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Ajeet Kumar

Leads the business and technology team at Zeenews.com. His expertise lies in commodities, agriculture, markets, personal finance and socio-political economy of India. 

Cabinet passes resolution on GST, calls it game-changing reform

The Union Cabinet on Thursday passed a resolution expressing gratitude to Chief Ministers of States and others for their cooperation in introduction of GST.

7th Pay Commission: Cabinet to take final call on HRA, allowances on June 28; will govt employees get arrears for 17 months?

The Narendra Modi Cabinet is likely to put an end to year-long wait of central government employees for allowances, including HRA (House Rent Allowance) by taking final call on the proposal in its next meeting on June 28.

7th Pay Commission: Final decision on allowances, arrears next week; will government retain existing rates of HRA

The Narendra Modi Cabinet is likely to put an end to year-long wait of central government employees for allowances including HRA by taking final call on the proposal in its next meeting next week.

 

Modi Cabinet approves sops for farmers; slashes crop loan interest by as much as 4%

The Union Cabinet on Wednesday approved the interest subvention scheme (ISS) for the year 2017-18 which will help farmers getting short term crop loan up to Rs 3 lakh payable within one year at only 4 percent per annum.

Cabinet approves proposal for bill to deal with bankruptcy in financial sector

The Bill would provide for a comprehensive resolution framework for specified financial sector entities to deal with bankruptcy situation in banks, insurance companies and financial sector entities.

 

7th Pay Commission: Final decision on allowances soon; will govt employees get maximum HRA hike of up to 178 percent?

If the government retains the exiting HRA rates (as per 6th Pay Commission) then the HRA component of central government employees will increase ranging between 157 percent and 178 percent.

 

India's economy gets double dose of good news; industrial output rises 3.1%, inflation hits record low of 2.18%

India's industrial production grew by 3.1 percent in April due to good performance of electricity, mining and manufacturing sectors, as per data released by Central Statistics Office (CSO).

7th Pay Commission: Final decision on allowances today; govt employees may suffer monthly HRA loss of up to Rs 15,000

As far as House Rent Allowance (HRA) is concerned, the central government employees may suffer a monthly loss of up to Rs 15,000, if the government accepts the bare recommendations of AK Mathur panel on allowances.

India must be an engine of global growth: PM Narendra Modi

Our aim is that India must be an engine of growth as well as an example in climate friendly development in the years to come, Prime Minister Narendra Modi said on Tuesday.

7th pay commission: Check out maximum and minimum HRA city-wise if govt accepts bare recommendations of AK Mathur-led panel

The Empowered Committee of Secretaries (E-CoS) set up to screen the 7th Central Pay Commission (CPC) recommendations on allowances will place the proposal before the Cabinet on this Wednesday.

7th Pay Commission: How changes in pay matrix, IOR will benefit government employees

Know the changes in the recommendations of the Seventh Central Pay Commission in respect of both defence and civil pay matrix and Index of Rationalisation (IOR).

 

GST rates for services finalised: Education, healthcare to be exempted; telecom, financial services to attract 18% tax

The GST Council finalised four tax rates of 5, 12, 18 and 28 percent to apply on services including telecom, insurance, hotels and restaurants under the biggest tax reform since the Independence.

GST rates finalised; food grains to be cheaper, 5% tax on sugar, tea, edible oils

Only 19 percent of goods will be taxed above 18 percent while 81 percent of items will fall under below 18 percent GST rate slabs.

7th Pay Commission: Revision of pension of pre-2016 pensioners- how to calculate

The minimum pension with effect from January 2016 will be Rs 9,000/-per month (excluding the element of additional pension to old pensioners) while the upper ceiling on pension/family pension will be 50% and 30% respectively of the highest pay in the government (the highest pay in the government is Rs 2,50,000 with effect from January 2016).

7th CPC: Bihar Pay Commission submits report, Nitish govt likely to hike employees’ salaries by 14%

Around 4.5 lakh Bihar government's employees and 3.5 lakh pensioners are likely to get 14 percent hike in salaries after implementation of Bihar state Pay Commission report.

7th Pay Commission: Will government employees get maximum monthly HRA hike of Rs 48,000 from next month?

The central government employees are likely to get maximum monthly hike in house rent allowance (HRA) by up to Rs 48,000 from June.  

7th Pay Commission: When will govt employees get minimum HRA hike of Rs 4,320 per month?

The Empowered Committee of Secretaries (E-CoS) set up to screen the 7th Central Pay Commission (CPC) recommendations on allowances is likely to firm up the proposal in next 15 days for approval of the Cabinet.

7th Pay Commission: Modifications in pension revision formula, pay structure, pay matrices- Full statement

Must read the full statement of Finance Ministry dated May 04 - a day after the Union Cabinet approved modifications relating to modifications in the 7th CPC (Central Pay Commission) recommendations on pension revision formula, pay structure and pay matrices of central government employees and pensioners including armed forces.

7th Pay Commission for defence personnel: Key concerns of armed forces resolved by the Modi govt

The government has agreed in-principle to address three major grievances of the armed forces relating to their salary structure including providing pay protection to those getting promotion from the rank of brigadiers.

 

7th Pay Commission: Bonanza for 55 lakh pensioners! Cabinet approves changes in pension revision formula

The modified formulation will be beneficial to more pensioners than the first formulation recommended by the 7th CPC, which was not found to be feasible to implement on account of non-availability of records in a large number of cases and was also found to be prone to several anomalies. 

7th Pay Commission allowances: What next after submission of Lavasa panel report

If the government accepts the bare recommendations of A K Mathur-led 7th Pay Commission then the HRA component of central government employees will increase ranging between 106 percent and 122 percent.

7th Pay Commission allowances: Where government employees will get maximum HRA- know city-wise

The committee on allowances has reportedly given its view in favour of AK Mathur-led 7th Pay Commission recommendation, regarding decrease in house rent allowance (HRA) by 2-6 percent depending on type of cities.

7th Pay Commission allowances: Panel submits report to FM Jaitley; govt employees set to get HRA hike of up to 178%

The 10-month long wait of central government employees and pensioners for allowances is about to end as the Narendra Modi government is expected to  announce a maximum HRA hike of up to 178 percent for them soon.

PM Modi flags off Rs 2,500 UDAN flight scheme: All you need to know

Prime Minister Narendra Modi on Thursday flagged off the first UDAN flight under Regional Connectivity Scheme (RCS) on Shimla-Delhi route.

7th Pay Commission: Will panel on allowances propose HRA hike of up to 178 percent?

The committee on allowances headed by Finance Secretary Ashok Lavasa is likely to recommend a maximum hike of 178 percent in house rent allowance by retaining HRA rate for Class X, Y and Z cities and towns at 30 percent, 20 percent and 10 percent of basic pay respectively.