Union Budget may toe the line on pay panel proposals

Railway Minister Suresh Prabhu's decision to accept the recommendations of the Seventh Central Pay Commission may leave little space for Finance Minister Arun Jaitley to delay or stagger the implementation of the recommendations of the commission in the Union Budget on February 29. Analysts and policywatchers say the defence ministry has also announced its expected pension outlay for FY17, making Jaitley's job to use this option to meet the fiscal deficit target of 3.5 per cent of the gross domestic product even more difficult.

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