Briefly Business

RBI to issue new coins of 50 paise to Rs 10

Airtel raises pre-paid tariff rates by 20%

new delhi: Bharti Airtel has announced 20% increase in pre-paid tariff rates of its Advantage and Freedom pack for calls and SMSes sent within Airtel network.

Shubhranshu Singh now Visas Marketing Director

new delhi: Shubhranshu Singh,National Head,Customer Marketing and Key Accounts for Diageo India is moving to Visa as Marketing Director,India and South Asia effective August 1.

RBI to issue new coins of 50 paise to Rs 10

mumbai: The Reserve Bank of India has said it will soon put into circulation new coins in five denominations,ranging from fifty paise to Rs 10.

MS Rana set to take over as NMDC CMD

new delhi: M S Rana,currently the CMD of Security Printing and Minting Corporation of India,is set to take over at the helm of affairs of NMDC.

Ashok Leyland,Nissan roll out small CV Dost

chennai: The first small commercial vehicle Dost from Ashok Leyland and Nissan Motor was rolled out from their Hosur manufacturing facility on Friday.

Review petition filed against HC order on PF assessment

Gwalior: A revision petition has been filed by two private companies in the Gwalior bench of the Madhya Pradesh High Court to review its earlier order directing them to calculate conveyance,house rent and special allowance in the basic wage for calculating provident fund of employees.

Story continues below this ad

Montage Enterprises Private Limited and U-Flex filed the petition before the division bench of justices S K Gangele and Brij Kishore Dube,asking for its review of the courts judgement of March 24,2011 on the issue.

The same bench had asked them to carry out the exercise for the benefit of their employees. The story was first reported by The Indian Express on July 19. The bench in its judgement has laid down a principle for treatment of certain allowances like conveyance/ transport and special allowance among others as the component of basic wages for the purpose of provident fund liabilities if the same are being paid uniformly,necessarily and ordinarily to all employees.