Seventh Pay Commission

A sharp increase in salaries for government staff and pensioners in India

A sharp increase in salaries for government staff and pensioners in India

June 30, 2016

The Union Cabinet in India accepted the Seventh Pay Commission’s recommendations to increase salaries and pensions for 4.7 million employees and 5.3 million pensioners in the country, which could boost the Indian economy. Demand for housing, automobiles and consumer durables is...

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India becomes a $2 trillion dollars economy

India becomes a $2 trillion dollars economy

June 1, 2016

The acceleration of growth in the 4th quarter – January-March, at 7.9% has powered the Indian economy that has crossed the symbolic mark of a 2 trillion dollars economy, at INR exchange rate of around 67 dollars. On the whole, in 2015-2016, India grew at 7.6%, boosted by th...

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