PSU Bank stocks decline after govt denies any proposal to raise FDI limit in PSU banks| Business News

The government is not considering a proposal to increase the FDI limit for PSU banks, MoS Finance Pankaj Chaudhary said in the Parliament on Tuesday. The government’s number of shares in India’s 12 public sector banks has not declined since 2020, but the percentage stake may have reduced due to fundraising moves, MoS Finance Pankaj […]

India’s new labour codes may decrease your take-home salary, but raise benefits| Business News

India’s new labour codes—which restructures 29 existing labour laws into four labour codes—has wide-ranging ramifications of what you earn today and save for the future. The most significant component impacting employees’ salaries is the Code on Wages, 2019, which introduces a uniform and expanded definition of “wages”. (AI Image) The four new labour codes are: […]