Important news !
Quotes from informed sources :
" The fiscal space will be severely restricted in 2016-17 due to additional expenditure commitments. there will also be boost to many individual tax-payers through the 7CPC , so additional incentives may not be required in the Budget "
" The Finance Ministry tries to balance the additional spending of nearly 1,40,000 Crores on the implementation of 7CPC report and OROP scheme in 2016-17 while maintaining its fiscal deficit targets and boosting public investments in infrastructure. "
7CPC– Implementation not before June !? – Though, the matter may become clearer when Finance Ministry announces the details on implementation, and that is expected to happen before Budget 2016-17 in February. Government is likely to accept the recommendations of the 7CPC and offer salary hikes to Central Government Employees not before June 2016.
Government unlikely to Announce DA in January. Reason : If the DA announced in January is higher than 125%, Government will be compelled to revise the new salaries.
Tax Benefits unlikely for individuals in Budget.Quotes from informed sources :
" The fiscal space will be severely restricted in 2016-17 due to additional expenditure commitments. there will also be boost to many individual tax-payers through the 7CPC , so additional incentives may not be required in the Budget "
" The Finance Ministry tries to balance the additional spending of nearly 1,40,000 Crores on the implementation of 7CPC report and OROP scheme in 2016-17 while maintaining its fiscal deficit targets and boosting public investments in infrastructure. "
7CPC– Implementation not before June !? – Though, the matter may become clearer when Finance Ministry announces the details on implementation, and that is expected to happen before Budget 2016-17 in February. Government is likely to accept the recommendations of the 7CPC and offer salary hikes to Central Government Employees not before June 2016.
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