Retail inflation shot up to nearly 2 year high of 6.07 per cent in July, well above the RBI's comfortable level, on surge in prices of food items as demand for sugar, oil & fats and spices rose ahead of the festival season.
Indian economy is showing "bright" near-term prospects, but reducing fiscal deficit to 3.5 percent of GDP in 2016-17 is a challenge because of additional liabilities on account of pay revision, the government said.
Encouraged by good show by manufacturing and capital goods sectors, the India's Industrial Production made a recovery in June.
Finance Minister Arun Jaitley told lawmakers on Friday that he would need more money in the current fiscal year to cover the cost of big pay rises for 10 million state workers and pensioners.
The government on Friday said it is not considering any proposal to extend the four-month deadline for disclosing domestic black money under the Income Disclosure Scheme (IDS), which ends on September 30.
Drilling holes into government claims of huge subsidy savings from direct benefit transfer (DBT), the CAG on Friday said only Rs 1,764 crore in subsidy was saved on LPG on account of the scheme and the bulk of Rs 21,552 crore was due to sharp fall in global prices.
The Assam Assembly on Friday passed the Goods and Services Tax (GST) Bill to rollout the new tax regime with a slew of preparatory action.
Activists welcomed the passage of a bill extending maternity leave from 12 weeks to 26 weeks in the Rajya Sabha and stressed the need to create awareness about its benefits so that the health of the newborn can be secured.
The Maternity Benefit (Amendment) Bill, 2016 was passed by voice vote by the House, even as some members sought norms for paternity leave also so that parents can share the responsibility of raising children.
All you should know about the Maternity Benefit (Amendment) Bill 2016.
A parliamentary panel has recommended to the railways introduction of a rationalised variable fare structure to compete with airlines and boost earnings.
There is no shortage of coal in the country and coal stock for 23 days is available with thermal power stations, Lok Sabha was informed Thursday.
The Maternity Benefit Act, 1961, protects the employment of women during the time of her maternity and entitles her of a full paid absence from work, to take care for her child.
At present, the President gets Rs 1.50 lakh per month, the Vice-President Rs 1.25 lakh while after the implementation of the 7th Pay Commission's awards, the Cabinet Secretary gets Rs 2.5 lakh per month.
Union Minister of Labour and Employment Bandaru Dattatreya on Thursday introduced in the Rajya Sabha the Maternity Benefit (Amendment) Bill, 2016, that seeks to increase maternity leave benefit for women from 12 to 26 weeks.
Union Finance Minister Arun Jaitley will on Thursday launch a data bank to gather information about micro, small and medium enterprises.
Zee Media Bureau
New Delhi: The Union Cabinet has given ex-post facto approval for amendments to the Maternity Benefit Act, 1961.
Cabinet has given ex-post facto approval to the amendments made to the Maternity Benefits Act, that aims to raise maternity leave for women from 12 weeks to 26 weeks.