November 23, 2017:

The pay hike will be applied from January 1, 2016 and benefit 31 SC judges, 1,079 HC judges and 2,500 retired judges.

On Wednesday, a Senior Minister stated that Union Govt. will set up next finance commission, bring an ordinance to tweak India’s Insolvency and Bankruptcy code, and begin Procedure of increasing salaries of the Supreme Court and High Court judges.

Union Finance Minister Arun Jaitley stated that,“We have given an in-principle approval to setting up 15th Finance Commission and its terms of reference”.

Finance Commissions are set up to work out formula by which revenues will be shared between Union Govt. and States.

Arun Jaitely further added that,“The exercise is likely to be different this time due to the GST”.

Law Minister Ravi Shankar Prasad further stated that pay hike will be in effect from January 1, 2016 and will cover 31 SC judges, 1,079 HC judges and 2,500 retired judges.

Finance Minister stated that an ordinance will be sent to President to amend Insolvency and Bankruptcy code.

Union Cabinet has approved a new wage policy for 8th round of the wage negotiations for the workmen in the Central Public Sector Enterprises.

 

New schemes to help women empowerment, announcing rollout of “Pradhan Mantri Mahila Shakti Kendra” in the States and Districts. Government will set aside Rs 3,084 crore for programme, which will also involve extension of the schemes meant to help women and girl children.

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Source - ptinews.com