6th Pay Commission recommends 40 pc pay hike

The Sixth Pay Commission has submitted its report to the government, recommending a 40 per cent hike in salary for the Central Government employees.

The panel has recommended the revised pay be effective from Jan 1, 2006.

New Delhi, Feb 29 (ANI): Union Finance Minister P Chidambaram on February 29 is presenting the much- awaited General Budget for the fiscal 2008-09 in the Parliament. During his budget speech in the...

New Delhi, Mar 16(ANI): According to reports Finance Minister P Chidambaram has indicated that Reserve Bank of India or RBI may not cut interest rates to boost industrial production because of high...

Finance Minister, P Chidambaram, the US educated votary of free enterprise and unbridled economic reforms used to be a hard-core leftist arguing in favor of the command economy in the late 1960s....

Inaugurating a textile park in Coimbatore, India's finance minister P Chidambaram has said that the appreciating rupee is only a temporary phenomenon. In the past week the rupee has moved in a...

India's Finance Minister P. Chidambaram blamed the rising prices of the global crude oil as the factor for the rise in inflation in the country. The wholesale price inflation rate, India's most...

Attempting to calm down concerns over rising inflation that touched a 42-month high of 7.57 per cent, Union Finance Minister P Chidambaram has said that inflation would be "tamed" and food prices...

India's Finance Minister P Chidambaram has asked the state-run banks to ensure that productive sectors of the economy are not starved of credit. Chidambaram said that credit quality and credit...

The stock market crashed recording the sharpest ever fall of about 1,800 points within minutes of opening on fears of market regulator SEBI's move to curb overseas derivative but cut the losses by...