Government likely to hike minimum pay Rs 20,000; not to abolish any advance, allowance

Government likely to hike minimum pay Rs 20,000; not to abolish any advance, allowance New Delhi: The government is likely to give minimum basic salary Rs 20,000 of central government employees while the Seventh pay commission recommended fixing the lowest at Rs 18,000 for the central government employees on its report which was submitted to Finance Minister Arun Jaitley on November 19 by Justice A K Mathur, who heads the seventh pay commission.An official of Expenditure Department Cell For implementation of Pay Commission recommendations said...

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7th Pay Commission award not to upset fiscal roadmap: RBI Governor

7th Pay Commission award not to upset fiscal roadmap: RBI Governor Mumbai: RBI Governor Raghuram Rajan today said the Seventh Pay Commission recommendations will not upset fiscal maths as additional expenditures will be offset by either surplus revenues or expenditure cuts.In the fifth bi-monthly monetary policy review for 2015-16, the Reserve Bank said the implementation of the Pay Commission proposals, and its effect on wages and rents, would be factored in by the RBI in its future deliberations.“In the broad sense, yes there is going to be...

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One Rank One Pension – Payments Expected to Start in January

One Rank One Pension – Payments Expected to Start in January The Ministry of Defence, meanwhile, is rethinking whether it should debar officers and men who go home before completing their tenure from the benefits of OROP. About 25 lakh armed forces veterans get their first enhanced pension under the One Rank One Pension Scheme, or OROP,  in January, top Ministry of Defence officials said. The enhanced pensions will cost the exchequer around Rs. 7,000 crore. The Ministry of Defence, meanwhile, is rethinking whether it should debar...

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