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The Indian government may soon introduce a social security plan for gig and platform workers, with the labour ministry developing a customised policy. The scheme aims to ensure fairness without cross-subsidization, potentially starting next financial year, and will establish both mandatory and voluntary benefits tied to work thresholds.
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News and Media
Perplexity AI has presented a new proposal to TikToks parent company that would allow the U.S. government to own up to 50% of a new entity that merges Perplexity with TikToks U.S. business, according to a person familiar with the matter.
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The RBI faces challenges providing liquidity amidst India's banking system issues, as traditional OMOs have limited impact due to regulatory and structural constraints. Reforms in CRR and LCR requirements could inject direct liquidity, while innovative measures like long-term repo operations and dynamic LCR adjustments might support broader credit growth and equitable economic growth.
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News and Media
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