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No tax exemption on concessional or interest free loan from the employer, not even for bank employees, says SC

GIFT City bankers may follow global schedule, enjoy five-day work week

The working group said in its recommendations that a five-day work week will align with practices adopted in international financial centres and offshore units of Indian banks. "The government wants to position GIFT City as a major financial hub. All these steps are very important benchmarks for an aspiring international financial centre like GIFT IFSC," said another official.

Bank unions, IBA agree to five-day work week; proposal will need government nod

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