.
Gujarat govt hikes minimum wages for labourers by almost 25 per cent

Gujarat govt hikes minimum wages for labourers by almost 25 per cent

The Gujarat government on Monday announced in the state Assembly that minimum wages given to skilled, semi-skilled and unskilled labourers have been increased by nearly 25 per cent -- up to more than Rs 2,400 per month -- a hike coming after a gap of nine years. The announcement about the increase in minimum wages, [...]
PSUs asked to issue LoCs based on their financial strength

PSUs asked to issue LoCs based on their financial strength

The Finance Ministry has asked central public sector undertakings (CPSUs) to issue letters of comfort (LoCs) on the basis of their own financial strength so that no liability devolves on the Government of India. The Office Memorandum dated March 20, 2023, has been issued following a request from some CPSUs in the oil and power [...]
TN revenue deficit down by Rs 30,000 crore, says Finance Minister

TN revenue deficit down by Rs 30,000 crore, says Finance Minister

The Tamil Nadu government has reduced the annual revenue deficit by about Rs 30,000 crore in the revised estimates of the current year, from about Rs 62,000 crore inherited when the DMK assumed office nearly two years ago, Finance Minister Palanivel Thiaga Rajan said on Monday. Presenting a tax-free budget for 2023-24 in the Assembly, [...]
No direction on loading Rs 2,000 notes in ATMs: FM

No direction on loading Rs 2,000 notes in ATMs: FM

No instructions have been given to banks for filling or not filling Rs 2,000 notes in Automated Teller Machines (ATMs) as lenders make their own choice for loading of cash vending machines, Parliament was informed on Monday. As per Annual Reports of the Reserve Bank of India (RBI), the total value of Rs 500 and [...]