Till now BARC and ISRO have enjoyed performance related incentives but the recent cabinet meeting has decided to cut it down to reduce extra burden on the economy.
Till now BARC and ISRO have enjoyed performance related incentives but the recent cabinet meeting has decided to cut it down to reduce extra burden on the economy. According to the sources, in a cabinet meeting headed by the state minister for space and secretaries from Bhabha Atomic Research Center and Department of Space it has been decided that now PRIS or Performance Related Incentive Scheme is not required since the scientists in these organizations are already getting the highest salaries in the country.
This was a budget that had to recapture the confidence of the people who lend national governments money.
Rachel Reeves has announced that salary-sacrificed pension contributions above an annual figure of £2,000 are to be subject to national insurance charges.
Almost a third of people affected by the "loan charge" could have their debts wiped away as the government attempts to draw a line under a tax scandal that has been linked to multiple suicides.
Rachel Reeves has announced £26bn worth of tax rises in her budget, including extending the freeze on personal income thresholds.
In at least two respects - one expected, the other not - this was a historic budget.
A headline tax-raising measure expected in today's budget is an extension of the freeze on income tax thresholds for another two years beyond 2028, which should raise about £8bn.
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