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The Union Cabinet on Wednesday extended the benefits of the Seventh Pay Commission for the teaching faculty of central and state universities and aided colleges. (Photo: PTI)

7th Pay Commission: Benefits to be extended to central, state...

The revised pay that will come into effect from January 1, 2018 will reflect a hike between Rs 10,000 and Rs 50,000.

12 Oct 2017 4:51 AM GMT

India will work with Japan to make long-term liquefied natural gas (LNG) import deals more affordable for its price-sensitive consumers. (File Photo)

India, Japan to team up to get more flexible LNG deals

India and Japan will also look at establishing LNG spot price indices that reflect true supply and demand.

12 Oct 2017 4:15 AM GMT

Prakash Javadekar (Photo: PTI)

7th pay commission: 7.58 lakh university, college teachers to get...

The revision will enhance teachers' pay in the range of Rs 10,400 and Rs 49,800, and will be applicable from Jan 1,...

11 Oct 2017 3:17 PM GMT

According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

Government plans to set up anti-profiteering body

The proposed authority will have powers to investigate complaints of profiteering.

3 Oct 2017 8:26 PM GMT

The GST Council cleared nil rate on live asses, mules and hinnies while placing live horses under the 12 per cent bracket.

GST anti-profiteering body: Govt to examine contours tomorrow

A four-member Standing Committee, comprising tax officials of the Centre and states, has already been set up to receive...

3 Oct 2017 11:11 AM GMT

Indian Finance Minister Arun Jaitley speaks at a event organized by US-India Strategic Partnership Forum and FICCI in Boston (Photo: PTI)

Cabinet approves India's membership for EBRD

EBRD's core operations pertain to private sector development in their countries of operation.

22 Nov 2017 11:38 AM GMT

Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

Cabinet nods amendments to insolvency and bankruptcy code

The Finance Ministry had earlier asked banks to ensure that wilful defaulters were prevented from buying same stressed...

22 Nov 2017 11:27 AM GMT

Union Law Minister Ravi Shankar Prasad. (Photo: PTI/File)

Cabinet takes care of customers' benefit, passes GST anti-profiteering...

The government did away with restrictions on the export of all kinds of pulses to help farmers get better prices for...

16 Nov 2017 8:45 PM GMT

The Union Cabinet on Wednesday gave its ex-post facto approval to the trade agreement between India and Ethiopia.

Cabinet gives ex-post facto approval for India-Ethiopia trade pact

The pact was signed on October 5 during the state visit of the president of India to Ethiopia.

1 Nov 2017 8:49 AM GMT

Modi government is considering hiking the basic salary of central government employees to Rs 21,000.

Cabinet approves 78 days productivity-linked bonus for railway...

The financial implication of payment of 78 days' PLB to railway employees has been estimated to be Rs 2,245.45 crore.

20 Sep 2017 12:22 PM GMT

Responding to a question, Jaitley said a proposal to extend the decision to public sector undertakings was under active consideration of the government. (Photo: PTI)

Govt to take 'additional measures' to tackle economic growth: Jaitley

The Finance Minister also announced the merger and modernisation of 17 Government of India Presses.

20 Sep 2017 11:20 AM GMT

Indian Prime Minister Narendra Modi attends the Dialogue of Emerging Market and Developing Countries on the sideline of the BRICS Summit in Xiamen, China, on Sept 5, 2017. (Photo: AP)

Dearness allowance hiked to 5 per cent from 4 per cent

Cabinet also approves introduction of Payment of Gratuity (Amendment) Bill, 2017 in Parliamnet.

12 Sep 2017 12:07 PM GMT