The notes argue that it will widen the talent base available to govt to deliver increasingly complex services to a demanding population.
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.
This is roughly 70% of the national transporter's budgeted wage bill of Rs 40,435 crore for the current financial year.
Whether she will pare the fiscal deficit target of 5.1 per cent of GDP, using the record dividend received from the RBI, or expand flagship government programmes will be keenly watched.
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.
The government had committed to increasing spending in infrastructure
A lot has been written about the impact of the recommendations.
However, the hike in salary for government officials may take some time as the Centre had earlier this year decided to put a freeze on any hike in the DA of its employees till July, 2021, owing to the Covid-19 pandemic.
The Seventh Pay Commission had decided to choose the CPI-IW as the index for adjusting inflation for central government employees.
Mr Jaitley should devise methods to attract better talents at the higher level.
Implementation of the Seventh Pay Commission recommendations, One Rank, One Pension are the other triggers going ahead, analysts say
The aim is to reduce working expense by about 15 per cent.
Maharashtra minister and NCP leader Nawab Malik on Thursday accused NCB's zonal director Sameer Wankhede and his family of obtaining two separate certificates of his mother following her death in 2015, each mentioning her as Muslim and Hindu.
'We want the Commission to finish its work; the issue it is investigating is too crucial for its work to be left incomplete.'
The state is now under pressure to revise the salaries of its 800,000 employees, which would add to the strain of an already debt-laden state exchequer.
Rajasthan's teachers plan to teach Vasundhara Raje a lesson.
Jaitley said India needed to grow by additional 1-1.5%.
Room for rise of up to 2 percentage points, move to help meet higher expenditure need in FY17
India's GDP growth quickened to 7.4 per cent in the September.
The salary hike for government employees is likely to put an additional burden of Rs 24,000 crore on the state excheque.
Delhi Chief Minister Arvind Kejriwal 'directly used' part of the alleged Rs 100 crore generated from the 'kickbacks' of the Delhi excise policy 'scam' by staying in a luxury hotel in Goa, the Enforcement Directorate (ED) has claimed in its charge sheet filed against the Aam Aadmi Party supremo.
The judges' committee recommended a pay hike of Rs 2.8 lakh for SC judges, Rs 2.5 lakh for HC judges.
BJP spokesperson Sambit Patra said that Gandhi is an immature leader and his immaturity provided a handle to Pakistan today to accused India.
Over 100 workers of the MSRTC had staged the protest outside 'Silver Oak', Pawar's bungalow on Pedder Road in south Mumbai on Friday afternoon, catching the police unawares.
'They should decide their allocation based on their risk appetite and age, and not valuations.'
'The actions of Indian monetary authorities will depend on how quickly they want the inflation to come down to 4 per cent.'
Government employees enjoy a pay revision every five years, unlike once in every 10 years for central government employees, and draw relatively higher salary.
Funeral and cycles allowances have been retained and revised.
The hike will benefit about 48.41 lakh central government employees and 62.03 lakh pensioners.
The finance minister may stagger some of the recommendations.
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.
The Bharatiya Janata Party on Sunday unveiled its manifesto for the West Bengal elections, promising to build a 'Sonar Bangla' by providing employment, strengthening social security schemes and vowing to clear the implementation of the Citizenship Amendment Act in the first cabinet meeting of the new government.
Being mandatory, these recommendations will have to be immediately built into the Budget for 2015-16.
The 79-year old veteran leader, who has already announced his retirement from electoral politics, said there is no question of him sitting at home, and after the assembly session he will tour the state and campaign for the party and its candidates.
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".
Railways to hive off all production units and workshops into new govt-owned company; may invite bids from private players to run passenger trains in next 15 days, with ownership vesting with the government.
The law was amended to bring parity between public and private sector employees (including PSUs) after the gratuity limit was raised for central government on similar lines
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.
The 7th Pay Commission recommendations are a major challenge for the Railways.
The repo or short term lending rate remains unchanged at 6.75 per cent and the reverse repo rate at 7.75 per cent.
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