It collected ₹2,000 crore in revenues in April, while it needs ₹2,500 crore to pay salaries of government employeesDespite the ordinance, the government will end up borrowing money
3 min read30 Apr 2020HC said it was a vested right of every individual to receive salary for work discharged, refuting claims that the state has powers under the Disaster Management Act to deny salaries
2 min read28 Apr 2020The 7th Pay Commission report urged states to calibrate the speed and extent of their awards depending on their fiscal condition
3 min read7 Jul 2016Arun Jaitley says the seventh pay commission award will cost the exchequer Rs1.14 trillion ($16.88 billion) in 2016/17
1 min read29 Jun 2016Confederation of Central Government Employees on Wednesday said the 7th Central Pay Commission's recommendations are not acceptable in view of the prevailing economic conditions
1 min read29 Jun 2016The Seventh Pay Commission had recommended 23.55% overall hike in salaries, allowances and pension for government employees
1 min read29 Jun 2016Considering the tight fiscal position this year, the government may improve upon the Pay Commission recommendation for basic pay to 18% or at best 20%, a senior official said
1 min read29 Jun 2016The Pay Commission report may come up for approval by the Cabinet as early as June 29 after Committee of Secretaries submits report
1 min read27 Jun 2016Why India should aim to increase its tax to gross domestic product ratio
1 min read2 Dec 2015The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared