The year-on-year rate of increase in hourly scheduled cash earnings of part-time employees, which are responsive to supply-demand conditions in the labor market, recently registered relatively high growth of around 2.5 percent.
BIS central bankers’ speeches  3  Licensing of new UCBs: setting up of expert committee (Malegam Committee) An Expert Committee on licensing of new Urban Co-operative Banks (Malegam Committee) was constituted in December 2010 by the Reserve Bank with a view to increasing the coverage of banking services amongst local communities and for studying the advisability of granting new urban co-operative banking licenses.