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India
KFA employees to move SC to recover salary dues
"We have not examined the issue so far.I will look into that.We will examine (all the issues)," he said.
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India
Government plans to ease fund-raising by startups
The government is looking at a host of measures to ease fund-raising by startups as it plans to make the ecosystem more attractive for them. Sources said that the finance ministry is holding consultations with other agencies about rules related to wholly owned subsidiaries.
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India
New-age IT skills can double your pay
If you have some of the new-age tech skills, not only are you likely to be hired much faster, you could also earn far better salaries, according to data from Simplilearn, an online education provider of professional certification training.
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India
Forget grounding defaulters, DRTs ill-equipped for recovery
Banks have claimed that liquor baron Vijay Mallya got away despite their plea to the Debt Recovery Tribunal (DRT) to attach the defaulter's passport. Experts say that these tribunals, which were set up to expedite loan recovery, are proving inadequate.
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India
Rs 6k cr to Rs 9k cr: KFA dues grew 50% in 5 years as assets turned into scrap
The total debt was reduced to Rs 6,007 crore after banks converted Rs 1,400 crore of debt into equity by subscribing to shares at a 60% premium in April 2011.
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India
Jewellers' strike: Minister assures to talk to PM
Gujarat MP and Union minister Mohan Kundariya said he will take up with Prime Minister Narendra Modi the excise duty issue in an effort to resolve the strike by the jewellers who are protesting since the last ten days the proposed 1 per cent excise duty on gold and diamond.
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India
India-led Asian economies to be major growth driver, IMF chief Christine Lagarde says
International Monetary Fund chief Christine Lagarde on Sunday said Asian economies led by India will be a major growth driver in the years to come. She added that better representation of large emerging nations in the multilateral institution has transformed it from "my IMF" to "our IMF".
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India
Asian economies led by India to be major growth driver, IMF chief Christine Lagarde says
International Monetary Fund chief Christine Lagarde on Sunday said Asian economies led by India will be a major growth driver in the years to come and better representation of large emerging nations in the multilateral institution has transformed it from "my IMF" to "our IMF".
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India
Kingfisher Airlines' PF contributions to be investigation, says Centre
Labour ministry will soon launch an investigation into the provident fund contributions made by Kingfisher Airlines for its employees, Union minister Bandaru Dattatreya said. An open letter written by women employees of KFA alleged that the company did not pay salaries, but kept depositing PF.
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Giappone
BOJ to debate exempting $90 billion in short-term funds from negative rates
The Bank of Japan’s policy board is set to discuss this week whether to exempt $90 billion in short-term funds from its newly imposed negative interest rate, people familiar with the matter said, after the securities industry warned that investment money would be driven into bank deposits. Some in the ...