The 8th Pay Commission is expected to commence its work in April of the financial year 2025-26. According to Expenditure Secretary Manoj Govil, the Union cabinet will need to approve the terms of reference (ToR) for the Commission. Input will be sought from the Ministry of Department of Personnel & Training and the Ministry of … Read more
Ahead of Budget 2025, there has been growing anticipation regarding potential reforms in the income tax structure, notably the discussion surrounding the introduction of inflation-adjusted basic exemption by tweaking the income tax slabs. Experts believe the government should adjust the tax slabs and also increase the limit of standard deduction and other exemptions, providing much-needed … Read more
New Delhi | Mumbai: The government appointed Indian Administrative Services (IAS) officer Sanjay Malhotra as the next governor of the Reserve Bank of India (RBI) for a three-year term, succeeding Shaktikanta Das, whose tenure ends Tuesday. Malhotra takes over at a time of high inflation and slowing growth amid calls for rate cuts to bolster … Read more
In the recently concluded meeting of the Monetary Policy Committee, chaired by Reserve Bank of India Governor Shaktikanta Das, the panel unanimously decided to keep the repo rate- the key lending rate- unchanged at 6.5 per cent for the fourth time in a row, also leaving its policy stance unchanged with focus on withdrawal of … Read more
Households’ median inflation perceptions for the current period moderated sequentially by 70 basis points to 9.7 per cent in January in its latest round of survey conducted by the Reserve bank of India. But the current period perception is still higher than the perceptions in the same period a year ago. Also, the perceptions continue … Read more