West Bengal and Maharashtra, despite having fewer public sector employees, are likely to face a higher burden of salaries and pensions.
The Centre is expected to increase the dearness allowance by 10% to 100% by the end of February.
Top carmakers, including Maruti Suzuki India, Hyundai and Honda, are expecting a spike in their sales following the implementation of 7th Pay Commission recommendations.
This time, five states, including Tamil Nadu, have requested the Centre to delay the pay hikes.
The announcement of a deferral is expected to be part of Finance Minister Arun Jaitley's Budget speech on February 29.
The S&P BSE Sensex rose 216 points to end at 26,740 and the Nifty50 gained 76 points to close at 8,204.
Analysts expect earnings to become increasingly relevant given that the stocks have rallied on positive sentiment and the gush of liquidity. Macro factors, they suggest, have already led to a large re-rating in most counters
More incentives will be given to agriculture sector for increasing agriculture production.
'In 2016, we had De-Mon and in 2017, we had GST.' 'The combined impact of these two started showing up in 2019 and 2020.' 'COVID-19 only added insult to injury.'
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.
In his Budget, Jaitley announced a pay hike for the President to Rs 5 lakh per month, Rs 4 lakh for the VP and Rs 3.5 lakh for governors.
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.
Overnight, the Wall Street closed on a flatter note.
The armed forces are seeking an enhancement of allowances for their personnel posted in "hardship" areas on the pattern of high-altitude Siachen in Jammu and Kashmir.
The Cabinet on Friday gave mandate to the 7th Pay Commission for revising salaries of over 50 lakh central government employees and remuneration of 30 lakh pensioners.
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.
Since most of the States' coffers are depleting the hike in salaries in states is unlikely to match the central government. The payout is likely to be deferred levels. Besides, many states have their own pay commissions. However, state govt employees are assessing whether it is the central pay commission's recommendations that will be more beneficial for them or the state govt's own, as state commission's recommendations are reviewed every 5 years and centre's every 10 years.
This is roughly 70% of the national transporter's budgeted wage bill of Rs 40,435 crore for the current financial year.
Demands include 5-day banking, PF to be calculated on total salary and allowances, not only on basic
The move comes following the implementation of the 7th Pay Commission's recommendations which has created an anomalous situation in which the salary of the President is Rs 1 lakh less than that of the country's top-most bureaucrat, the Cabinet secretary.
While still not as drool-worthy as their private sector counterparts, the hike is quite hefty, and across segments
The government will soon issue guidelines for regulation of OTT (over the top) platforms that will address issues such as sensitive content, the Rajya Sabha was informed on Tuesday.
Salary hike is fine but govt must reduce support staff to get its math right.
The prime minister also launched a blistering attack on Banerjee, saying she did not care to express regret after a "leader very close to her" called Scheduled Castes "beggars".
The policy review observed that the moderation in inflation, excluding food and fuel, that was witnessed in the first quarter of 2017-18 has "by and large, reversed".
Government's effective supply-side measures and commendable commitment to fiscal consolidation will have a salutary impact on inflation, says the RBI report.
Home and kitchen appliances, electronic products, apparel and B-segment cars stand to gain.
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.
India Inc on said the Seventh Pay Commission set up today for central government employees is likely to lead to additional burden on the exchequer and increase inflation by pushing demand.
State governments want the Centre to direct the 14th Finance Commission to compensate states for implementing pay scales, to be recommended by the pay panel.
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.
About a million railway employees participated in the strike ballot of NFIR. In December, 800,000 employees participated in the strike ballot conducted by another leading union, the All India Railwaymen Federation, with 96 per cent voting in favour of a strike.
RBI said more monetary transmission to support growth continues to be critical.
Nearly 22 lakh Maharashtra state government employees, including secondary and junior college teachers and non-teaching staff, have decided to go on indefinite strike from Monday demanding implementation of 6th Pay Commission.
Employees and workers will meet on November 27 to protest against the recommendations
The recommendations will benefit 47 lakh central government employees and 52 lakh pensioners.
The Centre on Tuesday said it cannot give blanket assurance to states to help them come out of financial problems following implementation of the 6th Pay Commission awards by them.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances