WEF 2020
DA hiked by 3% to 63%: Know the impact of hike on salaries of Level 1-10 central government employees
DA hike news: In a significant update for central government employees, a 63% dearness allowance will be implemented for the period of July to December 2026. This marks a 3% rise in the current allowance, providing enhanced financial assistance. Level 1 employees can expect an increase of Rs 540 in their monthly salary.
Global cooperation declining after resilience through 2012-2020: WEF study
"The barometer indicates that global cooperation was resilient in multiple dimensions from 2012 until 2020 but overall cooperation declined by 2 per cent from 2020 to 2022," the WEF said in the report released days before its annual meeting of world leaders in the Swiss ski resort town Davos.
Modi, Xi Jinping among world leaders to participate in virtual Davos summit
The WEF's Davos 2020 summit was the last major global event that took place before almost the entire world got locked down due to the COVID-19 pandemic.
WEF to host online Davos Agenda meet in January; world leaders to speak on way ahead
While the WEF's Davos 2020 summit was the last major global event that took place before almost the entire world got locked down due to the COVID-19 pandemic, the next annual meeting has been shifted to May 2021 and is scheduled to be held in Lucerne-Burgenstock, Switzerland.
SBI's new FD rates come into effect. Check the rates here
As per the latest interest rate updated on SBI website, FDs between 7 days to 45 days will now fetch 3.3%. FDs between 46 days to 179 days will give 4.3%. And, FD with maturity between one year and up to three years will give 5.5%.
IndiGo closes bookings till May 31
All other private airlines are also set to abide by the order and with that flights operations within the country are likely to be suspended till the end of May, unless the government decides to allow it.
DGCA bars airlines from booking tickets beyond May 3, 2020
After the government extended the lockdown period by three weeks till May 3, 2020, airlines had started booking tickets beyond that day assuming flight operations will resume once the lockdown is lifted.
State Bank of India reduces FD rates. Here are the latest ones
According to the newly effective interest rate, FD having tenor of 7 to 45 days will earn 4 per cent instead of 4.50 per cent earlier.
SBI cuts MCLR by 5 bps across all tenors, reduces fixed deposit rates
After the cut, the one-year MCLR comes down to 7.85 percent per annum from 7.90 percent per annum. According to SBI’s press release, this is the bank’s ninth consecutive MCLR cut during the current financial year 2019-20.
Tata Steel Kalinganagar honoured at World Economic Forum 2020
Tata Steel's CEO & MD T V Narendran accepted the award for the company's recent admittance into the Global Lighthouse Network. In July 2019, Tata Steel Kalinganagar became the first and only Indian manufacturing plant to be included in the WEF's Lighthouse Network, when 10 new factories, including TSK, were added to the Global Lighthouse Network.
India ranked 80th in Corruption Perception Index
The CPI, released at the WEF 2020 here, ranks 180 countries and territories by their perceived levels of public sector corruption, according to experts and business people.
It will require a very credible challenger to displace dollar's dominance: IMF chief economist Gita Gopinath
She said euro has been around for a long time but it has not reached the level yet that it was initially expected to achieve, while China has also been trying to internationalise its currency for long without much success. Speaking here at a WEF 2020 session on dollar's dominance, Gopinath said historically one currency has always dominated the global trade.
Muslims in India safer than most other places in world: Goyal
"When we take electricity to every home we do not ask them their colour or their religion, when we take toilets, digital tech, bank accounts, cooking gas to every home we do not ask their religion. All our programmes are equal for all," the minister said.
137 countries on board for OECD digital tax plan: Angela Gurria
OECD chief Angela Gurria on Thursday said the international body's plan to help solve digital tax problems has got support of 137 countries and new rules must be put in place to stop evasion worth hundreds of billions of dollars.
WEF 2020: CEOs welcome pay alignment with environmental, social and governance criteria
With stakeholder capitalism gaining traction, the push to closely align executive pay to a company's performance on environmental, social and governance (ESG)-related criteria is gaining ground.
Punjab Delegation holds strategic talks with business leaders at Davos
The delegation also comprises of Advisor Invest Punjab, Mr. B.S. Kohli and CEO Invest Punjab, Mr. Rajat Agarwal.
Hopeful all countries will come together on AI regulations: Sundar Pichai
"Internet is actually an export product. Even in India, if we talk about YouTube, a video created by an Indian gets audience from across the world. That's the beauty of digital economy" he said. Pichai, also CEO of Alphabet, said he has always been a technology optimist, having experienced firsthand the benefits new technology brought to his own life.
SBI cuts long-term FD interest rates by 15 bps
The bank has cut rates on long-term fixed deposits maturing in 1 year to 10 years. According to the bank's website, FDs with tenures of more than one year will now fetch 6.1 per cent, down from 6.25 per cent earlier.
Union ministers, CMs to join over 100 CEOs at WEF's 50th Annual Meeting in Davos
Among the global leaders, US President Donald Trump and his Russian counterpart Vladimir Putin are also expected to attend the high-profile summit, where over 3,000 global leaders would converge to discuss what requires to make it a 'cohesive and sustainable world.'
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