Officials said the agency placed the seven, including the relative of a government official, under arrest on Monday under provisions of the Prevention of Money Laundering Act.
Farm activists say low MSP is fine, if salaries revised under the Sixth Pay Commission are lowered.
The strike by a section of employees of Brihanmumbai Municipal Corporation for a pay hike was called off on Tuesday evening following "positive assurance" on the issue from the Maharashtra government, bringing relief to citizens affected by the stir.
In the present times of job uncertainties and layoffs, the lure of bureaucracy is clear.
RBI's likely focus will shift back towards the resolution of non-performing loans in the banking system for reviving credit demand
The government initiated the process for amendment to the Payment of Gratuity Act, 1972, which applies to establishments employing 10 or more persons.
Jaitley said India needed to grow by additional 1-1.5%.
BJP spokesperson Sambit Patra said that Gandhi is an immature leader and his immaturity provided a handle to Pakistan today to accused India.
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.
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.
'They should decide their allocation based on their risk appetite and age, and not valuations.'
'China need not worry about a truly 'resurgent India'.' 'It's not going to happen.'
With the One Rank One Pension scheme for military veterans set to be notified soon, officials of central paramilitary forces, too, may be in for good news soon as the government is to take a final decision on granting of "organised services" status to them.
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.
In an interview with Business Standard, days before the announcement of the Railway Budget for 2011-12, Financial Commissioner Samar Jha hopes that the railways would tide over the crisis soon, as the impact of the Sixth Pay Commission recomendations dissipates and earnings improve. Edited excerpts:
The RBI announced its monetary policy on Tuesday.
The government has introduced the Code on Wages Bill 2019 and the Occupational Safety, Health and Working Conditions Code Bill 2019 in Lok Sabha on July 23.
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.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
A combination of farm loan debt waivers by state governments and the implementation of the pay commission award could entail some fiscal slippages and pose a risk to inflation
Rajan retained the short-term lending rate at 6.5 and the cash reserve requirement of banks at 4 per cent.
Bhaichung Bhutia, India's iconic former football captain, is set to try his political luck again, this time in his native state of Sikkim, as he plans to contest the assembly elections due this year.
'We have seen a host of businesses across sectors generate economic value and wealth for investors.'
Farmers with land sizes less than 0.01 hectare have an average annual income of Rs 54732 and annual consumption of Rs 61296, thereby, a debt of Rs 6564 each year. Compare this with the minimum pay for a government employee, says Devanik Saha.
The chairman of the committee, A K Mathur, sought abolishment of the two-year edge accorded to the IAS officers for empanelment, compared to other services, saying it was an 'archaic concept'.
Currently, an IAS and IFS officer are accorded a pay advantage or financial edge.
In its submission to the Competition Commission of India, in response to a complaint filed by a travel agents body, DGCA said travel agents should be compensated by the airlines directly by paying commission, which should be a part of the fare itself.
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.
Nearly 800 employees started the strike on February 3 alleging gross mismanagement of funds by the top management and demanded a thorough audit of ICAI by comptroller and auditor general.
Former chief secretary Indu Kumar Pande, the chairman of the commission, has been left with only seven months to complete the recommendations.
A 35-year-old farmer from the Washim district in Vidarbha allegedly committed suicide after writing a suicide note addressed to Maharashtra Chief Minister Devendra Fadnavis drawing his attention to the agrarian crisis and plight of cultivators in the region.
The Jammu and Kashmir government invoked the Essential Services Maintenance Act in the state, as over 4.50 lakh employees went on a weeklong strike from Monday.
The monetary authority said it was worried on three fronts with regard to inflation as well as the economy.
ADB too had projected Indian's economic growth for current fiscal at 7.6 per cent
Analysts at Bank of America Merill Lynch said that fears of inflation getting "generalised" are overdone, as only two sub-categories of fuel and light and housing (accounting for 22 per cent of the basket) have seen a price-rise above the headline 5.2 per cent.
Pulses inflation remained stubborn at 35.56 per cent.
With the government raising the gratuity limit, it makes sense to negotiate for a higher basic salary to ensure a better payout.
Trade unions' had demanded 8.9 per cent interest rate.
High frequency indicators suggest that a growth recovery is underway, but very tentatively and with weak legs, says Saugata Bhattacharya.
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