A 2.0 fitment factor under the 8th Pay Commission could double basic pay, but it may not double the gross salary of central government employees.

Here’s why DA, HRA and other allowances could make the actual salary increase much lower 👇
https://www.livemint.com/money/personal-finance/8th-pay-commission-salary-hike-a-2-0-fitment-factor-could-double-basic-pay-but-your-gross-salary-may-rise-much-less-11787387660288.html

In India, professional tax is deducted from salaries or paid directly by self-employed individuals. The structure varies by state, but not every state imposes this tax.

Details here 👇
https://www.livemint.com/money/personal-finance/why-is-professional-tax-deducted-from-your-salary-can-you-claim-it-as-a-deduction-while-filing-itr-11787332166075.html

The Trump administration plans to pay $725 million to the UN, less than 20% of the over $4 billion Washington says it owes. Experts say the payment could help keep the UN running, as the organisation faces a severe funding crisis and cuts.

https://www.livemint.com/news/us-news/keeping-the-un-afloat-trump-admin-plans-725-million-payment-as-global-body-battles-funding-crisis-will-it-help-11787391726062.html

If Mutual Funds returns are in red, your equities aren't giving good returns and things are getting expensive for you, while your income is not growing at the same pace as inflation. US debt is partly responsible, if not completely. While the $40 trillion figure is huge, the more striking number is how quickly the US got there. It added its latest $1 trillion in less than five months.

Watch!
https://www.youtube.com/watch?v=AD0nTqmETUI

Forex inflows mobilised under the Reserve Bank of India's special USD-INR swap facility reached USD 72.85 billion as of August 21 with FCNR(B) deposits accounting for the bulk of the funds raised under the scheme.

https://www.livemint.com/industry/banking/india-draws-72-85-billion-in-forex-inflows-fcnr-b-deposits-top-65-billion-says-rbi-11787396641948.html

Delhi has recorded over 2,300 Influenza-A cases this year, including over 1,777 H1N1 cases (swine flu) till Friday. Public Health Expert Dr Chandrakant Lahariya said that this time, H1N1 cases are being observed to be “quite severe.”

https://www.livemint.com/news/india/h1n1-cases-in-delhi-six-times-higher-severe-govt-issues-advisory-chair-review-meeting-as-experts-warn-10-points-11787454706246.html

#WATCH | Chinese Robot runs 100m in 9.39 seconds at Beijing Games, beats Usain Bolt’s men’s world record

PPF vs NSC: Compare the returns on ₹5 lakh over five years, along with 2026 interest rates, tax treatment, maturity and investment limits. Find out which government-backed savings scheme may better suit your short-term or long-term financial goals.

https://www.livemint.com/money/personal-finance/ppf-vs-nsc-5-lakh-investment-where-will-you-earn-more-in-5-years-check-calculations-11787457708290.html

#WATCH | Prime Minister Narendra Modi said India should build an ecosystem that attracts space talent from across the world, highlighting the country’s cost competitiveness, skilled workforce and risk-taking ability as key strengths for its growing space sector
#NationalSpaceDay

Posters depicting Rahul Gandhi as 'real-life Batman' have appeared near Congress headquarters and central Delhi. Displayed by Youth Congress president Akshay Lakra, they include phrases like 'The Silent Guardian' and 'A Watchful Protector'.

https://www.livemint.com/news/india/rahul-gandhi-a-real-life-batman-posters-put-up-near-congress-hqs-in-delhi-hail-him-as-watchful-protector-11787477520701.html

The Centre has approached the Supreme Court against a 5 March 2026 order of the Madras high court that granted relief to telecom company Reliance Jio Infocomm in a dispute over the distribution of goods and services (GST) credits among its various registrations.

https://www.livemint.com/news/india/reliance-jio-gst-input-tax-credit-dispute-supreme-court-madras-high-court-11787460834901.html

Iran war news LIVE Updates: Bessent to announce new US sanctions against Iran on Monday

https://www.livemint.com/news/us-news/iran-war-us-news-live-updates-warns-strait-of-hormuz-fee-fines-confiscation-donald-trump-israel-us-economic-pressure-11787530557974.html

#WATCH | Varanasi, Uttar Pradesh: Baba Vishwanath’s Mangala Aarti performed during early morning hours at Kashi Vishwanath Temple on the occasion of the last Sawan Somvaar.

Bank strike: Unions call nationwide shutdown over 2 key demands — 5-day work week, PLI scheme rollback; check dates here

https://www.livemint.com/money/bank-strike-unions-call-nationwide-shutdown-over-2-key-demands-5-day-work-week-pli-scheme-rollback-check-dates-here-11787536739137.html

Swine flu alert in Delhi: Scientists at the Indian Council of Medical Research (ICMR) said that the influenza strains currently circulating are well-matched to the vaccine strains recommended for the Northern Hemisphere.

https://www.livemint.com/news/india/swine-flu-h1n1-alert-delhi-know-all-about-influenza-vaccines-and-protection-against-11787549130526.html

Kaziah Liz Mejo from Kerala was crowned Miss Universe India 2026, securing the title against 53 contestants at the pageant finale in Jaipur on Sunday. She will now advance to represent India at the 75th Miss Universe pageant, scheduled to be held in Puerto Rico this November.

https://www.livemint.com/entertainment/who-is-kaziah-liz-mejo-19-year-old-law-student-crowned-miss-universe-india-2026-11787550917321.html

Tamil Nadu Chief Minister C. Joseph Vijay on Monday announced that the Parandur Greenfield Airport project, a second airport for Chennai, will be shelved after facing strong opposition from farmers unwilling to part with their farmland.

Read more: https://www.livemint.com/politics/news/parandur-greenfield-airport-scrapped-cm-vijay-to-look-for-different-location-for-chennais-2nd-airport-11787548278422.html

Chief Minister Vijay-led Tamil Nadu government has issued work orders for nearly 1.28 lakh gold rings, costing approximately ₹220 crore, to two jewellery retail chains under the Thaimaman Thanga Mothiram Thittam or the 'Maternal uncle gold ring scheme' for newborns, a pre-poll promise made by TVK.

Read more: https://livemint.com/news/india/how-much-cm-vijay-s-gold-ring-scheme-for-newborns-will-actually-cost-tamil-nadu-exchequer-tvk-dmk-gold-price-11787551969760.html

📉Market Closing | Benchmark indices closed lower on Monday, with Sensex slipping 170 points to 77,370.13 and Nifty slipping 32 points to 24,219.05, amid weak market sentiment.

Track all market updates here:
livemint.com/market

#MintLongStory | The pharmaceutical company rode one copycat drug to record profits. Now, co-chairman G.V. Prasad has to prove the company can grow without it. Biosimilars and innovation may hold the answer.

Read More: https://www.livemint.com/companies/news/dr-reddys-post-revlimid-strategy-biosimilars-11787557561217.html

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✍️ T. Surendar, Jessica Jani Reports

The Cockroach Janta Party has announced a peaceful protest march in Delhi on September 5, accusing the Centre of failing to honour commitments made on July 25 over FIRs against protesters, NEET-related compensation and exam reforms.

Read more: https://www.livemint.com/news/india/the-young-will-gather-again-cjp-to-march-from-india-gate-to-delhi-police-hq-on-sept-5-over-centres-betrayal-11787580192914.html