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Good news for govt staff, salaries to rise
The Sixth Pay Commission is likely to significantly raise basic salaries for an estimated 4.5 million central government employees. The recommendations are expected to be submitted in January, a few months ahead of schedule, and the award is likely to come into effect from January 2006.
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What are P-Notes?
So what are these participatory notes? And why do they have this huge impact on the Indian securities markets? Read on
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Sebi clamps down on participatory notes
The move is aimed at arresting the surge in foreign inflows through PNs, which are offshore derivative instruments that allow foreign investors to invest indirectly in a country's stock market (see table), which has seen the benchmark BSE Sensex zoom more than 5,000 points in two months.
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