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Latest Articles in 7th Pay Commission

June IIP To Be Anaemic At 0.3% On GST Destocking: BofAML

Before the implementation of Goods and Services Tax (GST), destocking was triggered largely owing to a steep fall in demand from consumers as they delayed purchases on expectation of getting better price post the new indirect tax regime

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Government staff to get hiked allowances from July: Finance ministry

Union Cabinet had approved recommendations of the CPC with 34 modifications concerning wages of government employees.

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Sensex Pushes Higher, Nifty Reclaims 9550, Ahead Of F&O Expiry

Speculators went about covering their short positions in anticipation of more reforms. Today (29 June) is the expiry of June futures and options derivative contracts.

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Government Approves Seventh Pay Panel Recommendations

The increased allowances, which comes into effect from July 1, 2017, is based on the recommendations of the Committee on Allowances (CoA).

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Investment Activity In India Likely To Revive In Mid-term: D&B

The investment cycle is likely to see an improvement in the medium-term, largely driven by improved rural income due to a normal monsoon and a rise in consumption owing to the Seventh Pay Commission awards, says a report

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Workers' Strike Hits Transport Services, Banks

Transport services were disrupted across India on Friday and state-run banks and insurance companies were shut as more than a million workers went on a strike, saying Prime Minister Narendra Modi was pursuing anti-labour policies

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Strike By 10 Trade Unions Begins; Transport, Banking To Be Hit

Essential services such as banking and transport are likely to be hit on Friday as 10 central trade unions go on one-day nationwide strike, protesting against "anti-worker" changes in labour laws and the Centre's "indifference" to their demands for better wages

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Ind-Ra Upticks GDP Forecast To 7.8%; Growth On But Not Speedy

Ind-Ra has revised India's economic growth forecast to 7.8 per cent for the ongoing fiscal on better monsoon, but said the economy is just 'chugging along' despite the euphoria emerging after the formation Modi government at the Centre

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Finance Minister Arun Jaitley Says More Money Needed To Fund Pay Rises

Finance Minister Arun Jaitley told lawmakers on Friday that he would need more money in the current fiscal year to cover the cost of big pay rises for 10 million state workers and pensioners

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How Pay Panel Recommendations Will Stoke Inflation

Inflation will remain moderate in the near term aided by normal monsoon but implementation of the seventh Pay Commission award could stoke prices, Moody's Investors Service on Tuesday

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Citi Keeps 2016-17 Growth At 7.7% On Monsoon, Pay Panel Award

Indian GDP is expected to expand at 7.7 per cent this financial year despite the fact that the pace of activity indicators slackened in April-June, says a Citigroup report.

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SBI Unveils Cheaper Home Loans To Tap Into 7th Pay Commission Bonanza

The bank will offer two new home loan products ‘SBI Privilege Home Loan’ for government employees and ‘SBI Shaurya Home Loan’ for defence personnel without any processing fee

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Seventh Pay Commission: Central Government Employees Unions Defer July 11 Strike

Central government employees' unions on Wednesday deferred by four months their proposed indefinite strike from July 11 against 7th pay panel's recommendations after government agreed to set up a high-level committee to look into their grievances

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Sensex Rallies 216 Points On Govt Wage Bonanza, GST Hopes

Shaking off Brexit jitters, market on Wednesday rallied nearly 216 points on the back of a string of government measures aimed at reviving the economy and talk that the GST Bill may be passed in the upcoming monsoon session of Parliament

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Pay Hike For Central Government Staff: What Impact It Will Have On The Economy

Implementation of the much- awaited pay hike for over 1 crore central government employees and pensioners will be a positive for the economy as it will push up consumption although its impact on inflation is likely to be moderate, economists say

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