News digest: PNB scam, contract jobs, salary hike, GST collection, and more

Those expecting double-digit salary hikes in their annual appraisals are likely to be disappointed as Aon

Check NPAs above Rs 500 mn for possible fraud, alert CBI: Govt tells banks

Jolted by the Punjab National Bank fraud, the finance ministry on Tuesday directed managing directors of public sector banks to examine non-performing asset (NPA) accounts of more than Rs 500 million for possible fraud and report any cases of wilful default to the Central Bureau of Investigation (CBI). 

The ministry also set a 15-day deadline for PSBs to put in place an effective system to address rising operational and technological risks. These directions are part of the reforms that the government had packaged with the recapitalisation plan for