Tag: Finance Minister

The Jammu and Kashmir government on April 24 approved implementation of 7th Pay Commission’s recommendations and with this it becomes the first state in the country to do so resulting in 20 per cent average hike in the salary of its lakhs of employees. The implementation will have an additional burden of Rs 4,201 crore […]

Bhubaneswar: With lakhs of state government employees still waiting for their March salary in the middle of April, Odisha Finance Minister Shashi Bhushan Behera today said that a lightning strike has led to a technical glitch resulting in a delay in disbursement of salaries. As per reports, over 4 lakh State government employees have not […]

New Delhi/Bhubaneswar: The Centre has increased the salary of the Lieutenant Governors of Union Territories made it on a par with the emoluments of secretaries of the central government. The decision has been taken by the BJP-led central government at a meeting of the Union Cabinet presided by Prime Minister Narendra Modi on Wednesday. The […]

5:19-5:21 pm: Outlay of Rs 176 crore proposed for Special Development Councils in 9 tribal dominated districts; Rs 120 crore under Biju KBK Yojana 5:17-5:19 pm: For 2018-19 Odisha Finance minister Sashi Bhusan Behera proposes Rs 2,090 crore for disaster management including Rs 865 crore under SDRF, Rs 1000 crore under NDRF 05:12- 5:17 pm: […]

New Delhi/Bhubaneswar: Central government employees have been expecting a further hike in the minimum pay next month after several news related to a possible increase in pay were published in the media. However, it seems the expectations have been crushed again as reports are there that the Centre is not going to increase the minimum […]

New Delhi/Bhubaneswar: The Payment of Gratuity (Amendment) Bill was passed by the Lok Sabha on Thursday. The Bill, one passed, will enable the government to fix period of maternity leave and tax-free gratuity amount with an executive order. Meanwhile, the motive of government behind increasing the tax-free gratuity is an inclusive one. Moving the bill […]

New Delhi/Bhubaneswar: The end of the 2017-18 financial year is likely to bring in good news for the lakhs of government employees as reports are there that the Narendra Modi-led Central government is mulling to take a final call on the further hike in basic pay demand of the employees. It is believed that the […]

New Delhi/Bhubaneswar: In the history of pay commissions, the Central government employees would have never found themselves in such a catch-22 situation where they had to spend so much of their time pondering over its recommendations. Since the implementation of the 7th Pay Commission, resentment among the employees has been brewing; they are protesting, threatening […]

New Delhi/Bhubaneswar: The Central government employees will no longer get their salary and allowances ‘revised’ as per the recommendations of a pay commission in future as the Centre has “almost” decided not to form any pay commission in future. A top official in the Finance Ministry, on condition of anonymity, has confirmed that no new […]

New Delhi: The Lok Sabha on Friday passed a Bill that seeks to amend the Insolvency and Bankruptcy Code (IBC) to plug potential loopholes and prohibit “certain persons”, such as wilful defaulters, from submitting resolution plans to let them take charge of the company. The Insolvency and Bankruptcy Code (Amendment) Bill, 2017 was passed after […]

Bhubaneswar: After implementing the 7th Pay Commission recommendations, the State Government has taken a step forward to appease its employees post retirement as it agreed to provide death-cum-retirement gratuity to employees who were appointed post 2005. Amid speculation over the kind of benefit to employees post retirement, the government has started administrative processing to benefit […]

Bhubaneswar: The Odisha government’s tax collection amount has increased by 2.3% to Rs 3,735.14 crore this year after implementation of the Goods and Services Tax (GST), informed Finance Minister Sashi Bhusan Behera in the State Assembly. In the pre-GST regime, the State had collected Rs 3,691.28 crore during last year, the minister added. He, however, […]

Bhubaneswar: Congress MLA Prafulla Majhi today said that the party will move a privilege motion against Finance Minister Sashi Bhusan Behera for divulging the details of the supplementary budget ahead of the winter session of Odisha Assembly. “If the Finance Minister is disclosing the facts to be presented in the Assembly in public then it […]

Bhubaneswar: After rejecting the Centre’s plea to cut VAT on petrol and diesel by 5 per cent last week, the Odisha government on Tuesday said that it can only reconsider its decision if it is assured of an alternative source of income by the Central government. “For Odisha government it is not possible to reduce […]

Bhubaneswar: Chief Minister Naveen Patnaik on Thursday announced party spokesperson Pratap Deb as the party nominee for Rajya Sabha while former Finance Minister Pradip Amat will be the speaker of the State Assembly. Election of Pratap Deb during the RS by-poll on May 25 is a mere formality as BJD has a thumping majority in […]