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8th Pay Commission: Railways to trim costs to accommodate higher wages; maintenance, procurement, energy sectors in focus

Railways is implementing focused cost-cutting initiatives across maintenance, procurement and energy sectors to fortify its financial position before dealing with increased wage expenses anticipated from the Eighth Pay Commission recommendations.Established in January 2024, the Eighth Pay Commission must submit its recommendations within an 18-month timeframe.The previous Seventh Pay Commission led to wage increases of 14-26%…

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Banking on carbon markets 2.0: why financial institutions should engage with carbon credits

The global carbon market is at an inflection point as discussions during the recent COP meeting in Brazil demonstrated.  After years of negotiations over carbon market rules under Article 6 of the Paris Agreement, countries are finally moving on to the implementation phase, with more than 30 countries already developing Article 6 strategies. At the same…

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