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South Africa: Public Sector Strike Likely to Get Bigger
THE public sector strike is expected to gain momentum today after more than 9000 Public Servants Association (PSA) members downed tools across the country yesterday.

Rs.4,868 crore compensation to public sector banks
The government Friday approved compensation of Rs.4,868 crore to public sector banks for providing loans to farmers at lower interest rates.

Cabinet approves release of interest subvention to Public Sector Banks
The Union Cabinet on Friday gave its approval for the release of funds to the tune of over 4,868 crore rupees as interest subvention to Public Sector, Regional Rural and Cooperative banks to ensure short term crop loans to farmers.

National Textiles Corp sells Worli mill land for Rs.474 crore
The first ever e-auction conducted by Indian public sector undertakings (PSUs) ended Saturday with the National Textiles Corporation (NTC) selling a closed mill at Worli in Mumbai for Rs.474 crore. The winning bidder was Indiabulls Infratech Limited.

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The Chairman of the General Investment Authority (GIA), Salah al-Attar, revealed that the new draft law for investments includes more incentives and privileges for investors as well as customs exemptions, a reduction in income taxes imposed on companies from 35 percent to 15 percent 20 percent and the modification of the General Investment Authority GIAs Board of Directors, to consist of 60 ...