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Wage Revision: FM wants “Performance Linked Future Wage Revision’ for PSU GI industry before clearing its pending new salaries

Wage Revision: FM wants “Performance Linked Future Wage Revision’ for PSU GI industry before clearing its pending new salaries

by AIP Online Bureau | Oct 7, 2022 | Indian News, Non-Life, Policy

Nirmala Sithraman,Union finance minister The unions had  asked the DFS and GIPSA to clear the pending Wage Revision at par with Life Insurance Corporation (LIC) without any condition or linking it with future “Performance Linked Wage Revision’’ before...
IDBI Bank privatisation: Govt,LIC together to sell 60.72% stake in bank, invite bids

IDBI Bank privatisation: Govt,LIC together to sell 60.72% stake in bank, invite bids

by AIP Online Bureau | Oct 7, 2022 | Eco/Invest/Demography, Indian News, Policy

“Expression of Interest is invited for Strategic Disinvestment of specified GoI and LIC stakes in IDBI Bank along with transfer of management control. Details are at https://dipam.gov.in,” tweeted Secretary Dipam New Delhi: The government on Friday invited...
RBI announces digital rupee. E-Rupee to launch soon on pilot basis

RBI announces digital rupee. E-Rupee to launch soon on pilot basis

by AIP Online Bureau | Oct 7, 2022 | Banking & Bancassurance, Indian News, Regulation, Technology

The concept note also discusses key considerations such as technology and design choices, possible uses of the digital rupee, and issuance mechanisms, among others Mumbai: The Reserve Bank on Friday said it will soon commence the pilot launch of e-rupee for specific...
Munich Re not to invest in or insure new oil and gas fields from April 2023

Munich Re not to invest in or insure new oil and gas fields from April 2023

by AIP Online Bureau | Oct 7, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Risk Management

Furthermore, in its own listed equities and corporates portfolio, as of 1 April 2023, Munich Re will cease to conduct new direct investments in pure-play Oil & Gas companies As of 1 January 2025, Munich Re will require a credible commitment to net-zero greenhouse...

Govt notifies credit guarantee scheme for startups

by AIP Online Bureau | Oct 7, 2022 | Eco/Invest/Demography, Indian News, Policy, Technology

”Maximum guarantee cover per borrower shall not exceed Rs 10 crore. The credit facility being covered here should not have been covered under any other guarantee scheme,” the Department said New Delhi: The government has notified the credit guarantee scheme for...
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