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 …
Read More »GDP will contract 8.6% in the second quarter; India has entered recession for the first time: RBI official
MUMBAI: Gross domestic product (GDP) is likely to contract by 8.6% for the July-September period, which means that India will enter a recession for the first time in history in the first half of this fiscal year with two successive quarters of negative growth due to the Covid-19 pandemic, according …
Read More »India Plans About $ 20 Billion Of New Stimulus To Boost Economy: Report
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 for manufacturers …
Read More »India moves from fiscal terrorism to fiscal transparency: Prime Minister Modi
NEW DELHI: Prime Minister Narendra Modi said on Wednesday that the country is moving towards fiscal transparency as a result of reforms such as faceless appeals and the dispute resolution mechanism introduced by the government. Opening the residential and office complex of the Cuttack Bank of the Income Tax Appeals …
Read More »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 …
Read More »Retired PSU bankers can get a rank, a pension plan
MUMBAI: One rank, one pension (OROP) is in the process for retirees Power supply bank employees. RFMO It was a long-standing lawsuit by veterans of the armed forces, where the pension would be reworked for all who would retire in the same rank You will receive the same pension, regardless …
Read More »Trying to solve the problem delaying the extradition of Vijay Mallya to India: UK
NEW DELHI: Vijay mallya He can only be extradited to India once an “additional legal problem” is resolved in the UK, the acting British High Commissioner said on Tuesday. In briefing the media, Jan Thompson said that while it was not possible to prove a precise timeframe on extradition, the …
Read More »sensex today: Sensex hits 43,000 mark for the first time; Nifty about 12,600
NEW DELHI: Tuesday’s equity indices climbed to new heights Tuesday as global investors applauded progress in developing a coronavirus vaccine that boosted confidence for a faster global economic recovery. The indices also traded higher along with their global peers in hopes of improving trade relations and more fiscal stimulus under …
Read More »Google is back under the lens of CCI; Regulator orders investigate payment system, Google Pay
NEW DELHI: The Competition Commission of India (CCI) ordered a detailed investigation against the Internet giant on Monday Google for alleged unfair commercial practices with respect to Google payment as much as Google playpayment system. Google Pay is a popular digital payments platform, while Google Play is the app store …
Read More »Joe Biden’s business plan and what it means for India | India Business News
you may face a bottleneck in the Senate and House. The new administration is likely to encounter obstacles in pushing forward some of its policies. Biden may have to persist with some of outgoing President Donald Trump’s policies. However, some positive impact on In India. This is how it can …
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