As the MPC is mandated to target CPI inflation rate at 4 plus minus 2 per cent, any measurement error in CPI is likely to have grave consequences for monetary policy.
India's chief statistician Pronab Sen has said there is no need to construct a separate price index for government employees as suggested by the Sixth Pay Commission.
Prez said basic pension of ex-servicemen of the Indian Army has increased by 2.57 times as compared to pension of December 31, 2015.
Thousands of Andhra Pradesh government employees protested in Vijayawada against the state government's new Pay Revision Commission, demanding amendments to it.
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.
India's GDP growth quickened to 7.4 per cent in the September.
Eshwarappa would turn 75 in June, the unofficial age bar in the BJP for leaders to contest polls and hold official positions.
The Centre was mulling more incentives for paramilitary personnel, especially those deployed in the border areas, and bring parity among all the forces in terms of pay and other perks
Ahead of the festival season, the government on Tuesday decided to release the second and last installment of salary arrears to government servants numbering about 50 lakh (5 million) which will put a burden of over Rs 17,500 crore (Rs 175 billion) on the exchequer.
The State Consumer Commission awarded the damages saying the supply of credit card statement details of the card holder to a third party is a 'violation of confidential relationship' between the bank and its customer and "betrayal of trust."
Holding the bank responsible for deficiency in service, the Delhi State Consumer Disputes Redressal Commission has asked it to pay the compensation amount within a month.
Brihanmumbai Municipal Corporation staff, owing allegiance to the Municipal Mazdoor Union led by Nationalist Congress Party leader Sharad Rao, went on a strike on Tuesday demanding salaries on the lines of the sixth pay commission. Civic employees who have joined the strike include those involved in jobs such as garbage collection, dousing fires, monitoring water supply and working in civic hospitals.
The government had committed to increasing spending in infrastructure
Farooq Ahmad Dar was tied to a jeep by the army as a shield against the stone pelters.
The alleged model code of conduct (MCC) violation took place at the event -- 'Dilli ki Yogshala: Yog Prashikon ko Samman Rashi Ka Vitran' -- held on Friday at the Constitution Club, which was attended by Chief Minister Arvind Kejriwal and his deputy Manish Sisodia.
Bollywood stars took a moment off to revisit their past, and share their thoughts.
Highlights of the RBI monetary policy.
'The government should act proactively to instil confidence in the private investors, and also boost the purchasing power of people directly or indirectly by ensuring minimum wages.'
A delegation of Meghalaya ministers led by CM Conrad K Sangma will meet Union Home Minister Amit Shah on November 24 to demand a CBI or NIA probe into the violence that left six people dead on the state's border with Assam.
Communication Minister A Raja on Thursday asked the Telecom Commission, which is responsible for policy formulation, licensing and wireless spectrum management among other things, to review the annual spectrum charges that service providers pay as licence fee.
The US government has asked a court in New York to slap a maximum penalty of $15 million on India-born fallen Wall Street titan Rajat Gupta and permanently bar him from serving as director of any publicly-traded firm for his "terrible breach of trust" by indulging in insider trading.
He called it the party's attempt at trying to lock up those who worship Hanuman. He claimed that the Congress had earlier locked up Lord Rama and now it wanted to lock up those who chant 'Jai Bajrang Bali' (Hail Hanuman).
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.
The palace said the Queen Mary Crown was removed from display at the Tower of London to be repurposed for the ceremony on May 6 with jewels paying tribute to the late Queen Elizabeth II.
'Whether Kashmir or anywhere else, whether in peace or in war, pay commissions or no pay commissions, hollowness and shortages notwithstanding, the Indian Army -- and Sekin Fif -- will always be there to keep India together.'
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.
The Securities and Exchange Board of India (Sebi) is discussing with mutual funds (MFs) a proposal on introducing new total expense ratio (TER) slabs linked to the total equity and debt assets by replacing the current ones that are linked to assets of an individual scheme. Senior MF executives confirmed that Sebi had held discussions on this matter with AMCs. Such a change is expected to lead to a lower TER cap for bigger asset management companies (AMCs).
Congress leader Rahul Gandhi and all 117 party candidates in Punjab will pay obeisance at the Golden Temple and sit down for a langar on Thursday.
The 7th Pay Commission recommendations are a major challenge for the Railways.
The monthly electricity bills of the majority of domestic consumers in Delhi -- who use more than 200 units and up to 600 units -- will be hiked by up to Rs 265 due to an increase in the power purchase adjustment cost (PPAC) levied by discoms in the city, officials said on Monday.
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.
In April 2016, the then CIC M Sridhar Acharyulu had directed the Delhi University and the Gujarat University to provide information to Kejriwal on the degrees that Modi received.
On November 3, Negi had cast his vote for the state's assembly polls through postal ballot, the Election Commission said.
Political repercussions are not the only reason why the Trinamool Congress chief would leave the sensitive issue of fares untouched before the West Bengal assembly elections in April.
It was in Kolar in 2019, during Lok Sabha election campaigning, that he made a remark on the Modi surname for which he was convicted of criminal defamation and stripped of his Parliament membership last month.
The bench ordered Go Air to pay Rs 15,000 to each passenger for cancellation of its flight due to a "technical snag".
Unlike the traditional model of paying commission to insurance agents on the basis of the business generated by them, the rural agents would be recruited under this new programme on a fixed income structure, the company said.
Taking a cue from the United Progressive Alliance government, Uttar Pradesh Chief Minister Mayawati on Tuesday issued directives to her cabinet colleagues to strictly adhere to austerity measures by checking unproductive spendings.
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