Saturday, August 13, 2016

7th Pay Commission Pay hike needed more money: FM

Posted by Government Staff on 7:24 AM. ,,,,,,, - No comments

7th Pay Commission Pay hike needed more money: FM New Delhi: Finance Minister Arun Jaitley told lawmakers on Friday that he would need more money in the current fiscal year to cover the cost of 7th Pay Commission Pay hike for 10 million central government employees and pensioners. The government will require “some enhancement” for spending on salaries and pensions in 2016-17 to absorb the...

Panel to submit report on one regulator for pension products

Posted by Government Staff on 7:24 AM. ,,,,,,, - No comments

Panel to submit report on one regulator for pension productsMumbai: A panel formed by the government to look into the issue of bringing all pension products under one regulator is likely to submit its report shortly, a top official of pension watchdog PFRDA said today.At present, pension products are being regulated by multiple financial regulators like PFRDA, Sebi, Irdai and EPFO.However, Pension...

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