'None other but the invincible chariot led by Modi and Shah could have taken up the challenge and won,' says Tarun Vijay.
The military will now demand further pay and promotion parity with civilians
ADB too had projected Indian's economic growth for current fiscal at 7.6 per cent
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.
Trade unions' had demanded 8.9 per cent interest rate.
About a million railway employees participated in the strike ballot of NFIR. In December, 800,000 employees participated in the strike ballot conducted by another leading union, the All India Railwaymen Federation, with 96 per cent voting in favour of a strike.
Pulses inflation remained stubborn at 35.56 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
'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!'
In his last Budget, Suresh Prabhu, set an ambitious target for capital expenditure.
Upon implementation of the 7th Pay Commission the expected yearly burden on the central exchequer will be more than Rs 100,000 crore. Central government employees will get on an average a 24 per cent pay hike. Still, the unions aren't happy.
'We need to look beyond the current approach'.
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.
Finance Minister P Chidambaram said after the revenue deficit of states had shot up to 2.79 per cent of GDP in 1999-2000, it had come down to 2.56 per cent in 2003-04.
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.
High frequency indicators suggest that a growth recovery is underway, but very tentatively and with weak legs, says Saugata Bhattacharya.
The revised salaries of central government employees are likely to be paid from July 1, 2016.
The government on May 17 formed a five-member committee.
It is worrisome that salaries are consuming as much expenditure as equipment.
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 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.
Entry-level employees were the most disappointed.
The announcement of a deferral is expected to be part of Finance Minister Arun Jaitley's Budget speech on February 29.
Likely to be merged with Union Budget from FY18
The RBI said there is an upward bias on inflation projection.
The armed forces are seeking an enhancement of allowances for their personnel posted in "hardship" areas on the pattern of high-altitude Siachen in Jammu and Kashmir.
The Reserve Bank is likely to cut the repo rate by 25 basis points (bps) after the Budget.
'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?'
With the One Rank One Pension scheme for military veterans set to be notified soon, officials of central paramilitary forces, too, may be in for good news soon as the government is to take a final decision on granting of "organised services" status to them.
RBI may go for a 25-basis point cut at its February policy meet.
The April-June quarter GDP slipped to 7 per cent from 7.5 per cent.
Finance Minister Arun Jaitley said the government will safeguard interests of soldiers retiring at an early age through higher pensions.
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.
West Bengal and Maharashtra, despite having fewer public sector employees, are likely to face a higher burden of salaries and pensions.
India moving in right direction on GST, says Panagariya.
The strike was supposed to affect about 23 million passengers.
Trade union leaders claimed that the strike would be even bigger than the one last year as the number of striking workers is expected to swell to 18 crore
Wednesday's hawkish and essentially courageous decision underscores that Governor Urjit Patel will largely represent continuity, rather than a break, with the policies and approach of his predecessor, says Richard Iley.
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