Challenges before the Seventh Pay Commission : Central Government Employees
- by Raj Kumar Ray (Financial Express)
SUMMARY
Growth
has fallen in the last couple of years eroding revenue while inflation
remains stubbornly high. The new pay commission will have to factor in
both concerns
Why does the government appoint a pay commission every decade?
A
pay panel is appointed every decade to review and recommend the pay
structure for central government employees taking into account various
factors such as cost of living, inflation...
Tuesday, 18 February 2014
Highlights of Interim Budget 2014-2015
Highlights of Interim Budget 2014-2015
ONE RANK ONE PENSION ACCEPTED FOR DEFENCE SERVICES.
FISCAL DEFICIT FOR 2013-14 WILL BE 4.6 PERCENT OF GDP. CURRENT ACCOUNT DEFICIT (CAD) WILL BE PEGGED TO$45 BILLION.
FOOD INFLATION STILL THE MAIN WORRY. DECLINES SHARPLY FROM 13.6 PERCENT TO 6.2 PERCENT.
IN THE CURRENT YEAR, AGRICULTURE GROWTH UP AT 4.6 PERCENT.
MERCHANDISE EXPORT 2013-14 $ 326 BILLION, UP BY 6.3 PERCENT.
DEFENCE ALLOCATION UP BY 10 PERCENT.
GOVERNMENT WILL CONTRIBUTE RS. 1000 CRORE TO NIRBHAYA FUND.
BIG EXCISE RELIEF TO AUTOMOBILE...
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