'An expanding army, rising salaries due to the 7th pay commission, and raised pensions due to OROP are consuming money at the cost of badly needed bulletproof jackets, rifles, artillery, submarines, warships and fighter aircraft,' notes Ajai Shukla.
India will not vacate the Siachen glaciers as Pakistan cannot be trusted and it may occupy the strategic location once it is vacated, Defence Minister Manohar Parrikar said today.
The government is likely to present a "run-of-the-mill" budget with an fiscal slippage to 3.7 per cent of the GDP in the next fiscal from an earlier target of 3.5 per cent, a Nomura report says.
It is worrisome that salaries are consuming as much expenditure as equipment.
With cash -- the primary medium of exchange -- all but disappearing, it is now unlikely that the expected fillip to demand on account of a good monsoon and proceeds from the Seventh Pay Commission payout will materialise.
Likely to be merged with Union Budget from FY18
RBI is expected to discuss about the impact of GST in its monetary policy.
D&N cites positive changes in momentum in certain segments of economy, but says some areas of concern remain
The idle talk at street corners, cafes and public places since May 23 is that the winds of change are blowing across Bengal.
Trade unions on Wednesday opposed divestment in public sector undertakings and hike in foreign direct investment in telecom, insurance and aviation sectors
''Even without major reforms, with a business as usual scenario, and with current inflation trends, we should be clocking around 11 to 12 per cent nominal growth.' 'That is not happening and is a source of worry,' Rathin Roy tells Arup Roychoudhury.
Over 14 lakh (1.4 million) Indian Railways employees may proceed on indefinite strike in the last week of February next to press for their 10 demands, including the formation of Sixth Pay Commission.
Overall business confidence index is at 6-quarter high: Ficci survey
The RBI said there is an upward bias on inflation projection.
Entry-level employees were the most disappointed.
Room for rise of up to 2 percentage points, move to help meet higher expenditure need in FY17
Setting up of the sixth pay commission and its terms of reference are to be finalised by the Union Cabinet when it meets on Thursday.
Congress leader Rahul Gandhi on Thursday termed the Lok Sabha elections as a "battle of thoughts", saying while the party stood for empowering the people, the opposition represented only the rich in the country.
A lot has been written about the impact of the recommendations.
Union Minister Arun Jaitley while releasing the document said BJP's manifesto is particularly aimed at improving the social infrastructure in Punjab, even as he slammed Congress for its policies which he alleged paved way for militancy in Punjab in 1980s and termed its 2002-2007 tenure in power as "most dishonest and corrupt".
These firms offer job security and lucrative salries.
A good monsoon could rein in food inflation. Largely good corporate results mean better days are ahead. Nifty may reach record levels, points out Devangshu Datta.
Rajasthan's teachers plan to teach Vasundhara Raje a lesson.
The government on Wednesday announced that dearness allowance for govt employees has been hiked to 6 per cent.
Leaders of major central trade unions on Wednesday made a strong demand before Prime Minister Manmohan Singh for restoring the interest rate on Employees Provident Fund to 12 per cent
It should be noted that the CPC allocation is provisional.
Hawaldar (retd) Ashok Chauhan, on a fast-unto-death since August 18 over the non-implementation of the One Rank, One Pension scheme, was taken to the army hospital on Tuesday after his health deteriorated, in what is the second such case in as many days.
The Reserve Bank is likely to cut the repo rate by 25 basis points (bps) after the Budget.
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
The higher salaries and pension outgo will be equivalent to about one per cent of the GDP.
He cautioned people against forces inside and outside India which are working against the country by targeting it and its constitutional values.
The World Bank held India's Fifth Pay Commission as the "single largest adverse shock" to the country's strained public finance, according to the bank's India Development Policy Review.
According to the report, financial assets of the Indian households are predominantly in the form of bank deposits, followed by life insurance - a pattern that got disrupted after note ban
Seeking their "promised dues", ex-servicemen across the country began their relay-hunger strike on Sunday demanding that the government announce a date for the introduction of the 'One Rank One Pension' policy.
Index heavyweights continue to be top losers with ICICI bank.
A slowdown in India's growth rate, the bank said, has also affected the growth rate of South Asia. As a result, South Asia has fallen to second place after East Asia and the Pacific.
Two members recommended bringing down the rate by 50 bps in the April policy.
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