SC stays HC order sacking Bengal govt teachers, staff

In a major relief to 25,753 teachers and non-teaching staff of West Bengal, the Supreme Court on Tuesday stayed the order of the Calcutta high court order invalidating their appointment made by the......

Govt proposes panel to decide MPs' pay and perks

Amid demands that MPs should not be allowed to decide their salaries, the government has proposed to set up a three-member panel to recommend pay and perks of lawmakers. The ministry of......

Rajya Sabha passes bill to appoint CEC, ECs as Opposition walks out

Rajya Sabha on Tuesday passed a bill to regulate the appointment and service terms of Chief Election Commissioner and election commissioners incorporating key amendments like retaining their status......

7th Pay Commission recommends 2-fold hike in Military Service Pay

The 7th Pay Commission has recommended more than doubling the 'Military Service Pay' to defence personnel, and suggested that Short Service Commissioned Officers should be allowed to exit the Armed......

'The story of inflation is not yet over'

'The actions of Indian monetary authorities will depend on how quickly they want the inflation to come down to 4 per cent.' Illustration: Uttam Ghosh/Rediff.com C Rangarajan has been governor of......

Sebi, Trai, Irda bosses' pay up

The Sixth Pay Commission on Monday recommended an increase in the salary of chairpersons of regulators, including Sebi, Trai and Irda, to up to Rs 300,000 per month and delink them from government......

Axis Bank buys Citi's India retail business for Rs 12,325 cr

Axis Bank on Wednesday said it will acquire US-based Citi's consumer business in India for Rs 12,325 crore in one of the largest deals in the Indian financial services space which will help it......

50 lakh central govt employees to get pay hike, perks

The Cabinet on Friday gave mandate to the 7th Pay Commission for revising salaries of over 50 lakh central government employees and remuneration of 30 lakh pensioners. The move comes ahead of......