Inflation target remains 5% for January 2017.
On a day the Punjab assembly passed a resolution seeking immediate transfer of Chandigarh to the state, Haryana Chief Minister Manohar Lal Khattar said the city will remain the joint capital of both states.
The Congress vice president wrote to Prime Minister Narendra Modi saying he was saddened at the decisions of the government taken in the last few weeks
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'.
'He is not looking at the interest of farmers. He only wants to do the politics of elections.' 'This Budget is for the new super India. It is exploiting the villages of Bharat.'
Trade unions' had demanded 8.9 per cent interest rate.
The strike was supposed to affect about 23 million passengers.
The military will now demand further pay and promotion parity with civilians
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.
The annual expenditure on contractual manpower in 2012-13 was about Rs 300 crore.
ADB too had projected Indian's economic growth for current fiscal at 7.6 per cent
rediffGURU Samkit Maniar answers readers' personal income tax queries
'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!'
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
The Centre is likely to announce next month a hike in dearness allowance by 10 per cent to 100 per cent, benefiting about 50 lakh employees and 30 lakh pensioners.
The Union Cabinet on Wednesday hiked Dearness Allowance (DA) and Dearness Relief (DR) by 3 per cent to 34 per cent to compensate for the price rise, benefitting over 1.16 crore central government employees and pensioners. The additional instalment will be effective from January 1, 2022, said an official release after the Cabinet meeting. "The Union Cabinet...has given its approval to release an additional instalment of DA to central government employees and DR to pensioners w.e.f. January 1, 2022, representing an increase of 3 per cent over the existing rate of 31 per cent of the Basic Pay/Pension, to compensate for price rise," an official statement said.
The finance minister may stagger some of the recommendations.
Pulses inflation remained stubborn at 35.56 per cent.
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.
'We need to look beyond the current approach'.
RBI's likely focus will shift back towards the resolution of non-performing loans in the banking system for reviving credit demand
In his last Budget, Suresh Prabhu, set an ambitious target for capital expenditure.
The government on May 17 formed a five-member committee.
Likely to be merged with Union Budget from FY18
It will benefit about 48.34 lakh central government employees and 65.26 lakh pensioners.
'Political parties are following the Divide and Rule policy to break the unity of farmers.'
India is not so worried about meeting fiscal deficit target.
The RBI said there is an upward bias on inflation projection.
Finance Minister Arun Jaitley said the government will safeguard interests of soldiers retiring at an early age through higher pensions.
The Reserve Bank is likely to cut the repo rate by 25 basis points (bps) after the Budget.
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.
Fresh investments are constrained by tepid demand.
The monetary authority said it was worried on three fronts with regard to inflation as well as the economy.
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.
India moving in right direction on GST, says Panagariya.
RBI may go for a 25-basis point cut at its February policy meet.
'We have seen a host of businesses across sectors generate economic value and wealth for investors.'
The April-June quarter GDP slipped to 7 per cent from 7.5 per cent.
High frequency indicators suggest that a growth recovery is underway, but very tentatively and with weak legs, says Saugata Bhattacharya.
