Government Approves 7th Pay Commission Hikes

The Union Cabinet on Wednesday approved the recommendations made by the 7th Pay Commission, which is likely to see a higher increase in the basic pay by nearly 15 percent for over one crore government employees and pensioners.

The Implementation of new pay scales recommended by the 7th Pay Commission will impact the remuneration of nearly 50 lakh central government employees and 58 lakh pensioners.

The key recommendations of the 7th Pay Commission is a 23.55 percent increase in salaries,

allowances and pension of central government employees and pensioners, which is estimated to put an additional burden of Rs. 1.02 lakh crore on the exchequer annually or nearly 0.7 percent of GDP.

However, the hike is the lowest in last seven decades as it is built around the recommendation for a 14.27 percent hike in basic pay.

The panel headed by Cabinet Secretary P K Sinha was set up to study the recommendations of the pay commission headed by Justice AK Mathur.

One of the key changes suggested by the pay commission has been the ‘New Pay Structure’, under which the existing system of pay bands and grade pay will be ejected and a new pay matrix will be brought in to bring about more transparency

ViaANI

Stay Connected

19,945FansLike
800FollowersFollow
40FollowersFollow
550FollowersFollow

Must Read

How To Order New Aadhaar PVC Card? Here The Details

The new PVC Aadhaar online loaded with the latest security features more durable, convenient to carry, instantly verifiable offline. To order your Aadhaar PVC...

PM Narendra Modi Biopic Producer Threatened On Facebook

PM Narendra Modi Biography movie is going to be re-released in theatres after the coronavirus lockdown date 15th October 2020. The movie co-producer of...

Lakshmi Menon Answers To Fan: I Am Not Single

Lakshmi Menon has starred in several Tamil, Malayalam films Kumki and Pandyanad, She has been away from cinema for a few years after 'Rekka'. Lakshmi...

Soorarai Pottru Making Video Released

The famous India-Tamil actor Suriya upcoming movie Soorarai Pottru action drama movie. The movie will release Amazon Prime Video on 30th October 2020 and...

Related News

IndiGo will now charge ₹100 Check-in At Airport

India low-fare airline IndiGo will now charge ₹100 service fee per passenger wants to check-in at the airport counters in India from 17 October...

How To Order New Aadhaar PVC Card? Here The Details

The new PVC Aadhaar online loaded with the latest security features more durable, convenient to carry, instantly verifiable offline. To order your Aadhaar PVC...

Dubai Tourist Launched One-Year Remote Working Visa

Dubai Tourist unique virtual working programme for overseas professionals, the programme offers remote workers and their families the opportunity to re-locate to the Emirate. the...

FIR Registered Against Kangana Ranaut

Bollywood actress Kangana Ranaut has sparked controversy by commenting that the Mumbai feel like Pakistan-occupied Kashmir and compares the Mumbai police with the mafia....

US Election 2020: Joe Biden Campaign Team Covid-19 Positive

WASHINGTON: United States presidential election is scheduled for Tuesday, November 3, 2020. Joe Biden's campaign team Two individuals involved in the campaign tested positive for...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.