The Appointments Committee of the Cabinet has approved designating Adhia as the Finance Secretary, the order issued by the Department of Personnel and Training said.

Most of the new capital will go down the drain as more than half a dozen PSBs are under the preventive corrective action (PCA) of the Reserve Bank of India.

Live updates from press conference being held by Finance Minister Jaitley.

The central government employees were paid arrears from January 1, 2016 on hike basic pay awarded to them in August 2016.

Like central government employees, those working with state governments are also set to receive a pay hike bny virtue of 7th CPC. Take a look at those states.

Finance Ministry instructed other ministries to come up with their Orders on Allowances governed by them so that the revised salaries reflect in the salaries of their employees.

This is expected to benefit 7.5 lakh central government employees working in low-ranking jobs.

As the Union Cabinet took a decision on the reformed allowance rates under the 7th Pay Commission, here's a look at how the story unfolded over the year.

Even as the country gears for the biggest tax reform with the roll out of the GST, the central government employees will be waiting for decision on a concern of their own - allowances under the 7th Pay Commission.

There is hope for a final decision on Wednesday as it is believed that Finance Minister Arun Jaitley discussed the matter with Prime Minister  Narendra Modi before the PM left for the three-nation tour.

The reforms have been awaiting Cabinet approval since they were handed over to Jaitley by Empowered Committee of Secretaries (E-CoS) on June 1.

The Cabinet is expected to approve allowance rates under 7th Pay Commission in its next meeting.

Many expected that the state government would implement the same in budget for year 2017-18 but that did not happen.

As Modi and Jaitley meet, the suspense remains as to when the allowances will be paid to the central government employees.

Government could increase the HRA to more than what the 7th pay commission has recommended, reports suggest.

Central government employees' allowances have been missed in two Cabinet meetings now.

The Cabinet decided to not discuss the matter as Jaitley, who was supposed to table the proposals for revised allowance rates, is on a 4-day trip to South Korea.

The wait for 7th Pay Commission has been endless. Central government employees, however, will be hoping for a final resolution to the allowances issue today with Finance Minister Arun Jaitley likely to table the proposals at the cabinet meeting.

The year-long wait might be over tomorrow, but the good news may come with a hint of disappointment.

Around 49 lakh central government employees have been expecting a hike in their paychecks for almost a year now.