Wednesday, 29 June 2016
Monday, 27 June 2016
7th Pay Commission: Cabinet to decide final payout for central government employees on June 29
New Delhi: The much awaited seventh pay commission is going to enter the last phase of implementation soon.
The Union Cabinet is expected to take up the recommendations of the 7th Pay Commission on June 29.
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.
Subscribe to:
Posts (Atom)