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Forbes published the list of the Richest Men in India!

As per the latest Forbes list of Riches Men in India, there are 121 billionaires in the country. Tthe list is topped by Mukesh Ambani is richer by $16.9 billion in 2018 with assets of $40.1 billion, according to Forbes magazine’s annual billionaire’s list which was published Tuesday.

In the worldwide rank, Ambani has reached 19th rank among 2,208 billionaires whereas he was in 33rd with $23.2 billion in the year of 2017.

While India has 121 billionaires, US has 585 billionaires whereas China has 373. India iss thus third in the ultra rich club.

2% DA hike for Employees likely from January 1, Details here

Dearness allowance for lakhs of central government employees and pensioners is likely to be hiked by 2 per cent, government sources told.

The proposed hike is expected to come up for the approval of the Union Cabinet soon.

It will benefit 50 lakh government employees and 61 lakh pensioners of the central government and will come into effect from 1 January 2018.

Dearness allowance and dearness relief are provided to employees and pensioners to neutralise the impact of inflation on their earnings.

The existing dearness allowance – paid as proportion of the basic pay of central government employees or pension – is 5%.

According to the government, the increase in dearness allowance is made in accordance with the formula based on the recommendations of the 7th Central Pay Commission.