Pay panel award to boost consumption, raise savings: Ind-RaMumbai: Implementation of 7th Pay Commission recommendations is expected to boost consumption by Rs 45,110 crore and increase savings by Rs 30,710 crore, India Ratings and Research (Ind-Ra) has said. On June 29, the Cabinet approved implementation of the pay panel, which has recommended an overall salary hike of 23.5 … [Read more...] about Pay panel award to boost consumption, raise savings: Ind-Ra
pay commission award
Pay commission award budgeted for in ministries allocations: Government
Pay commission award budgeted for in ministries allocations: Government With absence of an explicit overall provision for the Seventh Pay Commission in Budget raising questions, government today said the once-in-a-decade pay hike has been built in as interim allocation for different ministries and Budget numbers were credible. The voluminous Budget documents state that … [Read more...] about Pay commission award budgeted for in ministries allocations: Government
Pay Commission Award In This Budget
Pay Commission Award In This Budget The government will announce the 7th Pay Commission award in the this budget to facilitate central government employees salaries with regard to inflation, Finance Ministry official said Friday. Addressing the Consultative Committee attached to the Finance Ministry, Finance Minister Arun Jaitley said Friday, “During the financial year … [Read more...] about Pay Commission Award In This Budget
Government may defer implementation of pay commission award
Government may defer implementation of pay commission award The government is likely to defer of the 7th Pay Commission award in a bid to improve financial resource crunch estimated for 2016-17. The Union Cabinet approved last week the formation of an empowered committee of secretaries to work out ways for staggering the award through more than one financial … [Read more...] about Government may defer implementation of pay commission award
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