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K'taka to set up Construction Workers Welfare Board

Bangalore, May 1 (UNI) The Karnataka Government will soon set up a Construction Workers Welfare Board to protect the interests of the labour class, Labour Minister Iqbal Ansari announced today.

Speaking at a function organised to celebrate May Day at the office of the ruling Janata Dal (Secular) here, he said that one per cent cess would be collected from buildings valued above Rs 10 lakh and the amount would be transferred to the Board for taking care of the welfare of construction workers.

He said the government was contemplating introducing various programmes for the labourers in the unorganised sector.

Meanwhile members of the Garment and Textile workers Union formed a human chain here on the occasion demanding restriction of duty hours to eight hours, minimum wage of Rs 150 per day, issuance of appointment letter to all workers and harrassment free environment.

The Members of Karnataka Sexworkers Union took out a procession demanding repeal of Immoral Trafficking (Prevention) Act, fair and safe working condition, social security and old age pension.

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ICICI Bank Q4 FY 06 net profit up at Rs 789.93 crore

Mumbai, Apr 29 (UNI) ICICI Bank Ltd has posted a net profit of Rs 789.93 crore in Q4 FY 06 as against Rs 614.70 crore in Q4 FY 05, the company informed the BSE today. Its total income has increased from Rs 3,637.54 crore in Q4 FY 05 to Rs 5,591.71 crore in Q4 FY 06. For FY 06, the private sector banking major has posted a net profit of Rs 2,540.07 crore as against.....

SBI revises its PLR, domestic term deposits rate

Mumbai, Apr 29 (UNI) Premier public sector bank, State Bank of India (SBI) has revised upwards its benchmark prime lending rate (BPLR) to 10.75 per cent with effect from May 1, stated a release issued here today. SBI has also revised upwards its interest rates on domestic term deposits with effect from the same date. Accordingly, interest rates on short-term deposits of maturity between 46 days to 179 days and 180 days to less than.....

RBI announces 182-day treasury bills auction

Mumbai, Apr 29 (UNI) The Reserve Bank of India (RBI) has announced the auction of 182-day GoI treasury bills for a notified amount of Rs 1,500 crore of which Rs 500 crore will be under the regular auction calendar, while Rs 1,000 crore will be under the market stabilisation scheme (MSS), stated a release issued here today. The auction will be conducted on May 3, using the multiple price auction method. According to the release,.....
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