Fri, Mar 16, 2018
It has been revealed that the 7th pay commission based payouts have affected the state's finances so much so that it has led to a revenue deficit in 2017-18 that is higher than the one that was projected. This was revealed by Finance Secretary K Shanmugam. How big is the Tamil Nadu revenue deficit? Well, while the previous Budget had projected a revenue deficit of Rs 15,930 crore, the revised estimate number is Rs 18,370 crore, BusinessLine reported.
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Thu, Mar 08, 2018
7th Pay Commission basic salary: According to the statement, the hike will benefit about 48.41 lakh central government employees and 61.17 lakh pensioners. It said that the combined impact on the exchequer on account of both DA and DR would be Rs 6,077.72 crore per annum, and Rs 7,090.68 crore in 2018-19 (for a period of 14 months from January, 2018 to February, 2019).
Tue, Jun 13, 2017
Finance Minister Arun Jaitley is likely to table the proposal for the revised allowance structure under the 7th Pay Commission at the Cabinet meet on June 14, Wednesday, and the move is likely to benefit nearly 50 lakh Central government employees.
Fri, Jun 02, 2017
Key Highlights
Thu, May 25, 2017
Demands for 7th Pay Commission allowances like HRA, DA and TA will be taken up by Cabinet Secretary on June 1, 2017. There are over 50 lakh central government employees who are waiting for revised salary under 7th Pay Commission.
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