Even as the government announced schemes to boost employment and assistance to some states in Union Budget 2024-25, it reiterated its intent to stick to the fiscal consolidation roadmap and announced a lower fiscal deficit target. In what could be a signal to rating agencies, the government cut the fiscal deficit target to 4.9 per cent of the Gross Domestic Product (GDP) for financial year 2024-25 from 5.1 per cent in the interim Budget, while underlining that the central government debt will be on a declining path as a percentage…
Tag: lowers
Air India offers cash incentives, lowers eligibility age to encourage employees to retire voluntarily
[ad_1] In a bid to encourage a significant section of its employees to retire voluntarily, Air India on Wednesday lowered the eligibility age from 55 to 40 and announced a cash incentive. After successfully winning the bid for the airline on October 8 last year, the Tata group took over control of Air India on January 27.Since April, the airline’s chairman N Chandrasekaran has replaced the airline’s top management, bringing in senior and mid-level executives who have worked in other Tata group companies such as Tata Steel and expand. In…