Till now BARC and ISRO have enjoyed performance related incentives but the recent cabinet meeting has decided to cut it down to reduce extra burden on the economy.
Till now BARC and ISRO have enjoyed performance related incentives but the recent cabinet meeting has decided to cut it down to reduce extra burden on the economy. According to the sources, in a cabinet meeting headed by the state minister for space and secretaries from Bhabha Atomic Research Center and Department of Space it has been decided that now PRIS or Performance Related Incentive Scheme is not required since the scientists in these organizations are already getting the highest salaries in the country.
The economy will have to be "strong enough" for the government to U-turn on winter fuel payment cuts, the business secretary has said.
Households on the energy price cap will see a 7% reduction in their average annual payments from 1 July, the industry regulator has announced while urging households to seek out the "better deals out there".
The private equity backer of businesses including Bonhams, the auctioneer, and Amber Taverns is plotting a bid for a portfolio of aquariums earmarked for disposal by the world's biggest theme park operator.
Doctors and teachers will be given a 4% pay rise after the government accepted recommendations from independent review bodies.
The Chancellor borrowed more than expected at the start of the new tax year, piling more pressure on the public finances ahead of next month's spending review.
Phoenix Group, the FTSE-100 pensions provider, is plotting to rebrand itself using the historic Standard Life name it acquired four years ago.
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