Cabinet to decide final payout for central government employees on June 29
The much awaited
seventh pay commission is going to enter the last phase of implementation soon.
As per reports, Prime
Minister has directed Finance Ministry to implement the Pay Commission for
government employees, and place the Empowered Group of Secretaries report on
the central government employees' salary and allowances hike in the next
Cabinet meeting on Wednesday, June 29.
It is expected that
Empowered Group of Secretaries panel has raised the fitment factor to
around 2.7, up from 2.57 as recommended by the 7th Pay Commission.
The entry level salary is expected to rise to Rs 23,000, up from Rs 18,000
as recommended by the AK Mathur panel. Implementation of the Pay
Commission report is going to cost the government Rs 1.02 lakh crore.
The Commission
will revise the pay of nearly 47 lakh central government employees and 52 lakh
pensioners, which will be effective from January 1, 2016.
With the threat of
strike by central government employees looming large, the Cabinet is expected
to take a prompt decision on the recommendations resulting in notification.
The salary hikes
recommended are expected to apply from July.
Source Zee News