"The amount of both the family pensions will now be restricted to Rs 1,25,000 per month, which is over two and half times higher than the earlier limit," said Singh, the Minister of State for Personnel.
Private consumption is looking up and will get better as the full effect of the good monsoon is felt on rural income, and the effect of the payout from the Seventh Pay Commission is felt on urban income, say Anis Chakravarty & Rishi Shah.
BJP chief J P Nadda on Thursday launched 'Lokkho Sonar Bangla' (target to build golden Bengal) manifesto crowdsourcing campaign to seek suggestions from more than two crore people in West Bengal ahead of the upcoming assembly elections.
The country's GDP grew at the fastest pace in seven quarters at 7.7 per cent in the January-March period, retaining the fastest growing major economy tag on robust performance by manufacturing and service sectors as well as good farm output.
GST rate cut for real-estate, income transfer scheme, farm loan waivers execution and recapitalisation of PSU banks have the potential to boost India's growth in a few months, says Neelkanth Mishra.
There are about 50 lakh (5 million) Central government employees.
The agency said the move on liquidity will lead to an ease in the situation.
The higher salaries and pension outgo will be equivalent to about one per cent of the GDP.
We should work in unison to boost growth: FM
Incentives for industries have been rolled back and teachers have gone without salary for months as the state grapples with the after-effects of the ban
Rajan retained the short-term lending rate at 6.5 and the cash reserve requirement of banks at 4 per cent.
In a general notice, the railways said, 'Such misguided activities are the highest level of indiscipline rendering such aspirants unsuitable for railway/government job. Videos of such activities will be examined...and candidates/aspirants found indulged in unlawful activities will be liable for police action as well as lifetime debarment from obtaining railway job.'
If receipts from disinvestment, tax buoyancy and black money scheme offset shortfall in spectrum sale, higher expenditure due to pay commission's recommendations and capital expenditure, then the government would be able to meet the target of controlling fiscal deficit at 3.5 per cent of GDP this financial year.
Capex for next year expected to be up 25% to Rs 3 lakh crore
The law of diminishing returns catches up as one goes up the ladder.
RBI Governor Raghuram Rajan on Tuesday kept the repo rate unchanged 6.50 per cent.
In July, IRS officers in Mumbai held an incendiary meeting where they criticised the alleged interference in 'operational matters' by the department of revenue.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
Lavasa will replace Rajan Watal, who retires on Saturday, even as the budgetary process is yet to be finally completed.
Experts prefer domestic consumption-driven plays and defensives such as information technology and pharmaceuticals
According to the report, financial assets of the Indian households are predominantly in the form of bank deposits, followed by life insurance - a pattern that got disrupted after note ban
Parekh says drafting new I-T law is hindered by the lack of experience.
Shah said a BJP government would protect and promote the cultural heritage and values of tribals.
He cautioned people against forces inside and outside India which are working against the country by targeting it and its constitutional values.
Analysts expect the central bank to remain watchful of inflation.
'Whatever happens in any part of the world affects us.'
'What is bank recapitalisation? When the rich take loans and do not return and the government returns that money to the banks.' 'What is restructuring 5:25 scheme? The government says don't return now, just tell us you will return after five years.' 'Why don't we apply these schemes to farmers?' 'I want to increase the power of farmers to blackmail the government as everyone in the country has the power to blackmail.'
Strong festive demand in October helped carmakers register a seven-per cent volume growth in the domestic market, even as the largest player, Maruti Suzuki, reported low single-digit growth.
It is only 'zero-cost' money from FPIs that is keeping the market afloat
Will the government now push to move away from what Mr Rajan has been doing in the last few years?
The full grant of OROP would raise annual military pensions to Rs 75,000 crore, only slightly less than the salary bill of Rs 93,216 crore.
Suresh Prabhu is trapped in the 'rhetoric of his own government'.
Railway Minister Suresh Prabhu said Budget-making was guided by the Prime Minister's words of the government being there to protect the interests of the common man.
On the revenue front, the finance ministry was expecting higher proceeds from non-tax revenue.
He succeeded Fakruddin Ali Ahmed after his death in 1977.
He will presumably choose to remain true to the framework he has put in place.
Adopting a wait- and-watch approach ahead of US Fed meeting
Economists have cautioned that any deferment of the government's fiscal goals would prove counter-productive and raise the interest payment burden.
'The Budget that Mr Jaitley will present on February 29 will be crucial.'
BKS and BMS leaders have told the BJP leadership that it is staring at a build-up of anti-government propaganda in the run-up to polls in five states.
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