Top 10 biz headlines: AI to raise Rs 22,000 cr, e-commerce policy, and more

From e-commerce policy to Air India revival plan, Business Standard brings to you stories that made the headlines on Sunday

State-run banks may get flexibility in deciding employees' salaries
 

The 11th bipartite wage settlement talks between the Indian Banks’ Association (IBA) and state-run banks have included a new formula under which the latter will be given the flexibility to pay their employees in accordance with their profitability and capacity to absorb higher wage costs. This proposal featured in the talks between bank unions and bank managements, which resumed on June 21 under the aegis of the IBA, after a three-month break for the Lok Sabha polls. READ ON...

Finance Ministry to monitor rate cut transmission by public sector banks