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Top headlines: Govt staff to get more pay, Tata chases e-commerce deals

From Tata eyeing stake in e-commerce firms to bolster retail segment to World Bank declaring Covid as a catastrophe, Business Standard Brings you top news of the evening

Tata Group
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Mumbai-based Tata Group, which owns Jaguar Land Rover and tea maker Tetley, is scouting for local e-commerce assets at a time when the race for Indian online shoppers is heating up.

BS Web Team New Delhi
New inflation index to impact DA, 30 mn govt staff to get more pay

The Union government is set to change the base year for the consumer price index–industrial workers (CPI-IW), paving the way for a possible increase in minimum wage of private sector workers and dearness allowance of government employees. Union Labour and Employment Minister Santosh Kumar Gangwar is scheduled to release the new CPI-IW index, keeping 2016 as the base year, on October 21, a top labour ministry official said. The CPI-IW hasn’t been revised since 2001 — an exercise which should usually take place every five years.

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