Public Sector Cuts
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eBay Could Be Considering Exiting NFT Sector, Reportedly Trims Web3 Team
eBay has reportedly slashed 30 percent of its Web3 team. After acquiring the NFT marketplace KnownOrigin in 2022, eBay had absorbed the team running this NFT marketplace. In the last eighteen months since the acquisition however, tensions between the eBay team and the KnownOrigin team reportedly rose – leading to the present-day situation.
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After Domestic LPG Price Reduction, Commercial LPG Prices Cut By Rs 158
In a major relief to LPG consumers, Public sector Oil Marketing Companies (OMCs) have slashed the price of 19 KG commercial LPG gas cylinders by Rs 158, according to the sources.
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Microsoft's Salaried Staff Won't Get Raise This Year, Reveals Leaked CEO Mail: Report
Microsoft will not raise salaries for full-time employees this year and is reducing budget for bonuses and stock awards, Insider reported on Wednesday, citing an internal email by CEO Satya Nadella. In January, Microsoft said it would let go of 10,000 workers, adding to the tens of thousands layoffs announced before that across the technology secto...
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Union Minister Prakash Javadekar Meets Auto Industry Heads, Takes Suggestions On Rebooting Industry
Minister of Heavy Industries and Public Enterprise Prakash Javadekar on Thursday held a meeting with the auto industry leaders where they suggested ways to restart the industry after the COVID-19 lockdown gets over.
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Telangana Announces Big Salary Cuts Amid Coronavirus Outbreak
The Telangana government decided to impose big salary cuts ranging from 10 per cent to 75 per cent for its executive, political representatives and employees, as the country completed six days of the three-week lockdown to slow the march of the coronavirus. There will be cuts for all Public Sector Undertakings, institutions that are receiving gover...
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Price Of Non-Subsided Cooking Gas Reduced By Rs 35 Per Cylinder
Prices of non-subsidised LPG, or cooking gas, have been reduced by Rs 35.50 per cylinder, and that of the subsidised one by a marginal Rs 1.74, according to state-run oil marketing companies, even as public sector Indraprastha Gas Ltd hiked the rates for piped and compressed natural gas (CNG) supply to cities in the national capital region.
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RBI Gets 'Mojo Back', Shows Independent Streak in Budget Risks Warning
While it kept its overall stance neutral, one of the six-member committee gave up his rate cut call while another voted for a 25 basis-point increase.
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Government Cuts Back Planned Funding For Crucial Public Health Scheme
Centre has approved a three-year budget for its flagship public health programme almost 20 percent lower than what the health ministry said was needed, according to sources and previously unreported government documents reviewed by news agency Reuters.
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Four Government-Run Banks Slash Lending Rates
Four public sector lenders, including Indian Bank and Vijaya Bank, today cut their benchmark lending rates by up to 0.45 per cent.
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State Bank of India Leads The Way With Rate Cuts, Congress, Trinamool Not Impressed
A day after Prime Minister Narendra Modi appealed to banks to make loans easily available to "the poor, lower middle class and the middle class," three public sector banks lowered their lending rates.
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Saudi Arabia Cuts Public Sector Bonuses, Ministers' Salaries
Saudi Arabia's government has decided to curb to some financial perks for public sector employees, according to a live broadcast of the cabinet's weekly meeting.
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Portuguese Parliament Passes Public Sector Wage Cut
The Portuguese parliament has passed new public sector wage cuts in a bid to meet its target of reducing the deficit.
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Major Public Sector Strike in Britain Over Pay and Cuts
A major public sector strike took place in Britain yesterday, with hundreds of thousands of workers rallying against the government's austerity-driven spending cuts and pay restraint measures.
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Britain Braces for One Million Strong Strike
Britain prepared for one million public sector workers to strike over salary freezes and spending cuts on Thursday, as the prime minister vowed to change the law to limit strikes.
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Greece approves tough salary, pension cuts
Greece's Parliament late on Tuesday approved new cuts in public sector pensions and government spending required to secure a second package of international rescue loans.
-
eBay Could Be Considering Exiting NFT Sector, Reportedly Trims Web3 Team
eBay has reportedly slashed 30 percent of its Web3 team. After acquiring the NFT marketplace KnownOrigin in 2022, eBay had absorbed the team running this NFT marketplace. In the last eighteen months since the acquisition however, tensions between the eBay team and the KnownOrigin team reportedly rose – leading to the present-day situation.
-
After Domestic LPG Price Reduction, Commercial LPG Prices Cut By Rs 158
In a major relief to LPG consumers, Public sector Oil Marketing Companies (OMCs) have slashed the price of 19 KG commercial LPG gas cylinders by Rs 158, according to the sources.
-
Microsoft's Salaried Staff Won't Get Raise This Year, Reveals Leaked CEO Mail: Report
Microsoft will not raise salaries for full-time employees this year and is reducing budget for bonuses and stock awards, Insider reported on Wednesday, citing an internal email by CEO Satya Nadella. In January, Microsoft said it would let go of 10,000 workers, adding to the tens of thousands layoffs announced before that across the technology secto...
-
Union Minister Prakash Javadekar Meets Auto Industry Heads, Takes Suggestions On Rebooting Industry
Minister of Heavy Industries and Public Enterprise Prakash Javadekar on Thursday held a meeting with the auto industry leaders where they suggested ways to restart the industry after the COVID-19 lockdown gets over.
-
Telangana Announces Big Salary Cuts Amid Coronavirus Outbreak
The Telangana government decided to impose big salary cuts ranging from 10 per cent to 75 per cent for its executive, political representatives and employees, as the country completed six days of the three-week lockdown to slow the march of the coronavirus. There will be cuts for all Public Sector Undertakings, institutions that are receiving gover...
-
Price Of Non-Subsided Cooking Gas Reduced By Rs 35 Per Cylinder
Prices of non-subsidised LPG, or cooking gas, have been reduced by Rs 35.50 per cylinder, and that of the subsidised one by a marginal Rs 1.74, according to state-run oil marketing companies, even as public sector Indraprastha Gas Ltd hiked the rates for piped and compressed natural gas (CNG) supply to cities in the national capital region.
-
RBI Gets 'Mojo Back', Shows Independent Streak in Budget Risks Warning
While it kept its overall stance neutral, one of the six-member committee gave up his rate cut call while another voted for a 25 basis-point increase.
-
Government Cuts Back Planned Funding For Crucial Public Health Scheme
Centre has approved a three-year budget for its flagship public health programme almost 20 percent lower than what the health ministry said was needed, according to sources and previously unreported government documents reviewed by news agency Reuters.
-
Four Government-Run Banks Slash Lending Rates
Four public sector lenders, including Indian Bank and Vijaya Bank, today cut their benchmark lending rates by up to 0.45 per cent.
-
State Bank of India Leads The Way With Rate Cuts, Congress, Trinamool Not Impressed
A day after Prime Minister Narendra Modi appealed to banks to make loans easily available to "the poor, lower middle class and the middle class," three public sector banks lowered their lending rates.
-
Saudi Arabia Cuts Public Sector Bonuses, Ministers' Salaries
Saudi Arabia's government has decided to curb to some financial perks for public sector employees, according to a live broadcast of the cabinet's weekly meeting.
-
Portuguese Parliament Passes Public Sector Wage Cut
The Portuguese parliament has passed new public sector wage cuts in a bid to meet its target of reducing the deficit.
-
Major Public Sector Strike in Britain Over Pay and Cuts
A major public sector strike took place in Britain yesterday, with hundreds of thousands of workers rallying against the government's austerity-driven spending cuts and pay restraint measures.
-
Britain Braces for One Million Strong Strike
Britain prepared for one million public sector workers to strike over salary freezes and spending cuts on Thursday, as the prime minister vowed to change the law to limit strikes.
-
Greece approves tough salary, pension cuts
Greece's Parliament late on Tuesday approved new cuts in public sector pensions and government spending required to secure a second package of international rescue loans.
