Cabinet is likely to
take up 7th Pay Commission recommendations for Central Government employees on
June 29
Cabinet is likely to
take up 7th Pay Commission recommendations for Central Government employees on
June 29
The Cabinet is likely
to take up Seventh Pay Commission recommendations for government employees on
June 29.
Implementation of new
pay scales recommended by the 7th Pay Commission is estimated to put an
additional burden of Rs 1.02 lakh crore on the exchequer annually.
Finance Minister Arun
Jaitley had in his Budget for 2016-17 provisioned Rs 70,000 crore towards
Seventh Pay Commission awards, which is around 60 per cent of the incremental
expenditure on salaries.
The Pay Commission’s
recommendations are due from January 1, 2016.
The central government
constitutes the pay commission every 10 years to revise the pay scales of its
employees. The Commission was set up by the UPA government in February 2014 to
revise remuneration of about 48 lakh central government employees and 55 lakh
pensioners.
Source : NDTV Profit