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RBI had issued a notification saying that the withdrawal limit of cash from savings bank accounts will be relaxed to Rs. 50,000 from February 20

Fin Min tells ministries to give revised pay from July 1 under CPC

Revised allowances will benefit 34 lakh civilian employees and 14 lakh defence personnel.

7 July 2017 3:48 PM IST

The income-tax department had booked Mr Bhandari under the new act, called the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. (Photo: PTI)

Central govt staff to see 106-157 per cent hike in HRA from July

According to Jaitley, this decision is set to benefit more than 7.5 lakh 1-3 levels of government employees.

4 July 2017 4:31 PM IST

Refinancing needs are manageable for most corporates in 2017, given their better access to the capital markets and large cash balances.

Secretaries' panel to decide on HRA proposals today

Employees' union has demanded an HRA of 30 per cent, 20 per cent and 10 per cent of their basic salary.

29 May 2017 3:11 PM IST

Cabinet Secretary Pradeep Kumar Sinha (left) with his predecessor Ajith Seth in New Delhi.

Cabinet Secy assures fast decision on allowance report

Lavasa Committee has proposed a House Rent Allowance of up to 30 per cent of basic salary.

25 May 2017 11:54 AM IST

RBI had issued a notification saying that the withdrawal limit of cash from savings bank accounts will be relaxed to Rs. 50,000 from February 20

Decision on 30 pc House Rent Allowance likely today

Empowered Committee of Secretaries to discuss today allowance structure for central govt employees.

24 May 2017 1:15 PM IST

Banks received 3 trillion rupees ($44.4 billion) of 500- and 1,000-rupee notes over the last four days.

IDS II to fund Pay Commission, PSB recapitalisation

Under this scheme, black money hoarders would have time until March-end to come clean by paying 50 per cent tax.

29 Dec 2016 1:23 PM IST

Finance Minister Arun Jaitley

Cabinet nod likely for govt staff's revised allowance

The Lavasa committee had submitted its report to finance minister Arun Jaitley on April 27.

14 Jun 2017 2:33 AM IST

RBI had issued a notification saying that the withdrawal limit of cash from savings bank accounts will be relaxed to Rs. 50,000 from February 20

Modi cabinet to decide on 7th Pay Commission's revised allowances

Central government employees are currently waiting for a positive response from the government.

13 Jun 2017 6:15 PM IST

As per the data, food inflation basket contracted to 0.56 per cent in January, negative growth second time in a row.

Cooling food inflation to pull June CPI to sub-2 pc: BofAML

RBI left key interest rate unchanged as it wanted to be more sure that inflation will stay subdued.

13 Jun 2017 2:41 PM IST

Finance Minister Arun Jaitley

7th Central Pay panel revises allowances for employees; in effect from...

The 7th Pay Commission suggested abolition of 53 allowances. Of these, the govt decided not to do away with 12...

29 Jun 2017 9:01 AM IST

Finnace Minister Arun Jaitley

7th Pay Commission: Revised allowances for govt employees get Cabinet...

The Union Cabinet had not been able to take a decision on this matter in its last meeting on June 7.

28 Jun 2017 7:06 PM IST

RBI had issued a notification saying that the withdrawal limit of cash from savings bank accounts will be relaxed to Rs. 50,000 from February 20

7th Pay Commission: Top basic pay Rs 2.5 lakh; HRA Rs 60,000

At present, there are as many as 43 lakh central govt employees and 53 lakh pensioners.

24 April 2017 4:15 PM IST