Builders to pay 10.9% interest for delay in house delivery
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Nov 02, 2016, 13:41 PM IST
7th Pay Commission: Government to vet revised pay of employees, recover the excess
The government has implemented the 7th Pay panel recommendation of a hike of 2.57 times in basic salary of employees with effect from January 1. It has paid about Rs 56,000 crore as wage arrears in August salary of employees.
Oct 06, 2016, 19:16 PM IST
7th Pay Commission: Panel award to spur savings more than consumption, says UBS
Global brokerage UBS has taken a contrarian line to the general view that the 7th Pay panel award would boost demand, saying the move is expected to drive savings more than consumption.
Sep 25, 2016, 14:14 PM IST
7th Pay Commission to help revive investment activity in India: D&B
Investment cycle is likely to see an improvement in medium-term largely driven by improved rural income due to normal monsoon and rise in consumption owing to the 7th Pay Commission awards, says a report.
Sep 19, 2016, 22:29 PM IST
7th Pay Commission: Durables, auto to gain from Rs 45,000 crore bonanza
Sales of consumer durables and automobiles are to set witness a significant surge in the next couple of months as the government is expected to disburse an initial amount of Rs 45,000 crore in August and September to implement the 7th pay panel recommendations, says a report.
Aug 08, 2016, 22:12 PM IST
7th Pay Commission: Retired central government employees to get minimum pension of Rs 9,000
Retired central government employees will now get a minimum pension of Rs 9,000, up 157.14 percent from the current Rs 3,500, following the implementation of the 7th Pay Commission's recommendations.
Aug 07, 2016, 11:36 AM IST
'7th Pay commission, GST to help increase demand in H2'
After witnessing a sluggish first half, FMCG firm Godrej Consumer Products Ltd (GCPL) expects demand to be better in the remaining period of the year with implementation of 7th Pay Commission and passing of GST likely to increase consumption.
Jul 31, 2016, 12:25 PM IST
7th Pay Commission: Central govt employees unions defer July 11 strike; panel to look into demands
Central government employees' unions 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.
Jul 07, 2016, 00:06 AM IST
7th Pay Commission: How it will benefit central govt employees and pensioners!
The cabinet chaired by Prime Minister Narendra approved the recommendation that will increase the salary of government employees by 23.55 percent while also raising the entry level pay to Rs 18,000 per month from the current Rs 7,000.
Jun 29, 2016, 20:07 PM IST
Good news! Pre-2006 central government retirees to get pension hike
Pre-2006 pensioners will now get a hike in pension, in addition to the arrears, as the Centre has done away with a provision of having 33-year service for earning full pension.
Apr 12, 2016, 16:36 PM IST
Seventh pay commission allocated Rs 70,000 crore in Budget 2016
As much as Rs 70,000 crore has been provisioned in the Union Budget 2016-17 for implementation of Seventh Pay Commission for government employees, a top finance ministry official said.
Mar 07, 2016, 16:20 PM IST
Govt to prioritise expenses; Pay Commission, OROP additional burden
Government will prioritise its expenditure as the outgo due to the 7th Central Pay Commission award and implementation of One Rank One Pension (OROP) for defence forces will lead to additional burden on the exchequer, Finance Minister Arun Jaitley said Monday.
Feb 29, 2016, 17:40 PM IST
Implementation of 7th Pay Commission to impact govt's fiscal math: Deutsche Bank
According to the global financial services firm, the government is likely to meet its fiscal deficit target for the fiscal but may settle for a higher fiscal deficit target of 3.8 percent for 2016-17.
Feb 14, 2016, 17:54 PM IST
From first to seventh Pay Commission: Know how much salary has increased
7th Pay Commission Report: Know how much salary of central government employees has increased over the years (From 1947 to 2016).
Nov 25, 2015, 13:57 PM IST
7th Pay Commission report: Five key innovative recommendations
Here are the 5 innovative recommendations of 7th Pay Commission report.
Nov 24, 2015, 12:38 PM IST
7th Pay Commission report: No annual increment for non-performing employees
The Pay panel has also recommended introduction of the Performance Related Pay (PRP) for all categories of central government employees.
Nov 22, 2015, 12:00 PM IST
Seventh Pay Commission recommendations to cost Rs 1.02 lakh crore to govt
The hefty increase in salary and allowances of central government employees and pensioners following the implementation of the 7th Pay Commission recommendations will put a strain on exchequer to the tune of Rs 1.02 lakh crore in 2016-17, or 0.65 percent of GDP.
Nov 19, 2015, 22:55 PM IST
SSC: 7th Pay Commission for gratuity, fully-funded 1-year course
Seeking to infuse more young blood into the armed forces via the Short Service Commission, the 7th Pay Commission Thursday recommended that they be paid gratuity and entitled to a fully-funded one-year course at a premier institute of higher learning.
Nov 19, 2015, 22:50 PM IST
Big bonanza for central govt employees: 7th Pay Commission proposes 23.55% hike in salary; minimum pay of Rs 18,000
In percentage terms, the overall increase in pay and allowance and pensions over the business-as-usual scenario will be 23.55 percent. Within this, the increase in pay will be 16 percent, in allowances 63 percent and in pension would be 24 percent.
For 23.5% Salary Hike, Minimum Pay of Rs. 18000:
Nov 19, 2015, 19:43 PM IST
90% employees complain about salary disparity: Survey
According to a survey by JobBuzz.In, the employer rating platform from TimesJobs.Com, employees believe their companies pay external hires and favourites more.
Sep 07, 2015, 15:04 PM IST
