Govt intends to retain NPS in view of heavy fiscal stress on account of implementing Old Pension Scheme - Finance Ministry writes to other Ministry
7th Pay Commission: Centre to raise minimum pay from current Rs 18,000 to Rs 20,000 ahead of 2019 elections
The government has decided not to go ahead with Air India stake sale in an election year and will provide required funds for its operations, a senior official said today.
This would obviate the time consuming process - two to four years - of constituting a Central Pay Commission and the approval of its recommendations by the government once every 10 years.
In the budget 2018 speech, Arun Jaitley introduced various tax changes which will come into effect from April 1 this year.
The government is mulling not to form any Pay Commission for increasing salaries and allowances after the 7th Pay Commission.
After lingering the issue of 7th Pay Commission for months if Jaitley is planning to form a new committee, it shows the government’s intention of just playing with emotions.
As controversy arose over the Income Tax Act provision about granting exemption from income tax to political parties, finance minister Arun Jaitley issued a statement on Saturday night clarifying that this provision is 35-year-old.…