Thu, May 02, 2024
8th Pay Commission Latest News: In the recommendations of the 7th Pay Commission, the fitment factor was kept at 2.57 times.
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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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