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New Delhi: 8th Pay Commission Latest Update: Prime Minister Narendra Modi on 16 January 2026 approved setting up the 8th Pay Commission which will result in revision of salaries of nearly 50 lakh central government employees and allowances of 65 lakh pensioners. Prime Minister Narendra Modi said that the government’s decision to constitute the eighth…
New Delhi: Following the cabinet approval for the formation of 8th Pay Commission latest update, the demand for payment of 18 months-pending Dearness allowance (DA) that had been frozen from January 2020 to June 2021, has yet again gained steam. Gopal Mishra, Secretary, NC JCM, had in a letter to the Ministry of Finance dated…
New Delhi: A long-term perspective on tax structure for different automotive technologies in India would aid the industry in product development which takes a lot of time and investment, according to Skoda Auto India Volkswagen MD and CEO Piyush Arora. Skoda Auto Volkswagen India Pvt Ltd (SAVWIPL) oversees the India operations of five Volkswagen Group…
Last Updated:January 19, 2025, 2:16 PM IST The Union Budget for 2025-26, set to be presented by Sitharaman on February 1, arrives amidst global economic uncertainties and moderating domestic growth. Budget 2025 Finance Minister Nirmala Sitharaman in the Budget for financial year 2025-26, needs to focus on capital expenditure and infrastructure spending to boost economic…
New Delhi: The government, in the ensuing Budget session of Parliament, is likely to introduce a new income tax bill which seeks to simplify the current I-T law, make it comprehensible and reduce the number of pages by about 60 per cent. Finance Minister Nirmala Sitharaman in her July Budget had announced a comprehensive review…
Finance Minister Nirmala Sitharaman will soon present the second full Budget of the BJP-led NDA government’s third term. The Budget for 2025 is expected to be presented on February 1 at 11 am. More than just a financial statement, the Union Budget serves as a reflection of the country’s economic performance in the previous year…
New Delhi17 minutes ago copy link In 2024, Finance Minister Nirmala Sitharaman had made a record of presenting the budget for the seventh consecutive time. The budget session of Parliament will run from January 31 to April 4, with Finance Minister Nirmala Sitharaman presenting her eighth consecutive budget on February 1. As per tradition, the…
New Delhi: The 8th Pay Commission, when implemented, will potentially increase salaries of Central government employees by 25-30 per cent and pensions proportionately, industry experts said on Friday. Since the last pay hike came into effect from January 1, 2016, the next salary should be revised from January 1, 2026 as the hike in salary…
New Delhi: As Finance Minister Nirmala Sitharaman prepares to present her eighth budget, Industry leaders have shared their expectations, highlighting the need for reforms across taxation, fiscal policies, and market operations. The experts advocated for taxation reforms to drive growth and inclusion. For the infrastructure spending and fiscal management, Aamar Deo Singh, SVP Research…
New Delhi: With food inflation having peaked out and the government trying to accelerate capex spending, the Indian economy is growing steadily and upcoming Union Budget and Donald Trump 2.0 hold key to market returns, according to a report on Monday. Rural demand is showing a sustained recovery. The festival and wedding season has provided…