In a bonanza for 800,000 university teaching staff a week before Diwali, the Union cabinet on Wednesday approved revised pay scales that will see their pay packets go up between 22% and 28%. The revision is as per the recommendations made by the 7th Pay Commission, HRD minister Prakash Javadekar told reporters after a cabinet meeting chaired by PM.
Bihar deputy chief minister Sushil Kumar Modi, who heads the group of ministers (GoM) to look into the technical issues of Goods and Services Tax Network (GSTN), Thursday said petroleum products should be brought under the goods and services tax (GST).
Universal Basic Income, if implemented in India, can be a potent political tool for the Narendra Modi govt going into the 2019 Lok Sabha elections. Ahead of Union Budget 2018, the Narendra Modi-led government’s last full-year budget to be presented in February, the International Monetary Fund (IMF) has made a strong case for India adopting a fiscally neutral Universal Basic Income by eliminating both food and fuel subsidies.
The Afghanistan government has called off a meeting with a Pakistan delegation which deals with the implementation of a transit treaty on trade as the Kabul government wants India to be included in the deal, a report said.
Even as thousands of Rohingya Muslims are fleeing Myanmar to escape violence and persecution at the hands of the country’s military and police, the chief of India’s premier body on social sciences believes they should not be tolerated in India.
Industrial production grew at a nine-month high of 4.3 per cent in August, mainly on account of robust performance of mining and power sectors coupled with higher capital goods output, official data showed.
Finance minister Arun Jaitley said there is a strong case to real estate under the ambit of the GST, identifying it as one sector where maximum amount of tax evasion takes place.
Indian Air Force is all set to carry out full war drill on Agra-Lucknow Expressway at Bangarmau in Uttar Pradesh on October 24.
Life Insurance Corp. of India (LIC) has put in a major bid for shares of re-insurer General Insurance Corp. of India Ltd (GIC Re), in the latter’s ongoing initial public offering (IPO), said two people aware of the development.
The first diesel-electric locomotive built by US conglomerate General Electric as part of a USD 2.5 billion deal to supply 1,000 such engines to the Indian Railways has arrived in India.