7th Pay Commission

RBI leaves key rate unchanged; retains growth forecast at 6.7%

RBI raised the inflation estimate to 4.3-4.7 percent, from the earlier projection of 4.2-4.6 percent, for the second half of the current financial year.

Dec 06, 2017, 16:38 PM IST

7th Pay Commission: Pay hike bonanza for government employees of this state!

30 percent of the arrear would be paid as the first installment in April 2018.

Dec 04, 2017, 10:19 AM IST

Rahul Gandhi's 6th question to PM Modi is on 7th pay commission

In the run-up to Gujarat elections, Rahul has been launching a question at PM Modi daily

Dec 04, 2017, 09:22 AM IST

7th Pay Commission: Govt triples home loan limit for central govt employees to Rs 25 lakh

The move is going to benefit about 50 lakh central government employees across the country.

Nov 10, 2017, 13:08 PM IST

7th Pay Commission: DUTA urges govt to approve pay revision of non-teaching employees of universities, colleges

The Union Cabinet has approved the revision of pay scales for about eight lakh teachers and other academic staff in higher educational institutions under UGC and in centrally funded technical institutions.

Oct 12, 2017, 20:43 PM IST

7th Pay Commission brings Diwali bonanza for many: 10 points

Pay Commission was set up by Government of India to give recommendations regarding changes in salary structure of its employees.

Oct 12, 2017, 11:11 AM IST

7th Pay Commission: All you need to know

The recommendations benefit over 1 crore employees. This includes over 47 lakh central government employees and 53 lakh pensioners, of which 14 lakh employees and 18 lakh pensioners are from the defence forces.

Oct 11, 2017, 20:47 PM IST

7th Pay Commission: Narendra Modi Cabinet approves salary hike for over 7.5 lakh teachers in universities, colleges

Pravash Javadekar stressed that efforts should be made to attract talent into academics.

Oct 11, 2017, 19:54 PM IST

World Bank lowers India's growth forecast, warns govt on internal bottlenecks

India's economic momentum has been affected by disruptions from the withdrawal of banknotes and uncertainties around the Goods and Services Tax (GST), the World Bank said in its South Asia Economic Focus, a biannual economic update.

Oct 11, 2017, 10:59 AM IST

7th Pay commission: Tamil Nadu to implement recommendations soon

Advocate General Vijay Narayan submitted a division bench comprising justices K K Sasidharan and G R Swaminathan that a committee had been constituted to study the pay panel recommendations and its report was expected before September 30.

Sep 21, 2017, 19:42 PM IST

Rise in inflation likely to keep RBI on hold: Morgan Stanley

Retail inflation rose to 5-month high of 3.36 percent in August due to costlier vegetables and fruits.

Sep 14, 2017, 15:40 PM IST

DA hiked to 5% from 4% for central government employees

The DA/DR has been hiked by 1 percent over the existing rate of 4 percent of the basic pay/pension to compensate for price rise and it is in accordance with the accepted formula based on the recommendation of 7th pay commission, the statement said.

Sep 12, 2017, 17:14 PM IST

7th Pay Commission: Odisha to implement salary hike from Sept

Odisha government on Wednesday announced implementation of the Seventh Pay Commission recommendations in the state.  

Aug 30, 2017, 10:58 AM IST

'Odisha to implement 7th Pay Commission recommendations soon'

Notwithstanding its bad liquidity position, Odisha government is likely to implement the recommendations of the 7th Pay Commission for its employees and pensioners soon.

Aug 24, 2017, 15:30 PM IST

RBI to maintain "prolonged pause" before next rate cut: HSBC

The note comes two days after data showed that headline consumer price inflation (CPI) almost doubled to 2.36 percent for July from 1.54 percent in the previous month, and a day after the wholesale price inflation also shot up to 1.54 percent from being negative in the previous month.

Aug 16, 2017, 16:46 PM IST

Revenue expenditure projected to reduce to about 85% in 2019-20

The proportion of revenue expenditure in the total expenditure which is budgeted to be 85.6 percent in the current fiscal, is projected to be roughly the same in 2018-19 and decrease to 85 percent in 2019-20, according to the Medium-Term Expenditure Framework (MTEF) Statement tabled in the Lok Sabha on Thursday.

Aug 10, 2017, 19:46 PM IST

RBI aims to keep retail inflation near 4% on 'durable basis'

The RBI's Monetary Policy Committee (MPC) on Wednesday decided to reduce the repo rate -- at which it lends to banks -- by 0.25 percent to 6 percent.

Aug 02, 2017, 16:40 PM IST

7th Pay Commission: Armed forces' officials in peace stations to get ration allowances in cash

Armed forces' officials serving in forward bases will continue to get their free ration without any change while those posted in peace stations will be provided the benefit in cash.

Jul 27, 2017, 10:14 AM IST

DTC staff to get 7th Pay Commission salary hike

Delhi Lt Governor Anil Baijal on Wednesday approved a proposal by the government to implement the 7th Central Pay Commission recommendations in the Delhi Transport Corporation (DTC).

Jul 26, 2017, 19:43 PM IST

7th Pay Commission: Maximum Transport Allowance fixed at Rs 15,750 per month, minimum at Rs 900- key facts

The central government employees are set to get monthly Transport Allowance (granted to cover the expenditure involved in commuting between place of residence and place of duty) of up to Rs 15,750 from thier July month salaries.

 

Jul 15, 2017, 12:39 PM IST