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Pay increases signal red for Indian Railways

Pay increases signal red for Indian Railways

The Seventh Pay Commission’s recommendations will be an “unbearable burden” on Indian Railways’ finances and may have an impact of up to Rs 32,000 crore annually, Railways Minister, Suresh Prabhu, said. “The Pay Commission reports will have a significant impact ...

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Wall Street ends flat as hope for ECB move increases

US stocks closed little changed on Tuesday after the International Monetary Fund reduced its growth forecasts for 2015 and 2016, increasing speculation central banks would take more aggressive policy moves to spark economic improvement. The lower forecasts implied less demand ...

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