7th pay commission
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  • Govt employees of J&K, Ladakh UTs to get salaries as per 7th pay commission from October 31 Oct 22, 2019 12:39 PM IST

    Govt employees of J&K, Ladakh UTs to get salaries as per 7th pay commission from October 31

    Home Minister Amit Shah has approved the proposal of payment of all 7th CPC allowances to the government employees of Union Territory of Jammu and Kashmir and Union Territory of Ladakh, which shall come into existence from October 31.

  • Raj CM approves proposal to implement 7th Pay Commission in tech institutes Sep 21, 2019 07:05 PM IST

    Raj CM approves proposal to implement 7th Pay Commission in tech institutes

    The revised pay will be effective from January 1, 2017, as per the statement.

  • Govt approves 7th pay commission recommendations for teachers of technical institutions Jan 15, 2019 07:36 PM IST

    Govt approves 7th pay commission recommendations for teachers of technical institutions

    "This will directly benefit a total of 29,264 teachers and other academic staff of state government funded institutes. Besides, about 3.5 lakh teachers and other academic staff of private colleges or institutions within the purview of All India Council of Technical Education (AICTE) will also benefit from the approval," Union HRD Minister Prakash Javadekar told reporters.

  • Business confidence improves marginally in Oct-Dec quarter: Report Oct 24, 2018 04:16 PM IST

    Business confidence improves marginally in Oct-Dec quarter: Report

    For the October-December quarter of this year, the Dun & Bradstreet Composite Business Optimism Index stood at 79.5, registering an increase of 3.6 per cent as compared to the year-ago period.

  • HRA hike under 7th pay commission impacted CPI by 35 bps: Study Apr 25, 2018 04:40 PM IST

    HRA hike under 7th pay commission impacted CPI by 35 bps: Study

    "Ex-post analysis of CPI shows that the 7th CPC"s HRA increase pushed up headline inflation prints gradually from July 2017, with a peak impact of about 35 basis points (bps)," said the research paper titled 'Impact of Increase in House Rent Allowance on CPI Inflation'.

  • Govt extends 7th Pay Commission benefits to teachers of central, state varsities Oct 11, 2017 08:32 PM IST

    Govt extends 7th Pay Commission benefits to teachers of central, state varsities

    The move will benefit 7.58 lakh professors, assistant professors and others, HRD minister Prakash Javadekar told reporters.

  • Odisha to implement 7th Pay Commission recommendations soon: State FM Aug 24, 2017 02:55 PM IST

    Odisha to implement 7th Pay Commission recommendations soon: State FM

    Finance Minister S B Behera said "we have received the report from the fitment committee and the government is considering to implement the new pay scale for the employees soon."

  • June IIP to be anaemic at 0.3% on GST destocking: BofAML Aug 10, 2017 02:47 PM IST

    June IIP to be anaemic at 0.3% on GST destocking: BofAML

    Industrial output growth stood at 1.7 per cent in May. Before the implementation of Goods and Services Tax (GST), destocking was triggered largely owing to a steep fall in demand from consumers as they delayed purchases on expectation of getting better price post the new indirect tax regime, the report said.

  • 7th Pay Commission: States where it has been implemented Jul 12, 2017 06:59 PM IST

    7th Pay Commission: States where it has been implemented

    Uttarakhand was the first state government to accept the recommendations of the commission.

  • Air India divestment is approached with sense of urgency: Finance Secretary Lavasa Jun 29, 2017 01:11 PM IST

    Air India divestment is approached with sense of urgency: Finance Secretary Lavasa

    Air India divestment would be approached with a sense of urgency but would be premature to determine the course of events, said Finance Secretary Ashok Lavasa.

  • 7th Central Pay Commission: List of allowances approved by the Cabinet Jun 29, 2017 10:50 AM IST

    7th Central Pay Commission: List of allowances approved by the Cabinet

    The revised rates that will come in effect from 1 July 2017 will benefit over 47 lakh employees.

  • 7th Pay Commission: Govt may discuss hike in HRA and other allowances today Jun 28, 2017 12:30 PM IST

    7th Pay Commission: Govt may discuss hike in HRA and other allowances today

    The Ashok Lavasa-led committee, constituted to arrive at a consensus, had on April 28 suggested changes in some allowances applicable to central government employees and also for those in specific categories, including Railways and Defence.

  • 7th Pay Commission: Cabinet likely to clear higher allowance for Govt employees today Jun 07, 2017 04:01 PM IST

    7th Pay Commission: Cabinet likely to clear higher allowance for Govt employees today

    The Ashok Lavasa-led committee on April 28 had suggested changes in some allowances applicable to central government employees and also for those in specific categories, including railways and defence.

  • 'Upside risks to inflation exist, may deter RBI from rate cut' Apr 25, 2017 04:06 PM IST

    'Upside risks to inflation exist, may deter RBI from rate cut'

    D&B expects the CPI inflation to be in the range of 3.5- 3.7 per cent and WPI inflation to be 5.4-5.6 per cent during April this year. According to official data, retail prices jumped to a 5- month high of 3.81 per cent in March while WPI-based inflation slipped to 5.70 per cent in March.

  • Passenger vehicle sales in India to grow 7-9% in FY18: SIAM Apr 11, 2017 03:53 PM IST

    Passenger vehicle sales in India to grow 7-9% in FY18: SIAM

    However, increase in raw material costs and oil prices may negatively impact sales during the ongoing fiscal during which the number of new model launches will also remain low with cars likely to see more launches compared to utility vehicles, it added.

  • Government to announce revised allowances as per 7th Pay Commission in April Mar 30, 2017 04:57 PM IST

    Government to announce revised allowances as per 7th Pay Commission in April

    Central government employees may be in for some good news this April as revised allowances including house rent allowance (HRA) are likely to be announced after April 12, when the ongoing Budget session of Parliament gets over.

  • Govt seeks House nod for additional spending of Rs 11.35 lakh cr Mar 17, 2017 01:51 PM IST

    Govt seeks House nod for additional spending of Rs 11.35 lakh cr

    The rest will be matched by savings of the ministries/ departments or by enhanced receipts/recoveries aggregates.

  • Maruti's sales show the middle class unfazed by demonetisation Jan 30, 2017 02:33 PM IST

    Maruti's sales show the middle class unfazed by demonetisation

    Maruti, the country‘s top carmaker with a market share of close to 51 percent, clocked volume growth of 3.5 percent in the October-December 2016 quarter, well ahead of industry growth of 1.8 percent.

  • Guj govt approves massive pay hike for its fixed-pay employees Jan 18, 2017 08:22 PM IST

    Guj govt approves massive pay hike for its fixed-pay employees

    In a major benefit to over 1.18 lakh fixed-pay employees in Gujarat, the state government today approved a pay hike ranging between 63 and 124 per cent, which will reflect in their salaries from February 1.

  • FM to target fiscal deficit of 3.5% of GDP in FY18: BofA-ML Jan 06, 2017 01:50 PM IST

    FM to target fiscal deficit of 3.5% of GDP in FY18: BofA-ML

    According to global financial services major Bank of America Merrill Lynch, (BofA-ML) the financial year 2017-18 fiscal deficit target is likely to be the same as this fiscal.

  • Demonetisation, surgical strikes, GST Bill mark 2016 Dec 30, 2016 01:54 PM IST

    Demonetisation, surgical strikes, GST Bill mark 2016

    Assembly elections in TamilNadu, Assam, West Bengal and Puducherry brought landslide victories for the AIADMK, BJP, TMC and Congress respectively.

  • IDS II to fund Pay Commission, PSB recapitalisation: BofA-ML Dec 29, 2016 01:16 PM IST

    IDS II to fund Pay Commission, PSB recapitalisation: BofA-ML

    The government is expected to raise Rs 1,00,000 crore of additional taxes under the Income Disclosure Scheme II (IDS II), which in turn will help in containing the 2017-18 fiscal deficit, says a report.

  • Uttarakhand employees to get 7th Pay Commission hike from Jan Dec 18, 2016 04:42 PM IST

    Uttarakhand employees to get 7th Pay Commission hike from Jan

    Ahead of the Uttarakhand assembly elections next year, the state government has decided to implement recommendations of the 7th Pay Commission from January 1, official sources said.

  • BofA cuts FY17 growth forecast to 6.9% amid demonetisation Dec 01, 2016 01:00 PM IST

    BofA cuts FY17 growth forecast to 6.9% amid demonetisation

    India's GDP accelerated to 7.3 percent in the September quarter, pushed mainly by farm output, although the momentum may be hit in the coming months owing to demonetisation.

  • Honda Cars ties up with banks to limit demonetisation impact Nov 21, 2016 02:48 PM IST

    Honda Cars ties up with banks to limit demonetisation impact

    The Japanese car maker's arrangement with the three leading banks includes ex-showroom and on-road funding for its various models.

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