Need to grow 1.5% faster to sustain wage hikes, sops: Arun Jaitley

Indian economy needs to grow by extra 1-1.5 percentage points to sustain wage hike and other benefits given to workers and the poor, finance minister Arun Jaitley said on Wednesday. “Our GDP growth of 7.5 per cent is at a time when the world is experiencing global slowdown. We need to increase our growth rate. […]

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Defence forces up in arms against 7th pay panel proposals

NEW DELHI: Weeks after the Seventh Central Pay Commission submitted its report, the armed forces are readying to sound the bugle of protest. Unhappy with the recommendations, a high-level triservices meeting on Thursday identified issues of immediate concern that the military brass will take up with the government. At the meeting at Air Headquarters, it […]

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25 basis points rate cut expected by RBI in February: BofA-ML

A day after the Reserve Bank held its rates unchanged, foreign brokerage Bank of America Merrill Lynch on Wednesday said it expects RBI will go for a 0.25% cut at the next review in February on inflation coming under control, lending rates being high and sagging growth. It also hinted that fears over the impact […]

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A Rare Consensus That Raghuram Rajan May Not Cut Repo Rate Today

Reserve Bank Governor Raghuram Rajan is likely to hold repo rate steady at 6.75 per cent, when he delivers his monetary policy in a short while from now. Here are 10 things to know ahead of Dr Rajan’s policy announcement: 1) There’s a consensus among all 45 respondents surveyed by Reuters that Dr Rajan will […]

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