a magnum opus. He proudly said that history would remember that RRR was produced by him.

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    #RRR #producer #Danayya #sidelined #Oscars #didnt #pay #25cr

    ( With inputs from www.siasat.com )