Railway Minister Lalu Prasad has asked PM Manmohan Singh to review the sixth pay commission report. He said recommendations in the report would promote disparities among the different sections of government employees. The review should be made with regard to the Railways, as there was a lot of unrest among the rail employees and they were threatening to go on strike. A representative of the Railways -- the Finance Commissioner or Member Secretary -- would be on the committee.
Ratcheting up their protests one notch, the three service chiefs met Defence Minister AK Antony today to tell him the Sixth Pay Commission's recommendations relating to the services were inadequate and would not prevent attrition. The three chiefs said they wanted an average increase of 50 to 60 per cent in salaries, whereas all the pay commission offered was 28 to 33 per cent hike.
The Planning Commission does not foresee any significant disruption of state finances on account of increase in salaries of state government employees.
General Nirmal Chander Vij, former Chief of Army Staff, wrote a letter in anguish to Prime Minister Manmohan Singh against the adverse implications of the sixth pay commission on the armed forces. The letter written on April 17, 2008, speaks volumes about the armed forces' dissatisfaction, which no government can ignore.
Launching an attack on the BJP, Railway Minister Lalu Prasad on Friday said the increase in prices was the "handiwork" of traders sponsored by the saffron party.Prasad said there has been a sudden increase in prices after the submission of the report of the 6th Pay Commission and this should be investigated.
While suburban fares remain unchanged, ordinary non-AC, non-suburban fares were increased by 1 paise per km of journey. The Railways also announced a two-paise/km hike in fares of mail/express non-AC trains and four- paise/km hike in the fares of AC classes. The fare hike is also applicable to premium trains such as Shatabdi, Rajdhani and Duronto.
Highlights of the RBI monetary policy.
'Whether Kashmir or anywhere else, whether in peace or in war, pay commissions or no pay commissions, hollowness and shortages notwithstanding, the Indian Army -- and Sekin Fif -- will always be there to keep India together.'
Fresh investments are constrained by tepid demand.
The central government employees may get increment in their salaries on the basis of their performance as the Sixth Pay Commission is looking into the possibility of adding productivity-linked incentives to their overall income.
The regulator has asked portfolio managers not to leverage the portfolio of clients for investment in derivatives and not indulge in speculative transactions that are not accompanied by actual delivery, except for derivatives trades. This is done with the intention of reducing volatility in the market and curbing undue risks.
The government had committed to increasing spending in infrastructure
India's GDP growth quickened to 7.4 per cent in the September.
The military will now demand further pay and promotion parity with civilians
Railways to have functional autonomy, bear salary burden
He said Parrikar had no right or authority to order the services chiefs to accept what is not acceptable to them, adding he had once again shown his inability to understand the services.
The Covid pandemic has left a question mark on how the central government manages its staff.
The Railways is expected to mobilise a substantial chunk of funds through dynamic pricing.
Railways to hive off all production units and workshops into new govt-owned company; may invite bids from private players to run passenger trains in next 15 days, with ownership vesting with the government.
State employees in Karnataka will have to wait longer for wage hike.
The 7th Pay Commission recommendations are a major challenge for the Railways.
Punjab has over 400,000 employees and pensioners and about 125,000 staff members in its corporations and boards.
Do you think the new pay panel proposals will cripple India's economy? Are political compulsions overriding economic sense? Or do you think this is a fair move? Tell us.
The law was amended to bring parity between public and private sector employees (including PSUs) after the gratuity limit was raised for central government on similar lines
An angry Nadda called the attack 'unprecedented' and alleged the state has slipped into 'complete lawlessness and goonda raj'. He also said the violence reflected the 'frustration' of the Mamata Banerjee government. West Bengal Chief Minister and Trinamool Congress supremo Mamata Banerjee insinuated the attack was staged.
A committee headed by Cabinet Secretary BK Chaturvedi has turned down the request for constituting the Sixth Pay Commission to review the salaries and perks of all central government employees.
Inflation target remains 5% for January 2017.
The notes argue that it will widen the talent base available to govt to deliver increasingly complex services to a demanding population.
Deficits could come under more pressure in coming years as states implement their own Pay Commissions.
This comes as IR posted its worst operating ratio (money spent to earn every Rs 100) in 16 years, at 96.9 in 2016-17.
No headway was made on Thursday in resolving sticky issues for OROP implementation during talks between agitating ex-servicemen and government even as two more veterans on indefinite hunger strike were shifted to the army hospital following doctor's advice.
'Our political leadership needs to grasp that there is a difference between a soldier, policeman, trained private security guard and a chowkidar, though all of them provide security.' 'The cross border raids by the army could not be taken by the Central Reserve Police Force, for sure!'
Modi govt faces extra spending burden due to policies like 7th Pay Commission and OROP
Modi govt must take measures to prevent widening of fiscal deficit.
The government on Monday announced a one-time Rs 10,000 interest-free festival advance to all its officers and employees as part of plans to increase consumer spending to spur demand in the economy.
India is not so worried about meeting fiscal deficit target.
RBI awaits fiscal stance, inflation to cool off to decide on rates.
There was widespread criticism from opposition parties and the military establishment over a letter issued on September 30 which had introduced a slab-based system
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