Don’t miss the latest developments in business and finance.

Pay Commission

Chief secretaries of 18 states and union territories appeared before the Supreme Court on Tuesday over alleged non-implementation of the Second National Judicial Pay Commission's (SNJPC) recommendations on payment of pension arrears and retirement benefits to judicial officers. The top court took note of compliance affidavits of states and union territories like Madhya Pradesh, Tamil Nadu, Meghalaya, Himachal Pradesh, West Bengal, Bihar, Odisha, Kerala and Delhi and ordered the closure of proceedings against them. A bench comprising Chief Justice of India (CJI) D Y Chandrachud and Justices J B Pardiwala and Manoj Misra said the chief secretaries and finance secretaries of states which have complied with the top court's directions on payment of arrears relating to pay, pension and allowance to judicial officers need not appear before the court any more. "We have (find) no pleasure in calling the chief and finance secretaries of the states, but consistently the counsels of states have

Updated On: 27 Aug 2024 | 12:51 PM IST

Various railway employee unions had been at the forefront of protests against the NPS and the demand for the restoration of OPS

Updated On: 26 Aug 2024 | 9:21 PM IST

The government has received two representations for the constitution of the 8th Central Pay Commission, but no such proposal is currently under consideration, Parliament was informed on Tuesday. The 8th Pay Commission is due for implementation on January 1, 2026. "Two representations have been received for constitution of 8th Central Pay Commission in June 2024. No such proposal is under consideration of the government, at present," Minister of State for Finance Pankaj Chaudhary said in a written reply in the Rajya Sabha. Usually, the pay commission is constituted by the Central Government every 10 years to revise the remuneration of government employees. The 7th Pay Commission was constituted in February 2014. Its recommendations were implemented from January 1, 2016. In order to compensate central government employees for erosion in the real value of their salaries on account of inflation, dearness allowance (DA) is paid to them and the rate of DA is revised periodically every si

Updated On: 30 Jul 2024 | 11:05 PM IST

All high courts must have a 2-judge committee to oversee orders on pay, pension and other retirement benefits for judicial officers as per the Second National Judicial Pay Commission recommendations

Updated On: 10 Jan 2024 | 4:20 PM IST

Observing that there is a need to maintain uniformity in service conditions of judicial officers across the country, the Supreme Court has directed the constitution of a two-judge committee in each high court for overseeing the implementation of the orders on pay, pension and other retirement benefits for judicial officers as per the Second National Judicial Pay Commission. A bench headed by Chief Justice of India (CJI) DY Chandrachud said Judicial independence, which is necessary to preserve the faith and confidence of common citizens in the rule of law, can be ensured and enhanced only so long as judges are able to lead their life with a sense of financial dignity. "The conditions of service while a judge is in service must ensure a dignified existence. The post-retirement conditions of service have a crucial bearing on the dignity and independence of the office of a judge and how it is perceived by society. If the service of the judiciary is to be a viable career option so as to .

Updated On: 10 Jan 2024 | 12:50 PM IST

Cabinet approves to increase dearness allowance by 4 per cent for all the central government employees and pensioners. The DA has been increased to 46 per cent from 42 per cent

Updated On: 18 Oct 2023 | 5:01 PM IST

Employees and pensioners working under the Fifth Pay Commission in Rajasthan will get an increased dearness allowance from January 2023. Chief Minister Ashok Gehlot has approved the proposal in this regard, an official statement said. According to the proposal, an increase in the rate of dearness allowance has been approved for state employees and pensioners working under the Fifth Pay Commission and Rajasthan Civil Services (Revised Pay) Rules, 1998. From January 1, 2023, the rate of dearness allowance will be increased from 396 per cent to 412 per cent to such state employees and pensioners. From January 2023 to March 2023, the amount will be deposited in the general provident fund account of the concerned employees. While the pensioners will get the increased dearness allowance in cash. Gehlot has approved the proposal of the Finance Department for this. The statement said that personnel and pensioners working under the Fifth Pay Commission will benefit from this decision of the

Updated On: 06 Jul 2023 | 5:06 PM IST

Due to the sheer size of the workforce, govt employees often go on strike, especially in election season, to have their demands met

Updated On: 17 Jan 2023 | 10:10 AM IST

The Central Information Commission has directed the Prime Minister's Office to "revisit" its refusal to disclose under the RTI a 14-year old report by a Group of Ministers led by former External Affairs Minister Pranab Mukherjee on pay and pension of armed forces personnel on grounds that it was "highly sensitive". The directive came after the RTI applicant told the panel that substantial portions of the report that were termed "highly sensitive" and "prejudicially affecting the sovereignty and integrity of India" by the PMO, have already been declassified and disclosed by the Defence Ministry. Through his RTI application dated January 31, 2021, S Y Savur had sought the copy of the report submitted by Mukherjee on December 19, 2008 for then Prime Minister Manmohan Singh's approval and copy of the approval along with file notes, office memorandum along with all relevant information that "preceded" the approval. The PMO had refused to disclose the report and other documents, calling t

Updated On: 01 Nov 2022 | 6:44 PM IST

What are the key takeaways from Reliance AGM? Why are Indian tourists flocking abroad? Will markets dip more on Fed's hawkish chorus? What is pay commission? All answers here

Updated On: 30 Aug 2022 | 8:00 AM IST

Dearness Allowance for govt employees are like stopgap arrangements between two pay commission recommendations. Know what exactly a pay commission is and why are they so important for millions?

Updated On: 30 Aug 2022 | 7:00 AM IST

The government is not considering setting up 8th Pay Commission for central government employees, Minister of State for Finance Pankaj Chaudhary informed Lok Sabha on Monday. "No such proposal is under consideration with the government for constitution of 8th Central Pay Commission for the central government employees," Chaudhary said in a written reply to a question if the government proposes to ensure timely constitution of Pay Commission for central government employees so that it could be implemented on January 1, 2026. ln order to compensate central government employees for erosion in the real value of their salaries on account of inflation, dearness allowances (DA) is paid to them and the rate of DA is revised periodically every six months on the basis of rate of inflation as per All lndia Consumer Price lndex for Industrial Workers released by Labour Bureau under the Ministry of Labour & Employment, he said. The government had set up 7th Pay Commission in February, 2014. ...

Updated On: 09 Aug 2022 | 10:57 AM IST

An increase in minimum pay from Rs 6,950 to Rs 18,000 per month, was recommended

Updated On: 04 May 2021 | 7:50 PM IST

Finance Minister Nirmala Sitharaman said festival advance was discontinued from 6th Pay Commission for central government employees

Updated On: 12 Oct 2020 | 1:55 PM IST

Home Minister Amit Shah has approved the proposal of payment of all 7th CPC allowances to the government employees of Union Territory of Jammu and Kashmir and Union Territory of Ladakh

Updated On: 22 Oct 2019 | 1:55 PM IST

Banks have rolled out car financing schemes including up to 100% financing, lower interest rates and processing charges

Updated On: 21 Sep 2016 | 12:43 AM IST

Committee would submit its report to state govt in 6 months

Updated On: 18 Jul 2016 | 6:59 PM IST

The representatives of the employees unions had earlier conveyed to the Centre that they did not want it to approve the CPC's recommendations on allowances without examining them further

Updated On: 07 Jul 2016 | 12:43 AM IST

The resentment stems from the widespread belief that civilian officials are whittling away at their relative status

Updated On: 24 Mar 2016 | 12:13 AM IST