Page 521 - Bs Reporter

7th Pay Commission announces bonanza for central govt staff

The Commission has proposed a 23.55% hike in salary, allowances and pension for serving staff and pensioners

Staff protest hits RBI activity in morning, normalcy later

Employees' stir against Centre's intervention in RBI's autonomy and pension-related issues

Hindalco, Birla Carbon to raise $2.4-bn via bonds

Both companies looking to restructure loans

More e-commerce firms under ED lens

Delhi HC wants report in 4 weeks, on plea by footwear makers to ban such entities for breach of FDI rules

Two US law firms threaten class action law suit against Dr Reddy's

Company dismisses allegations about alleged misrepresentation of facts

India Inc's cheer to report muted

Harsh Mariwala, chairman, Marico Industries' said that it might not lead to any immediate uptake in demand in the fast-moving consumer goods (FMCG) sector

Tax sops for NPS on cards

The pay panel said it felt that tax neutrality should be ensured across various avenues for long-term savings for post-retirement incomes so that the employees covered by the NPS are not at a disadvan

Dissent on pay, position parity in bureaucracy

The chairman of the committee, A K Mathur, sought abolishment of the two-year edge accorded to the IAS officers for empanelment, compared to other services, saying it was an 'archaic concept'

Abolishing PlanCom 'harmful' to India: Manmohan Singh

Empowered panel on GST to meet on today

Proposed revenue-neutral rate, selection of new chief likely on agenda

Six states asked for drought-relief report

Pay panel recommendations to make an annual dent of Rs 28,450 cr on Indian Railways' expenditure

This is roughly 70% of the national transporter's budgeted wage bill of Rs 40,435 crore for the current financial year

RBI nod mandatory for buying 5% in private banks via convertible bonds

Domestic air traffic up 18% in October

Airlines fly 7 mn passengers, IndiGo leads with 36.8% maket share followed by Jet Airways-JetLite combine (21.2%)

CEA-led panel may suggest GST rate of 20-24%

Source say the panel report might be tabled as soon as tomorrow

India may fall short of wind power capacity addition target of 60 Gw by 2022: Ind-Ra

Windy states to draw IPPs in the wind sector

Govt plans dedicated portal to support innovative ideas

Under the scheme innovators can register themselves on the portal, and could then avail themselves of help, including funding

Rahul dares PM to jail him

Urges Modi not to use his cronies to 'throw mud' at him and his family

PM says pluralism one of India's social strengths

Eight coal blocks for auction by January

Mines from earlier auction to be operational by 2016, said Coal Secretary Anil Swarup