15th Finance Commission Report As per 15th Finance Commission Report, the MoD has been examining various possibilities of reforms in defence pension, as deliberated by relevant Parliamentary Committee. The extract of Para 11.66 is reproduced below:- 11.66 The MoD has been examining various possibilities of reforms in defence pension, as deliberated by relevant … [Read more...] about 15th Finance Commission Report defence pension, mulling separate NPS for armed forces, increasing the retirement age of POBR
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GDP
CBDT releases Direct Tax Statistics
CBDT releases Direct Tax Statistics Constant growth in direct tax-GDP ratio over last three years Growth of more than 80% in the number of returns filed in the last four financial years Number of persons filing return of income has also increased by about 65% during this period from 3.31 crore in FY 2013-14 to 5.44 crore in FY 2017-18 22 OCT 2018 Continuing the practice … [Read more...] about CBDT releases Direct Tax Statistics
Defence Expenditure
Ministry of Defence Defence Expenditure 07 MAR 2018 There has been a consistent increase in Defence Expenditure every year over previous year, as is brought out in the table below, providing the details for the last three years as well as the current year. Defence expenditure as a percentage of GDP is also given in the table below: (Rs. in crore) Year Defence … [Read more...] about Defence Expenditure
Centre Government To Cut 25 Percent Government Jobs
Centre Government To Cut 25 Percent Government Jobs New Delhi: Department of Personnel and Training (DoPT) sources verified on condition of anonymity that 25 percent full-time central government jobs will be cut. It is an attempt to improve the country’s financial health system, the sources added that the job cuts are needed to sustain the government’s … [Read more...] about Centre Government To Cut 25 Percent Government Jobs
GST rollout from July 1 to make goods cheaper: Jaitley
GST rollout from July 1 to make goods cheaper: Jaitley New Delhi: Hopeful of the GST rollout from July 1, Finance Minister Arun Jaitley today said it will create one of the world's biggest single markets and make commodities cheaper and tax evasion difficult. Speaking at the 23rd Conference of the Commonwealth Auditor General, Jaitley said India has hugely a non-tax … [Read more...] about GST rollout from July 1 to make goods cheaper: Jaitley
Cabinet approves merging of Rail budget with Union Budget
Cabinet approves merging of Rail budget with Union Budget New Delhi: In a major overhaul, the Cabinet today approved advancing presentation of the annual Budget by a month, scrapped over nine decade old tradition of having a separate Railway Budget and removed classifications for expenditure to make the exercise simpler. With a view to get all the legislative approvals … [Read more...] about Cabinet approves merging of Rail budget with Union Budget
Union Cabinet granted Seventh Pay commission recommendations
Union Cabinet granted Seventh Pay commission recommendations The Cabinet has cleared all recommendations made by the Seventh Pay Commission report that will result in about 23.55 percent overall increase in salaries, allowances and pension for more than 1 crore government staff and pensioners. The move is expected to give a big boost to the economy as consumption demand … [Read more...] about Union Cabinet granted Seventh Pay commission recommendations
On 7th Pay Commission implementation, private investment, Air India and more, here’s what govt is mulling over
On 7th Pay Commission implementation, private investment, Air India and more, here’s what govt is mulling over Besides the government staff, economic analysts are keenly awaiting when and how the Centre will implement 7th Pay Commission award, which has implications for government finances (with estimated outgo of Rs 74,000 crore in FY16) as well as on … [Read more...] about On 7th Pay Commission implementation, private investment, Air India and more, here’s what govt is mulling over
7.6% GDP says govt policies, reforms showing results: Finmin
7.6% GDP says govt policies, reforms showing results: Finmin New Delhi: The Finance Ministry today said the projected 7.6 per cent growth rate for current fiscal is satisfactory and is a reflection of the policies and reform measures undertaken by the government in last 19 months. “Overall, what is important is the direction of the numbers… There is improvement in the … [Read more...] about 7.6% GDP says govt policies, reforms showing results: Finmin
7th Pay Commission – Government to Factor in Payout of 7th CPC in Deficit Targets
7th Pay Commission – Government to Factor in Payout of 7th CPC in Deficit Targets “The government will not be generous in the pay out this time as they already are facing pressures from various fronts like disinvestment and poor direct tax collections,” said Dharmakirti Joshi, currently the chief economist at CRISIL. 7th Pay Commission – Government to Factor in Payout of … [Read more...] about 7th Pay Commission – Government to Factor in Payout of 7th CPC in Deficit Targets
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