The RBI announced its monetary policy on Tuesday.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
If receipts from disinvestment, tax buoyancy and black money scheme offset shortfall in spectrum sale, higher expenditure due to pay commission's recommendations and capital expenditure, then the government would be able to meet the target of controlling fiscal deficit at 3.5 per cent of GDP this financial year.
Rajan retained the short-term lending rate at 6.5 and the cash reserve requirement of banks at 4 per cent.
A combination of farm loan debt waivers by state governments and the implementation of the pay commission award could entail some fiscal slippages and pose a risk to inflation
In its submission to the Competition Commission of India, in response to a complaint filed by a travel agents body, DGCA said travel agents should be compensated by the airlines directly by paying commission, which should be a part of the fare itself.
Taking a cue from the United Progressive Alliance government, Uttar Pradesh Chief Minister Mayawati on Tuesday issued directives to her cabinet colleagues to strictly adhere to austerity measures by checking unproductive spendings.
Nearly 800 employees started the strike on February 3 alleging gross mismanagement of funds by the top management and demanded a thorough audit of ICAI by comptroller and auditor general.
Former chief secretary Indu Kumar Pande, the chairman of the commission, has been left with only seven months to complete the recommendations.
Farmers with land sizes less than 0.01 hectare have an average annual income of Rs 54732 and annual consumption of Rs 61296, thereby, a debt of Rs 6564 each year. Compare this with the minimum pay for a government employee, says Devanik Saha.
'We have seen a host of businesses across sectors generate economic value and wealth for investors.'
The chairman of the committee, A K Mathur, sought abolishment of the two-year edge accorded to the IAS officers for empanelment, compared to other services, saying it was an 'archaic concept'.
Currently, an IAS and IFS officer are accorded a pay advantage or financial edge.
The Jammu and Kashmir government invoked the Essential Services Maintenance Act in the state, as over 4.50 lakh employees went on a weeklong strike from Monday.
The government has introduced the Code on Wages Bill 2019 and the Occupational Safety, Health and Working Conditions Code Bill 2019 in Lok Sabha on July 23.
A 35-year-old farmer from the Washim district in Vidarbha allegedly committed suicide after writing a suicide note addressed to Maharashtra Chief Minister Devendra Fadnavis drawing his attention to the agrarian crisis and plight of cultivators in the region.
'China need not worry about a truly 'resurgent India'.' 'It's not going to happen.'
Bhaichung Bhutia, India's iconic former football captain, is set to try his political luck again, this time in his native state of Sikkim, as he plans to contest the assembly elections due this year.
ADB too had projected Indian's economic growth for current fiscal at 7.6 per cent
The monetary authority said it was worried on three fronts with regard to inflation as well as the economy.
With the government raising the gratuity limit, it makes sense to negotiate for a higher basic salary to ensure a better payout.
A confrontation is brewing up between the Jammu and Kashmir government and its over four lakh employees over the implementation of the sixth pay commission recommendations.
A large number of ex-servicemen, including General rank officers, returned their medals on Sunday, to the government protesting the non-implementation of their demand for "one rank, one pension" principle.
Pulses inflation remained stubborn at 35.56 per cent.
Trade unions' had demanded 8.9 per cent interest rate.
Around 450 members from IIT-M, besides the other seven IITs in the country, are resorting to the black badge protest. The association said on Wednesday that the present IIT pay-scales were neither commensurate with the required qualifications nor enough to attract fresh talent,even to well established IITs and that the faculty are 'frustrated with the inordinate delay' in implementing the Sixth Pay Commission recommendations.
Analysts at Bank of America Merill Lynch said that fears of inflation getting "generalised" are overdone, as only two sub-categories of fuel and light and housing (accounting for 22 per cent of the basket) have seen a price-rise above the headline 5.2 per cent.
Rising rural distress due to back-to-back droughts have put pressure on FM to spend more on social schemes; no change in tax slabs likely
In his last Budget, Suresh Prabhu, set an ambitious target for capital expenditure.
Mayank Gupta, of BodhiSutra, discusses 10 career streams that will throw up opportunities in the times to come.
The government will mop up Rs 1,400 crore (Rs 14 billion) this fiscal by taxing the second instalment of arrears due to central government employees, who were awarded increased salaries by the Sixth Pay Commission.
The Delhi high court on Friday directed the city government to bring into effect the recommendations of a panel suggesting over 200 private unaided schools to return excess fees to parents with interest.
Uttarakhand Chief Minister BC Khanduri speaks about containing dissidence in state BJP ranks, Sixth Pay Commission and his party's chances in the forthcoming general elections.
High frequency indicators suggest that a growth recovery is underway, but very tentatively and with weak legs, says Saugata Bhattacharya.
Government gives 60 institutes freedom to fix courses, collaborate with foreign peers.
Replying to a Calling Attention Motion, labour minister Oscar Fernandes, however, said there will be no amendment to the Employees' Pension Scheme 1995 in the wake of Sixth Central Pay Commission as the two issues are not related. He said two committees, including one headed by a special secretary, have been set up to review the EPF scheme and ensure that it brings better benefits to the employees.
The judges' committee recommended a pay hike of Rs 2.8 lakh for SC judges, Rs 2.5 lakh for HC judges.
After the top brass of the Armed Forces, it now appears to be the turn of scientists of the defence and nuclear establishments to express dissatisfaction over the recommendations of the Sixth Central Pay Commission.
DA was last revised in September last year from 100 per cent of basic pay to 107 per cent.
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