Government's effective supply-side measures and commendable commitment to fiscal consolidation will have a salutary impact on inflation, says the RBI report.
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.
At least 13 candidates are in the race for the position of managing director and chief executive officer (MD & CEO) of Punjab National Bank (PNB), the second-largest public sector bank (PSB), according to multiple sources familiar with the matter. "Among the candidates, some are executive directors (EDs) and managing directors in major PSBs. "Financial Services Institutions Bureau (FSIB) will conduct the interviews next month," said a source.
National Commission concluded that false and baseless allegations had been made in the complaint to claim a highly exaggerated and atrocious amount of compensation.
The Centre will set up a high-level committee of secretaries for processing the Sixth Pay Commission's report for its employees. The Empowered Committee of Secretaries will be headed by Cabinet Secretary K M Chandrasekhar, Science and Technology Minister Kapil Sibal said after the Cabinet meeting.
The police which are probing the matter on Bommai's instruction had arrested B R Naidu, the former chief of Congress' Karnataka unit social media team, on Wednesday night from his residence.
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.
Competition Commission of India (CCI) on Monday granted its approval for the acquisition of 100 per cent equity of indiaideas.com (BillDesk) by PayU Payments. The proposed combination relates to the acquisition of 100 per cent of the equity share capital of India Ideas Ltd (IIL) by PayU India. In a tweet on Monday, CCI said it approved, "acquisition of 100% of the equity share capital of IndiaIdeas.com (BillDesk) by PayU Payments."
They were similar to electronic wallet Paytm. Bommai's face figures in the middle of the QR code with the message "40 % accepted here".
'It is notable how humble he was and didn't want anything different just because he was a Tata.'
The Sixth Pay Commission on Monday recommended an increase in the salary of chairpersons of regulators, including Sebi, Trai and Irda, to up to Rs 300,000 per month and delink them from government salaries, a move to attract expertise from outside the government. Those appointed as members through the revised process should be paid a consolidated salary of Rs 1,50,000 per month, while the chairperson may be paid Rs 2,00,000 per month, in case a car and house are provided.
Home and kitchen appliances, electronic products, apparel and B-segment cars stand to gain.
'You're going to have your own journey and that can be very beautiful.' 'It can also be very terrifying because there is no precedence.'
Gujarat and Jharkhand are most favourably placed in terms of smaller share of public sector employees and lower liability on pension, wages and salaries.
The notes argue that it will widen the talent base available to govt to deliver increasingly complex services to a demanding population.
rediffGURU Samkit Maniar answers readers' personal income tax queries
Adopting overly aggressive strategies without considering risk could lead to significant losses during the next downturn.
'We want the Commission to finish its work; the issue it is investigating is too crucial for its work to be left incomplete.'
The recommendations will benefit 47 lakh central government employees and 52 lakh pensioners.
At nearly 82 per cent of GDP, India's public debt is very high, but the country doesn't face debt sustainability issue on account of high growth rate and higher share of local currency debt, NCAER Director General Poonam Gupta has said. Participating in an event organised by NCAER, Gupta said India's high debt levels are sustainable for now because of higher real or nominal GDP and as most of the debt is held in rupee.
'Today we know of many X, Y, and Z persons as urban Naxals but can we call these people as such?' 'No, we cannot because we don't have a legal framework for doing that.'
At least 120 insurance intermediaries and aggregators from across the country are under scrutiny, mainly from Mumbai, Gurugram and Bengaluru.
After army personnel and IPS officers, other government employees have now voiced their grievances against the Sixth Pay Commission report, saying the recommendations do not correspond to the increased cost of living but will increase inequality.
Arun Maira who worked for 25 years with the Tata Group, remembers his early years with Ratan Tata.
The Railways is expected to mobilise a substantial chunk of funds through dynamic pricing.
The National Restaurant Association of India has written an advisory to its members against Zomato Pay and Swiggy Diner discount programmes saying these are against the interest of restaurant owners. The advisory alleges that 'middlemen' Zomato and Swiggy are making money at the cost of restaurants, who sign up to be on the Zomato Pay and Swiggy Diner programmes by making them compulsorily offer discounts and also pay commission fee on every transaction on these platforms. "Zomato Pay and Swiggy Diner both operate broadly on the same construct -- no cost/subscription fee to the customer to participate; restaurants must compulsorily offer a discount in the range of 15-40 per cent to be part of the program," NRAI wrote to its members.
The statements the separatists make, the abominable tableaux at their parades, the slogans, posters, and selfies with assault rifles are not India's problem. If they are a nuisance, it should bother their host countries, because they are armed and have their own underworld with deadly gang rivalries. Significantly, none of this happens in the US -- only in snowflaky Canada, points out Shekhar Gupta.
Workers of the Uddhav Thackeray-led Shiv Sena camp on Tuesday visited the memorial of Shiv Sena founder late Bal Thackeray in Mumbai carrying a flaming torch with them, a day after the Election Commission allotted mashaal symbol to the party faction.
Justice Sachin Datta said the plea was misconceived and devoid of merits and the ECI can take an independent view on the complaint of the petitioner in accordance with law.
Faculty of top academic institutions like the Indian Institutes of Technology (IITs), the Indian Institutes of Management (IIMs), and central universities say the Sixth Pay Commission's recommendations do not have a direct bearing on their compensation levels. The new pay structure of assistant professors, associate professors and professors will be finalised by an internal committee of the Ministry of Human Resource Development, which would take a couple of months at least.
Expecting brickbats from Babus for recommending only about 40 per cent hike in pay, the Sixth Pay Commission chairman Justice B N Srikrishna on Monday said his recommendations would displease everbody.
State employees in Karnataka will have to wait longer for wage hike.
'Not giving the Commission space in Mumbai is an insult to Maharashtra's Dalits who are waiting for the inquiry report.'
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.
'Our vision for the future includes the creation of an active ecosystem, human space flight, a human space station.'
The recommendations of the 6th Pay Commission, if implemented by the Central government, could result in major negative impact for the fiscal position of the country, though it could be positive for consumption, according to a leading investment banker. The review said assuming the 6th Pay Commission's recommendations were implemented fully, "we judge the impact on the economy should not be as negative this time round". Impact of 5th pay commission was unambiguously negative.
The chief adviser alleged elections held under Hasina's regime were "rigged blatantly and generations of young people grew up without exercising their voting rights."
'Everyone knows the money the stars are asking for is absurd.'
A lot has been written about the impact of the recommendations.
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