Jul 07, 2017 03:03 PM IST
In a bonanza to central government employees, the Union Cabinet had last month approved recommendations of the CPC with 34 modifications, which will mean an additional annual burden of Rs 30,748 crore on the exchequer.
- Apr 06, 2017 04:15 PM IST
"For 2017-18, inflation is projected to average 4.5 per cent in the first half of the year and 5 per cent in the second half," said the RBI's first bi-monthly monetary policy statement for 2017-18.
- Mar 15, 2017 09:20 AM IST
Besides, the bill seeks to enable the central government to change the ceiling for tax free gratuity after factoring in rise in income levels by an executive order bypassing Parliament route to amend the law.
- Feb 22, 2017 01:54 PM IST
Chief Minister Edappadi K Palaniswami announced constituting a five-member panel headed by Additional Chief Secretary, Finance, K Shanmugam for this purpose.
- Oct 04, 2016 09:48 AM IST
It is for the first time in the history of the country that the Central government led by Prime Minister Narendra Modi has in a time-bound manner decided to implement the recommendations of the 7th Pay Commission, an official release issued here quoted him as saying.
- Jun 07, 2016 12:10 PM IST
Consumer Price Index (CPI) based retail inflation excluding food and fuel edged up in April. Services inflation also remained elevated on account of house rents, water charges, tuition fees and taxi/auto fares.
- Feb 29, 2016 04:44 PM IST
In his Budget speech today, the Finance Minister said the government has been able to improve its budgeted expenditure due to revenue buoyancy in the current fiscal, despite a steep cut in central share of taxes.
- Feb 25, 2016 08:04 AM IST
"Minimum Pay needs to be revised to Rs 26,000 per month and the minimum pay of Rs 18,000 as recommended by 7th CPC is not acceptable," said Minutes of the meeting of Joint Secretary (IC) with the members of the Staff-side of the Standing Committee (National Council-JCM).
- Feb 02, 2016 08:00 PM IST
Moreover, investors looking at APAC/GEMs are largely unaware of any such policy shift or haven't realised the full impact as they are looking at the CPC narrowly from central government's fiscal perspective, said Gautam Chhaochharia, Head of India Research, UBS, and author of the report.
- Feb 28, 2014 07:23 PM IST
The Commission, it said, will make its recommendations within 18 months of the date of its constitution.