The new pay scale will come into effect from January 1.
The recommendations will benefit 47 lakh central government employees and 52 lakh pensioners.
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.
Lavasa will replace Rajan Watal, who retires on Saturday, even as the budgetary process is yet to be finally completed.
Shah said a BJP government would protect and promote the cultural heritage and values of tribals.
'Whatever happens in any part of the world affects us.'
Will the government now push to move away from what Mr Rajan has been doing in the last few years?
'He consulted widely, both formally and informally and acted quickly on pragmatic suggestions.' 'To his credit, Parrikar took the initiative to reduce excessive litigation against armed forces veterans and widow over small sums of pensionary and disability benefits,' points out says Brigadier Gurmeet Kanwal (retd).
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.
The Covid pandemic has left a question mark on how the central government manages its staff.
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
Analysis of the 7th Pay Commission's recommendations.
''Even without major reforms, with a business as usual scenario, and with current inflation trends, we should be clocking around 11 to 12 per cent nominal growth.' 'That is not happening and is a source of worry,' Rathin Roy tells Arup Roychoudhury.
It is only 'zero-cost' money from FPIs that is keeping the market afloat
Lack of new investments may undermine higher consumption
Broader markers outperformed their larger peers.
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.
The Budget has to provide for capex on roads, railways, defence and other infrastructure sectors.
We should work in unison to boost growth: FM
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.
Post the correction over the past one year, we are seeing opportunities across sectors.
Being mandatory, these recommendations will have to be immediately built into the Budget for 2015-16.
In July, IRS officers in Mumbai held an incendiary meeting where they criticised the alleged interference in 'operational matters' by the department of revenue.
'The domestic scenario is much better than earlier, demonstrated in the March quarter earnings.'
'The market position from here on is expected to go up'.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
Three key babus will make room for a new set of officers to carry the baton of Budget programmes.
Dealer despatches will probably be a good signal of economic turnaround or further deterioration, says Devangshu Datta.
The repo or short term lending rate remains unchanged at 6.75 per cent and the reverse repo rate at 7.75 per cent.
Capex for next year expected to be up 25% to Rs 3 lakh crore
Economists have cautioned that any deferment of the government's fiscal goals would prove counter-productive and raise the interest payment burden.
Lack of political consensus on economic reforms a key concern.
Managing Brexit, inflation and banking reforms, along with the political environment, will be tough.
Yogi Adityanath on Monday completed 100 days in office as Uttar Pradesh chief minister but it was a low-key anniversary with no big event to showcase the achievements of the government.
Inflation is down, growth is headed for recovery. RIL and subsidiary Jio are on an upswing. However, stressed loans and impending job losses are the dark clouds, says Devangshu Datta.
Assessing the shape of the Indian economy just a couple of days ahead of the Union Budget for 2016-17, Saugata Bhatacharya, senior vice president and chief economist, Axis Bank, speaks about his budget wishlist and suggests measures that can help finance minister Arun Jaitley achieve the targeted fiscal deficit of 3.5 per cent of India's gross domestic product.
PFRDA will invite bids to appoint pension fund managers.
