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The Latest Breaking News from REC

Punjab discoms to get loan to clear dues, late fee to be rescheduled

PATIALA: In reference to electricity rules 2022, the discoms can now get loans facility for clearance of outstanding and current dues as REC, a public infrastructure finance company, has formulated a policy for this purpose. Further, for clearance of current dues of supplies, a revolving bill credit facility is also…

The Times of India

Britain’s energy price cap heading for £3,300; US jobs report eases recession worries – as it happened

Cornwall Insight predicts UK energy cap will rise to £3,363 a year in January, as US economy shakes off recession worries by adding more jobs last month

The Guardian - UK

UK’s biggest recruiters warn ministers not to hire agency staff to replace strikers

Letter from 13 major firms to government says ‘unhelpful’ move to repeal decades-long ban will only further inflame strikes

The Guardian - UK

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Last-ditch talks fail to resolve rail row with strikes to go ahead

Thousands of members of the Rail, Maritime and Transport union at Network Rail and 13 train operators will walk out on Tuesday, Thursday and Saturday.

The Independent UK

Cardiff City recruit Watford and Bath Rugby coaches as Steve Morison rings changes off the pitch

The Bluebirds have made wholesale changes to their playing squad, however the backroom staff now also has a whole new look

Wales Online

Tory plan to break rail strikes by using agency staff branded dangerous 'arson'

Tory ministers are drawing up plans to hire agency workers to fill the gaps left by striking railway workers. But it's prompted a backlash from unions, Labour - and even recruitment agencies

Daily Mirror

UK employers take on workers at slower rate after fall in applicants

Shortage of candidates since January means thousands of vacancies unfilled

The Guardian - UK

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Shortage of job seekers stokes London recruitment crisis

KPMG and REC report only shows glimmer of hope for hiring businesses as wage demands sharpen

Evening Standard

Companies offering higher starting salaries in bid to attract more staff

Businesses across the UK are struggling to recruit workers into temporary and permanent jobs, a new report has found

Birmingham Post

Number of job adverts continues to rise

There have been notable increases in job adverts for accountants, financial managers and directors

Wales Online

Recruitment headache goes on as labour market shrinks in South West

Claimant count falls in Plymouth, Exeter and across the region and with firms finding candidate shortages makes it hard to fill jobs

Birmingham Post

REC, PFC resume YTPS loan releases after two-month gap

TS-Genco has so far availed about ₹12K cr. out of ₹22K cr. loan for YTPS

The Hindu

London starting salaries rising at fastest rate on record

London starting salaries are rising at their fastest rate on record in the latest signal that the capital’s economy is roaring back to life.

Evening Standard

Pay rising to attract new recruits, study suggests

Meanwhile, new research suggests most workers believe their pay will not keep up with the cost of living this year

Wales Online

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The Times of India

Power Finance Corp, REC reduce lending rates by 40 bps

NEW DELHI: State-run non-banking financial firms -- Power Finance Corporation (PFC) and REC Ltd -- have reduced their lending rates across all types of loans by 40 basis points. PFC and REC Ltd have further reduced their lending rates across all types of loans by 40 Bps, a power ministry…

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