In a bonanza for more than one crore government representatives and pensioners, the Union bureau on Wednesday endorsed the usage of the 7th Pay Commission, which had prescribed a general climb of 23.5 percent. Finance Minister Arun Jaitley tweeted soon after the meeting of the Cabinet headed by Prime Minister Narendra Modi.
Congrats to focal government officers, representatives and beneficiaries on a memorable ascent in their pay and remittances through the seventh CPC (Central Pay Commission).
It wasn’t however known quickly if the bureau had bettered the trek prescribed in pay and remittances of almost 50 lakh government representatives and 58 lakh beneficiaries. An authority said the bureau has endorsed usage of the proposals from 1 January, 2016.The compensation board had in November a year ago suggested 14.27 percent climb in essential pay at junior levels, the least in 70 years. The past sixth Pay Commission had prescribed a 20 percent climb which the legislature multiplied while executing it in 2008.
In the wake of considering the expansion proposed in remittances, the climb in compensations comes to 23.55 percent. The 23.55 percent general climb in compensations, remittances and annuity would involve an extra weight of Rs 1.02 lakh crore or almost 0.7 percent of the GDP, to the exchequer. The section level pay has been prescribed to be raised to Rs 18,000 every month from current Rs 7,000 while the greatest pay, drawn by the bureau secretary, has been settled at Rs 2.5 lakh for each month from current Rs 90,000.
While the Budget for 2016-17 monetary did not give an unequivocal procurement to execution of the seventh Pay Commission, the administration had said the once-in 10 years pay climb for government workers has been implicit as between time portion for various services. Around Rs 70,000 crore has been provisioned for it, the authority said.
News Source – firstpost