Impact of 7th pay commission very different from last one With investments sluggish and unlikely to pick up for another year or two, many are now betting on a recovery in consumption demand to bump up GDP. The feeling is falling interest rates will prompt purchases of homes and cars, and that central government employees could turn out to be big buyers once their bank … [Read more...] about Impact of 7th pay commission very different from last one
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7th Pay Commission to offer realistic view on salaries and allowances
Seventh Pay Commission to offer realistic view on salaries and allowances The Sixth pay commission was constituted in 2006 and in the normal course, the government was expected to announce the next pay commission after a gap of 10 years. The fifth came in 1996. But with the UPA government’s image battered by a spate of corruption scandals, the date had been advanced by … [Read more...] about 7th Pay Commission to offer realistic view on salaries and allowances
Seventh Pay Commission: Employees’ delight, government’s despair
Seventh Pay Commission: Employees’ delight, government's despair New Delhi: The Seventh Pay Commission report is awaited, the new pay scales will be applicable to Central government employees with effect from January 2016. 50 lakh central government employees and 56 lakh pensioners including dependents hope to get this gift from April next year. The revised pay scales are … [Read more...] about Seventh Pay Commission: Employees’ delight, government’s despair
Pros and cons of One rank one pension scheme
Pros and cons of One rank one pension scheme New Delhi, Feb 5: One Rank One Pension 'OROP' implies equal amount of pension for having served in the same rank and also having rendered the same length of service. For an example, a Sepoy who retired in 1995 would get the same amount of pension as the one who retired in 1996. Pay commission makes thing … [Read more...] about Pros and cons of One rank one pension scheme
Union Budget Summary 2013
Union Budget Summary 2013 The Union Budget for 2013-14 aims at ‘higher growth leading to inclusive and sustainable development.’ With this as mool mantra, the Finance Minister Shri P Chidambaram has sought to increase allocation to key areas and provide incentives for investments and savings while containing the fiscal deficit to 4.8% of GDP. Presenting the Union Budget … [Read more...] about Union Budget Summary 2013
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