The Committee on Allowances, headed by Finance Secretary Ashok Lavasa, is expected to present its review report to Finance Minister Arun Jaitley today.
The financial implication of revised allowances would be broadly in line with the 7th pay commission estimate of around R29,300 crore (including for the railways) in the first year.
The 7th Pay Commission had recommended a 14 per cent hike in salary to government officials, which has been accepted by the government.
A section of UP Transport Corporation employees are set to move the court seeking implementation of pending 7th Pay Commission recommendations.
To hear the grievances of the defence services related to allowances recommended by the 7th Pay Commission, the Anomaly Committee on allowances constituted for the 7th Pay Commission has provided for a direct hearing.
Fake Rs 2,000 bills are entering India through Bangladesh, three months after the newly minted banknote was introduced as an upshot of the central government’s demonetisation drive to fight corruption, counterfeiting and terrorist funding.
Seeking to create a global sized bank, the government on Wednesday gave a go-ahead to the merger plan of SBI and its five associate banks but did not take a decision with regard to Bharatiya Mahila Bank.
In step with government’s digital India drive, the Income Tax department is developing an app that will soon allow assessees to pay taxes or apply for PAN using smartphones.
Concern grows among central government employees over the non implementation of hike in allowances as the per the 7th Pay Commission report.
Around 10 lakh bank employees will go on a day long bank strike on February 28. The strike call is to demand criminal action against wilful defaulters and reimbursement of cost of demonetisation to the banks.
Central government employees found misusing Leave Travel Concession (LTC) will face disciplinary action, the Department of Personnel and Training (DoPT) has warned.
Tamil Nadu Politics Reaches Boiling Point – Supreme Court verdict in DA case Today.
NPS is a long term investment which is mainly done to accumulate wealth for your retirement, which is after 60 years of age and hence to be paid in the form of annuity.
Although the basic income tax exemption limit remains the same at Rs. 2.5 lakh, there are many exemptions available in the Income Tax Act.
Nearly 2.83 lakh central government jobs are estimated to be generated by next year. This projection has been made in the Union Budget for 2017-18