At least 77 of the over 300 members of the House of Representatives have authored the proposed legislated P150 daily minimum wage hike for private sector workers, Cavite lawmaker Jolo Revilla said Wednesday.
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The country s largest bank reported a net profit of ₹9,164 crore for the third quarter against ₹14,205 crore a year earlier. It made provisions of ₹13,413 crore to deal with impending pension and wage hikes. "The provisions are one-time items," SBI chairman Dinesh Khara said. "We had to correct anomalies in our pension and dearness allowances after a ruling in a court case, which was going on since 2022.," he said.