Sahakar Bharati may seek tweaks in PMC Bank's draft merger scheme

Five-year interest holiday and final settlement at end of 10 years unfair to depositors

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New Wage Rate Index series released; base year revised to 2016 from 1963-65

Ministry of Labour on Wednesday released a new series of Wage Rate Index (WRI) with base year 2016, being compiled and maintained by the Labour Bureau, an attached office of the ministry. The new series of WRI with base 2016=100 will replace the old series with base 1963-65, a labour ministry statement said. The government periodically revises the base year for major economic indicators to reflect the changes in the economy and to capture the wage pattern of workers, it said. Thus, as per the recommendations of International Labour Organization, National Statistical Commission etc, the base year of WRI numbers has been revised from 1963-65 to 2016 by the Labour Bureau to enhance the coverage and to make index more representative. The new series of WRI has increased the scope and coverage in terms of number of industries, sample size, occupations under selected industries, weightage of industries etc. Professor S P Mukherjee and other members of the expert group on Minimum Wages &

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CoinSwitch Kuber CEO says crypto ban unlikely as $6-bn assets held in India

Says regulation could happen in phases. Crypto could first classified as an asset, then taxed, and then brought under an appropriate regulatory authority

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Tighter rules likely for social media firms, may supersede IT laws: Experts

Players stand to lose safe harbour provisions that protect them from third party content; platforms that do not act as intermediaries may be treated as publishers, held accountable for hosted content

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India's crude oil import bill set to breach FY21 tally, say experts

Import bill likely to be a three-year high

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Shimla, Coimbatore, Chandigarh top Niti Aayog's first SDG Urban India Index

The statement said the index highlights the strengths and gaps of ULB-level data, monitoring, and reporting systems

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Pak's central bank chief warns of taper tantrum-style shock to Ems

Reza Baqir urges advanced economies to act to stem rising global inflation

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Bill to ban private cryptocurrencies to come up in Winter Session

The cryptocurrency bill is listed at a time when the level of interest in the subject is very high

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