Officers of the elite Indian Administrative Service (IAS) want their pay scales to be determined on the basis of prevailing market rates. However, they are not ready to give up the substantial perks they enjoy, like palatial bungalows in city centres, number of attendants, guards, drivers and other assorted facilities.
'We need to look beyond the current approach'.
His statement comes in the wake of the defence forces' signal to its 1.5 million personnel on the 'anomalies' in the CPC, asking them to 'be patient in the larger interest of the services', which was seen as an act of defiance of the Cabinet decision to implement revised pay scales from September 1.
A bonanza is in the offing for the senior ranks as the Defence Ministry has cleared proposals for creating more than 110 posts of Generals.
The larger virtue of maintaining fiscal credibility should not be unduly diluted by quibbles on the fiscal math, says Sajjid Chinoy.
'On the tax front, most of the Budget proposals are sensible'.
The 6-member Monetary Policy Committee, headed by Reserve Bank of India Governor Urjit Patel, in its fifth bi-monthly review, kept the repo rate unchanged at 6 per cent and reverse repo at 5.75 per cent.
The minimum wage of Rs 80, which is applicable to central public sector undertakings, will see a 30 to 40 per cent jump in a single year once the changes are notified. The decision to hike the minimum wage level was taken by the Central Advisory Board at its meeting chaired by Minister for Labour and Employment Oscar Fernandes last week. The National Floor Level Minimum Wage of Rs 80 is likely to cross Rs 100 once the notification is issued.
There are about 50 lakh (5 million) Central government employees.
Resources alone will not make the Indian armed forces the envy of its adversaries. It is the policy direction that is set by the military leadership and the quality of training imparted to its manpower that will make the difference. The debate on the wide-ranging changes that India's defence set-up needs should have been initiated long back by the armed forces themselves.
Despite the government's efforts to control prices, inflation continues to rise and is now at its highest in over thirteen years, as prices of pulses, spices, eggs, fish and meat among other things continued to rise.
The Sixth Pay Commission on Monday submitted its report to the government presumably recommending a 40 per cent hike in salary for the central government employees. The commission, headed by Justice B N Srikrishna, submitted its report to Finance Minister P Chidambaram on Monday morning.
Being mandatory, these recommendations will have to be immediately built into the Budget for 2015-16.
Vegetable prices which had witnessed a 21.16 per cent contraction in June, shot up by 21.95 per cent in July.
The salary hike for government employees is likely to put an additional burden of Rs 24,000 crore on the state excheque.
The repo or short term lending rate remains unchanged at 6.75 per cent and the reverse repo rate at 7.75 per cent.
'The Budget that Mr Jaitley will present on February 29 will be crucial.'
Capex for next year expected to be up 25% to Rs 3 lakh crore
The revised salaries of central government employees are likely to be paid from July 1, 2016.
"The main risk stems from the uncertainty surrounding the outcome of the south west monsoon in view of the rising probability of an El Nio event around July-August, and its implications for food inflation," RBI said, as it kept the status quo on key interest rate for the third time in a row.
Both the forces were of the view that inclusion of its personnel who have joined the service on or after January 1, 2004 in the new contributory pension scheme launched by the government was unfair.
By suggesting a substantial hike for government employees, the 6th Pay Commission, like many before it, has indeed been an honest attempt at destabilising the nation. And for that reason the nation need to consign it to the dustbin.
In April, RBI had projected retail inflation to be around 5 per cent.
While the Cabinet secretary, who can be equated to a CEO of a company, has been recommended a Rs 90,000 salary per month (over Rs 1 crore or Rs 10 million per annum), all others, despite the hefty hikes recommended will still earn less than Rs 1 crore a year.
The revenue budget of the defence services is likely to go up 3.2 times in the next Budget if the recommendations of the 6th Pay Commission are accepted. On an average, the services had recommended a salary hike of up to 4.5 times. They had also sought a five-and-a-half times increase in counter-insurgency allowances. They had expected an increase of 3.8 times. The increase in salaries that has been granted is 3.2 times. Allowances, by and large, have been doubled.
In a significant gesture to the men in battle fatigue, the Sixth Pay Commission on Monday elevated the three defence services chiefs to be among the highest paid public servicemen drawing a salary of Rs 90,000 per month equivalent to the cabinet secretary. The 3 chiefs were drawing a fixed monthly pay of Rs 30,000 per month. The Commission elevated the rank of the Director General Armed Forces Medical services to the Secretary, Government of India, with a salary of Rs 80,000.
The Sixth Pay Commission on Monday submitted its report to the government, presumably recommending a 40 per cent hike in salary for central government employees.
The Sixth Pay Commission is likely to significantly raise basic salaries for an estimated 4.5 million central government employees. The recommendations are expected to be submitted in January, a few months ahead of schedule, and the award is likely to come into effect from January 2006.
IIM Ahmedabad will provide a performance-linked pay model to the Sixth Pay Commission which has been assigned the task of recommending revised pay scales for central government staff.
It is not that the government has not done anything to change the format of the annual performance appraisal report, but it is hard to tell what difference these will make.
The government on May 17 formed a five-member committee.
Now, in many cases, they give no old jewellery but the bills they get show gold as provided by them, the jeweller's making charge and the GST on that.
"I urge the PM once again: soldiers should not have to struggle to claim what is their due. OROP must be implemented in a meaningful way! My heartfelt condolences to the family of Subedar Ram Kishan Grewal. Extremely sad to learn of his death," the Congress vice president said.
"It is a logical step. The information gathered through annual information returns will now be compared with the tax returns of individuals to see if taxes are paid correctly or not," said a consultant with a leading tax advisory firm.
In fuel and power segment, inflation saw a sharp surge to a near double digit inflation at 9.99 per cent, against 4.37 per cent in July.
'What is bank recapitalisation? When the rich take loans and do not return and the government returns that money to the banks.' 'What is restructuring 5:25 scheme? The government says don't return now, just tell us you will return after five years.' 'Why don't we apply these schemes to farmers?' 'I want to increase the power of farmers to blackmail the government as everyone in the country has the power to blackmail.'
'I want to ask Modiji is the support price announced by him good enough to make a farmer's sons to start farming in their villages?' 'Can he swear by Bharat Mata and say that is true?'
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