Indian Military Veterans Highlights of Railway Budget 2016-17 in Questions and Answers Format (Q & A Format) Ministry of Railways...
Mar 4, 2016
How to calculate your revised pay with 7th CPC Pay Calculators?
Indian Military Veterans How to calculate your revised pay with 7th CPC Pay Calculators? “Our 7th CPC Pay and Allowances Calculator...
Task Force To Rationalise Central Government Staff
Indian Military Veterans Prime Minister Narendra Modi has constituted a five-member task force to rationalise central government staff a...
7th Pay Commission: Modi government to implement salary hike in FY 2016-17
Indian Military Veterans Zee Media Bureau New Delhi: The Budget documents state that the implementation of the Sev...
Mar 3, 2016
7th Pay Commission expressed its regret about transition from OPS to NPS
Indian Military Veterans 7th Pay Commission expressed its regret about transition from Old Pension Scheme to New Pension Scheme i...
Recovery of wrongful and excess payments made to Government servants – Dopt orders on 2.3.2016
Indian Military Veterans F.No.18/03/2015-Estt. (Pay-I) Government of India Ministry of Personnel, Public Grievances & Pen...
File photo. Economic affairs secretary Shaktikanta Das said the number cannot be quantified and it has been built up in budget of various ministries. Photo: PTI File photo. Economic affairs secretary Shaktikanta Das said the number cannot be quantified and it has been built up in budget of various ministries. Photo: PTI New Delhi: With absence of an explicit overall provision for the 7th Pay Commission in budget raising questions, government on Wednesday said the once-in-a-decade pay hike has been built in as interim allocation for different ministries and budget numbers were credible. The voluminous budget documents state that “the implementation of the Seventh Pay Commission due from January 1, 2016 is to be implemented during the financial year 2016-17 as also the revised One Rank One Pension scheme for Defence services.” “The government has made provisions for the additional liabilities on these count,” it said, without giving the amount allocated for implementation. Economic affairs secretary Shaktikanta Das said the number cannot be quantified and it has been built up in budget of various ministries. “We cannot really quantify how much we require in 2016-17. Because the Committee of Secretaries have to first give its recommendations, then govt will take a decision and then only we will know what is the requirement in FY17,” he said in New Delhi. Implementation of the pay commission report is to cost the government Rs.1.02 trillion. “We have the Pay Commission recommendations with us, we have analysed the likely requirement and it has been built into the Budget of various ministries. Some suitable interim provisions have been made,” he said without elaborating. “Hence the expenditure and revenue numbers are credible.” Das said finance minister Arun Jaitley in his budget speech stated that interim provisions have been made. “And these provisions are there in the Demands for Grants for individual departments and ministries. It is built into and subsumed into those allocations.” “The Budget reaffirmed the commitment of the government to continue with the process of fiscal consolidation as projected in the Medium Term Fiscal Policy Statement of 2015-16 despite a tough external environment,” the budget documents said. Accordingly, fiscal deficit has been projected at 3.5% of the GDP in 2016-17. “In accordance with the amended FRBM targets, the fiscal deficit of 3 per cent is projected to be achieved in 2017-18 onwards.” “Keeping in view the challenge of reduction of fiscal deficit by 0.4 per cent of GDP in a difficult year in 2016-17 with substantial additional liabilities on pay revision etc, the government is quite optimistic of fully achieving the fiscal deficit target of 3 per cent or below by March 2018,” the documents said. PTI TOPICS: 7TH
Indian Military Veterans File photo. Economic affairs secretary Shaktikanta Das said the number cannot be quantified and it has been bui...
Govt of India issues guidelines on recovery of excess amount from employee
Indian Military Veterans The issue of recovery of excess amount from pensioners and employees has remained quite vexed since the past...
Mar 2, 2016
7th Pay Commission expressed its regret about transition from OPS to NPS
Indian Military Veterans 7th Pay Commission expressed its regret about transition from Old Pension Scheme to New Pension Scheme in its ...
CGEGIS Table 2016 – Finmin issued tables of Benefits for the savings fund for the period from 01.01.2016 to 31.12.2016
Indian Military Veterans No.7(1)/EV/2014 Government of India Ministry of Finance Department of Expenditure New Delhi, Dated the 26th ...
Meeting with Cabinet Secretary on 1st March
Indian Military Veterans No commitment from official side so far. Empowered Committee of Secretaries headed by Cabinet Secretary has hel...
7th Pay Commission, OROP: 'Burden of pay hike yet to be assesed'; Govt to prioritise expenses
Indian Military Veterans New Delhi, Mar 1: In what may be a good news for the central government employees, Finance Minister Arun Jaitle...
Exp:55%
