Public Sector Cuts
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eBay Could Be Considering Exiting NFT Sector, Reportedly Trims Web3 Team
eBay has reportedly slashed 30 percent of its Web3 team. After acquiring the NFT marketplace KnownOrigin in 2022, eBay had absorbed the team running this NFT marketplace. In the last eighteen months since the acquisition however, tensions between the eBay team and the KnownOrigin team reportedly rose – leading to the present-day situation.
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After Domestic LPG Price Reduction, Commercial LPG Prices Cut By Rs 158
In a major relief to LPG consumers, Public sector Oil Marketing Companies (OMCs) have slashed the price of 19 KG commercial LPG gas cylinders by Rs 158, according to the sources.
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Microsoft's Salaried Staff Won't Get Raise This Year, Reveals Leaked CEO Mail: Report
Microsoft will not raise salaries for full-time employees this year and is reducing budget for bonuses and stock awards, Insider reported on Wednesday, citing an internal email by CEO Satya Nadella. In January, Microsoft said it would let go of 10,000 workers, adding to the tens of thousands layoffs announced before that across the technology secto...
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Bill To Reduce Government Holding In PSBs To Come In Winter Session
Government will cut down its stake holding in public sector banks from 51 per cent to 26 per cent, a move which will help bring in public investments
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Union Minister Prakash Javadekar Meets Auto Industry Heads, Takes Suggestions On Rebooting Industry
Minister of Heavy Industries and Public Enterprise Prakash Javadekar on Thursday held a meeting with the auto industry leaders where they suggested ways to restart the industry after the COVID-19 lockdown gets over.
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Telangana Announces Big Salary Cuts Amid Coronavirus Outbreak
The Telangana government decided to impose big salary cuts ranging from 10 per cent to 75 per cent for its executive, political representatives and employees, as the country completed six days of the three-week lockdown to slow the march of the coronavirus. There will be cuts for all Public Sector Undertakings, institutions that are receiving gover...
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Government Withdraws Enhanced Surcharge On Foreign Investors: 10 Things To Know
Finance Minister Nirmala Sitharaman on Friday announced a slew of measures, including the rollback of big ticket budget announcements, to revive the economy, which clocked its lowest rate of growth in nearly five years in the March quarter and is struggling with lakhs of job cuts across sectors. The Finance Minister said the government would withdr...
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Removal Of Corporate Social Spending Can Help Revive Growth: Bibek Debroy
Bibek Debroy said that steps such as a three-rate Goods and Services Tax (GST) structure and removal of corporate social responsibility spending could be among the options to revive the economy.
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Price Of Non-Subsided Cooking Gas Reduced By Rs 35 Per Cylinder
Prices of non-subsidised LPG, or cooking gas, have been reduced by Rs 35.50 per cylinder, and that of the subsidised one by a marginal Rs 1.74, according to state-run oil marketing companies, even as public sector Indraprastha Gas Ltd hiked the rates for piped and compressed natural gas (CNG) supply to cities in the national capital region.
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RBI Gets 'Mojo Back', Shows Independent Streak in Budget Risks Warning
While it kept its overall stance neutral, one of the six-member committee gave up his rate cut call while another voted for a 25 basis-point increase.
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Government Cuts Back Planned Funding For Crucial Public Health Scheme
Centre has approved a three-year budget for its flagship public health programme almost 20 percent lower than what the health ministry said was needed, according to sources and previously unreported government documents reviewed by news agency Reuters.
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Four Government-Run Banks Slash Lending Rates
Four public sector lenders, including Indian Bank and Vijaya Bank, today cut their benchmark lending rates by up to 0.45 per cent.
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ICRA Expects Borrowers To Switch From Base Rate To MCLR
Deposits have surged and credit growth has declined post demonetisation. To spur credit demand, banks have undertaken steep cuts in their MCLR in January 2017.
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Syndicate Bank Cuts Lending Rate
The public sector bank has reduced marginal cost of funds-based lending rate (MCLR) by 0.7 per cent to 8.75 per cent for 1 year tenor, Syndicate Bank said in a filing on stock exchanges.
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Dena Bank Cuts Lending Rate
Dena Bank has reduced its marginal cost of funds-based lending rate (MCLR) by 0.75 per cent to 8.55 per cent for one-year tenor, the public sector lender said in a statement.
-
eBay Could Be Considering Exiting NFT Sector, Reportedly Trims Web3 Team
eBay has reportedly slashed 30 percent of its Web3 team. After acquiring the NFT marketplace KnownOrigin in 2022, eBay had absorbed the team running this NFT marketplace. In the last eighteen months since the acquisition however, tensions between the eBay team and the KnownOrigin team reportedly rose – leading to the present-day situation.
-
After Domestic LPG Price Reduction, Commercial LPG Prices Cut By Rs 158
In a major relief to LPG consumers, Public sector Oil Marketing Companies (OMCs) have slashed the price of 19 KG commercial LPG gas cylinders by Rs 158, according to the sources.
-
Microsoft's Salaried Staff Won't Get Raise This Year, Reveals Leaked CEO Mail: Report
Microsoft will not raise salaries for full-time employees this year and is reducing budget for bonuses and stock awards, Insider reported on Wednesday, citing an internal email by CEO Satya Nadella. In January, Microsoft said it would let go of 10,000 workers, adding to the tens of thousands layoffs announced before that across the technology secto...
-
Bill To Reduce Government Holding In PSBs To Come In Winter Session
Government will cut down its stake holding in public sector banks from 51 per cent to 26 per cent, a move which will help bring in public investments
-
Union Minister Prakash Javadekar Meets Auto Industry Heads, Takes Suggestions On Rebooting Industry
Minister of Heavy Industries and Public Enterprise Prakash Javadekar on Thursday held a meeting with the auto industry leaders where they suggested ways to restart the industry after the COVID-19 lockdown gets over.
-
Telangana Announces Big Salary Cuts Amid Coronavirus Outbreak
The Telangana government decided to impose big salary cuts ranging from 10 per cent to 75 per cent for its executive, political representatives and employees, as the country completed six days of the three-week lockdown to slow the march of the coronavirus. There will be cuts for all Public Sector Undertakings, institutions that are receiving gover...
-
Government Withdraws Enhanced Surcharge On Foreign Investors: 10 Things To Know
Finance Minister Nirmala Sitharaman on Friday announced a slew of measures, including the rollback of big ticket budget announcements, to revive the economy, which clocked its lowest rate of growth in nearly five years in the March quarter and is struggling with lakhs of job cuts across sectors. The Finance Minister said the government would withdr...
-
Removal Of Corporate Social Spending Can Help Revive Growth: Bibek Debroy
Bibek Debroy said that steps such as a three-rate Goods and Services Tax (GST) structure and removal of corporate social responsibility spending could be among the options to revive the economy.
-
Price Of Non-Subsided Cooking Gas Reduced By Rs 35 Per Cylinder
Prices of non-subsidised LPG, or cooking gas, have been reduced by Rs 35.50 per cylinder, and that of the subsidised one by a marginal Rs 1.74, according to state-run oil marketing companies, even as public sector Indraprastha Gas Ltd hiked the rates for piped and compressed natural gas (CNG) supply to cities in the national capital region.
-
RBI Gets 'Mojo Back', Shows Independent Streak in Budget Risks Warning
While it kept its overall stance neutral, one of the six-member committee gave up his rate cut call while another voted for a 25 basis-point increase.
-
Government Cuts Back Planned Funding For Crucial Public Health Scheme
Centre has approved a three-year budget for its flagship public health programme almost 20 percent lower than what the health ministry said was needed, according to sources and previously unreported government documents reviewed by news agency Reuters.
-
Four Government-Run Banks Slash Lending Rates
Four public sector lenders, including Indian Bank and Vijaya Bank, today cut their benchmark lending rates by up to 0.45 per cent.
-
ICRA Expects Borrowers To Switch From Base Rate To MCLR
Deposits have surged and credit growth has declined post demonetisation. To spur credit demand, banks have undertaken steep cuts in their MCLR in January 2017.
-
Syndicate Bank Cuts Lending Rate
The public sector bank has reduced marginal cost of funds-based lending rate (MCLR) by 0.7 per cent to 8.75 per cent for 1 year tenor, Syndicate Bank said in a filing on stock exchanges.
-
Dena Bank Cuts Lending Rate
Dena Bank has reduced its marginal cost of funds-based lending rate (MCLR) by 0.75 per cent to 8.55 per cent for one-year tenor, the public sector lender said in a statement.
