Monday, November 25
Banking in India may shift to a Monday to Friday schedule, closing on Saturdays and Sundays. This decision is subject to government approval. The new work hours may extend from 9:45 AM to 5:30 PM, with a 17% annual salary increase for bank employees.
The Supreme Court is set to hear application filed by State Bank of India (SBI) on Monday, seeking extension till June 30 to disclose details of each electoral bond encashed by political parties before the scheme was scrapped last month. A five-judge Constitution bench, led by Chief Justice DY Chandrachud, will hear the petitions on Monday.
Walt Disney CEO Bob Iger has stated that the joint venture with Reliance Industries will benefit the company by increasing profits and reducing risk in the Indian market. The merger will create a large entity and help Disney stay in the market at a significant level. The combined entity will have the largest OTT subscriber base.
China acknowledges the need to boost employment and stabilize the property market. Youth unemployment reaches an unprecedented 21.3%. Major property developers struggle amid falling home prices. Efforts to reduce interest rates are made. Beijing sets an ambitious growth target of around five percent for 2024.
Amid an ongoing diplomatic row, the number of Indian tourists visiting the Maldives has dropped by 33 per cent as compared to last year, Maldivian website Adhadhu reported, citing data from the Maldives Tourism Ministry. India was the top tourist market for the Maldives, with over 200,000 tourists per year from 2021 to 2023.
Small Savings Scheme Interest Rates April-June 2024: The government has announced the interest rates for small savings schemes for the April-June 2024 quarter.
