Tag Archives: Business News

Bank employees will get a 15% salary increase

MUMBAI: The Banking Association of India signed the XI bipartite wage agreement with a representative of the bank’s employees paving the way for a 15% salary increase. The agreement applies to public sector banks, some old generation private banks and some foreign banks. The IBA in a statement said that …

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Government Plans About $ 20 Billion Of New Stimulus: Report

NEW DELHI: India plans to announce a new round of stimulus totaling about $ 20 billion this week to help lift the economy out of its historic contraction, government officials said Wednesday. The package would follow Wednesday’s previous announcement of production-linked incentives worth around $ 27 billion over five years …

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