Date : 29.06.2016
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7th Pay Commission latest news today: Cabinet clears 23.5 per cent salary hike; implementation from July 1
The 23.5 salary hike is inclusive of allowances. The rise in basic pay is only 15 per cent. This is the lowest ever increase in salary recommended by any pay commission.
By Mohammed Uzair Shaikh on June 29, 2016 at 1:07 PMEmail
New Delhi, June 29: The much awaited salary hike of government employees will now be implemented. The Union Cabinet on Wednseday cleared the revised report prepared by Empowered Committee of Secretaries under Cabinet Secretary P K Sinha. The earlier recommendations of Justice A K Mathur led committee have been substantially increased. Government employees receive a salary hike of 23.5 per cent. An equal hike has been announced for pensioners. The hike would be implemented from July 1.
The 23.5 salary hike is inclusive of allowances. The rise in basic pay is only 15 per cent. This is the lowest ever increase in salary recommended by any pay commission. However, even this nominal pay hike would impact the exchequer by Rs 1.02 lakh crores. Finance Minister Arun Jaitley had earlier provisioned Rs 70,000 crore in the Annual Budget to meet the expenditure of increased pay. However, the tax net would be increased to meet the escalating expenditure.
As per the revised recommendations of Secretaries Panel, the minimum salary has been increased to Rs 18,000, whereas, the maximum salary has been capped at Rs 2,50,000.
However, the recommendations of 7th pay Commission has not pleased the a section of Union employees who are planning to go on strike. Most among them include the blue collared workers who had demanded the minimum salary to be pegged at Rs 26,000. The workers of Indian Railways, India Post and defence factories are contemplating the option of going on a strike from July 11.
Source : www.india.com
Home»News» India
7th Pay Commission latest news today: Cabinet clears 23.5 per cent salary hike; implementation from July 1
The 23.5 salary hike is inclusive of allowances. The rise in basic pay is only 15 per cent. This is the lowest ever increase in salary recommended by any pay commission.
By Mohammed Uzair Shaikh on June 29, 2016 at 1:07 PMEmail
New Delhi, June 29: The much awaited salary hike of government employees will now be implemented. The Union Cabinet on Wednseday cleared the revised report prepared by Empowered Committee of Secretaries under Cabinet Secretary P K Sinha. The earlier recommendations of Justice A K Mathur led committee have been substantially increased. Government employees receive a salary hike of 23.5 per cent. An equal hike has been announced for pensioners. The hike would be implemented from July 1.
The 23.5 salary hike is inclusive of allowances. The rise in basic pay is only 15 per cent. This is the lowest ever increase in salary recommended by any pay commission. However, even this nominal pay hike would impact the exchequer by Rs 1.02 lakh crores. Finance Minister Arun Jaitley had earlier provisioned Rs 70,000 crore in the Annual Budget to meet the expenditure of increased pay. However, the tax net would be increased to meet the escalating expenditure.
As per the revised recommendations of Secretaries Panel, the minimum salary has been increased to Rs 18,000, whereas, the maximum salary has been capped at Rs 2,50,000.
However, the recommendations of 7th pay Commission has not pleased the a section of Union employees who are planning to go on strike. Most among them include the blue collared workers who had demanded the minimum salary to be pegged at Rs 26,000. The workers of Indian Railways, India Post and defence factories are contemplating the option of going on a strike from July 11.
Source : www.india.com
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