Inflation target remains 5% for January 2017.
Do you think the new pay panel proposals will cripple India's economy? Are political compulsions overriding economic sense? Or do you think this is a fair move? Tell us.
A committee headed by Cabinet Secretary BK Chaturvedi has turned down the request for constituting the Sixth Pay Commission to review the salaries and perks of all central government employees.
The notes argue that it will widen the talent base available to govt to deliver increasingly complex services to a demanding population.
Deficits could come under more pressure in coming years as states implement their own Pay Commissions.
This comes as IR posted its worst operating ratio (money spent to earn every Rs 100) in 16 years, at 96.9 in 2016-17.
Officers from the rank of Deputy Inspector General (DIG) up to the top-most rank of Director General (DG) in these four forces retired after attaining the age of 60.
No headway was made on Thursday in resolving sticky issues for OROP implementation during talks between agitating ex-servicemen and government even as two more veterans on indefinite hunger strike were shifted to the army hospital following doctor's advice.
'Our political leadership needs to grasp that there is a difference between a soldier, policeman, trained private security guard and a chowkidar, though all of them provide security.' 'The cross border raids by the army could not be taken by the Central Reserve Police Force, for sure!'
Modi govt faces extra spending burden due to policies like 7th Pay Commission and OROP
Modi govt must take measures to prevent widening of fiscal deficit.
There was widespread criticism from opposition parties and the military establishment over a letter issued on September 30 which had introduced a slab-based system
India is not so worried about meeting fiscal deficit target.
RBI awaits fiscal stance, inflation to cool off to decide on rates.
Higher rural incomes, pay commission benefits, and lower interest rates are key positives: Analysts
The DA hike will take effect from July 1.
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 strike was supposed to affect about 23 million passengers.
Seeking more funds, Railway Minister Mukul Roy requested Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee to provide additional allocation to meet the rising demands of the Railways to achieve efficiency and provide more safety.
Over 400 motormen of Mumbai's Western Railway went on a flash strike on Friday, leaving lakhs of commuters stranded during peak hour.
Over 400 motormen of Mumbai's Western Railway went on a flash strike on Friday, leaving lakhs of commuters stranded during peak hour.
This is not her first stint in North Block or in leading a major economic ministry. She started Prime Minister Narendra Modi's first term as minister of state for finance, was made the commerce minister, and then became the defence minister.
In its guidelines for submission of initial public offer applications through a nationwide network of brokers, physically or electronically, market regulator Sebi has made provisions for payment of a commission to such brokers by the IPO-bound companies.
Implementation of the Seventh Pay Commission recommendations, One Rank, One Pension are the other triggers going ahead, analysts say
'Like people say in China they have legalised corruption. You have to pay commission for everything and commission is legalised. People say the same should be done in India, then corruption will not be a problem. It will be an acceptable route and bribes can be paid by cheque.' Badri Narayan, one of India's leading thinkers, in an outspoken interview.
The increase is in accordance with the accepted formula, which is based on the recommendations of the 6th Central Pay Commission.
The Monetary policy committe comprising 6 members voted 6-0 in the favour of the rate cut.
Fitch frowns at government pay hikes.
The Congress vice president wrote to Prime Minister Narendra Modi saying he was saddened at the decisions of the government taken in the last few weeks
Mumbaikars from different parts of the city are providing people with ready-to-grow seed balls to help tackle depleting forest cover, reports Swapnil Joglekar.
The Union cabinet has given its nod for the revision of salary and allowances of lieutenant governors of Union Territories and it will be on a par with that of the secretary to the government of India, an official statement said.
The aim is to reduce working expense by about 15 per cent.
The law of diminishing returns catches up as one goes up the ladder.
Officers responsible for preparing budgets say their detailed costing projections are mostly ignored. The defence ministry simply takes the previous year's budgetary allocations for each service and adds a small percentage to those.
There shall be two dates for grant of increment - January 1 and July 1 every year - instead of the existing July 1 only.
How could India@75 improve law and order, courts, social, physical and soft infrastructure, efficient cities, e-governance, ease of doing business and other essential state functions by 2022, asks Shailesh Pathak.
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.
'None other but the invincible chariot led by Modi and Shah could have taken up the challenge and won,' says Tarun Vijay.
The recommendations will benefit 47 lakh central government employees and 52 lakh pensioners.
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