The government had in June accepted the recommendation of Justice AK Mathur-headed Seventh Pay Commission in respect of the hike in basic pay and pension but its suggestions relating to allowances were referred to the Ashok Lavasa committee.
The Reserve Bank of India had on January 30 ended all curbs on withdrawals from current accounts, cash credit accounts and overdraft accounts.
Arvind Subramanian also said that the bad bank will adopt all other options of resolution, including changing the promoters and management as well.
Economists polled by Reuters had expected last month's annual retail inflation to come in at 3.58 per cent, compared with 3.17 per cent in January.
Wholesale prices also rose by a more-than-expected 6.55 per cent in February year on year, compared with a 0.85 per cent fall a year ago, driven by fuel and food prices, according to separate data released earlier by the Ministry of Commerce and Industry.
In February, the weekly withdrawal limit per account was raised to Rs 50,000 from Rs 24,000.
CBEC Chairman also said that GST is being looked upon as bringing about a possible 1-2 per cent increase in GDP.
The gloomier set of numbers for incoming new business, as reflected in the hiring intention of the private sector in India, is the weakest such recruitment parameter globally.
The 1,186 projects in question include 287 that reported cost overrun and 336 time escalation.
Asked if he would ever advise any other economy to undertake such a drastic step as replacing 86 per cent of its currency, Desai replied, "I would advise other economies to try demonetisation, but (go for) better arrangements for introduction of new currency."
Imports of total finished steel in the first 11 months of the current fiscal declined by 38.5 per cent to 6.591 mt over same period of last year.
The statement comes days after the US Citizenship and Immigration Service announced a six-month-long suspension of premium processing of H-1B visa petitions.
The forums where appeals are pending includes Supreme Court, High Court, Customs, Excise and Service Tax Appellate Tribunal (CESTAT) and Settlement Commission.
These observations were made by the Comptroller and Auditor General of India (CAG) in a report tabled in Parliament today.
The factory output, measured in terms of Index of Industrial Production (IIP), had contracted by 0.1 per cent in December on account of cash crunch following demonetisation of high value currency notes.
The unions have demanded HRA at the rate of 30 per cent, 20 per cent and 10 per cent.
Post demonetisation, the government has come up with new 500 and 2,000 rupee notes with added security features.