• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Home
  • DOPT ORDERS 2020
  • FinMin Orders 2020
  • Railway Orders 2020
  • Contact Us

7th Pay Commission Latest news

Central Government Employees News

  • DOPPW Orders
  • 7th Pay Commission
  • Dearness Allowance
  • Dearness Relief
  • CSD Price List
  • Defence
    • Defence Pension
You are here: Home / 7th Pay Commission / 7th Pay Commission: Big Hike Cleared For Around 50 Lakh Government Employees

Trending
FINMIN Order : Dearness Allowance to Central Government employees from Jan 2022 “hot”
AICPIN for the month of March 2022 “hot”
GPF Interest Rate from April 2022 to June 2022 “hot”
Small Savings Schemes Interest Rate from April 2022 to June 2022 “hot”

7th Pay Commission: Big Hike Cleared For Around 50 Lakh Government Employees

June 29, 2016 pcadmin 4 Comments

7th Pay Commission: Big Hike Cleared For Around 50 Lakh Government Employees

  • Pay Commission recommended 23.55% hike in salaries, allowances, pensions
  • The move will impact nearly 50 lakh employees and 58 lakh pensioners
  • Many senior government officials will now draw higher salaries than MPs

A big hike in salaries and pension for over a crore government employees was cleared by the cabinet on Wednesday.

With this hike, several senior government officials will draw a higher salary than lawmakers in Parliament.

Salaries and allowances will rise by at least 23.5 per cent, which had been recommended by the 7th Pay Commission. The hike – the lowest in the last 70 years – is expected to cost the taxpayer an additional Rs. 1 lakh crore annually, or nearly 0.7 per cent of GDP.

The government is eyeing the economic push the move will provide to the sluggish demand scenario in the economy.

The move will impact nearly 50 lakh employees and 58 lakh pensioners. The changes are likely to be implemented from January 1.

The hike is built around the recommendation for a 14.27 per cent hike in basic pay.

Rs. 73,650 crore of the total payout will come from the general budget, while Rs. 28,450 crore will come from the railways.

One of the key changes suggested by the pay commission is the ‘New Pay Structure’, which will do away with pay bands and grade pay.

The previous Pay panel had recommended a 20 per cent hike which was eventually doubled when it was implemented in 2008.

The highest pay is pegged at Rs. 2, 25,000 per month for apex scale and Rs. 2,50,000 per month for cabinet secretary and others at the same pay level.

The rise will be more than double as the current pay in this scale is Rs. 90,000 per month.

The move has led to the discontent among the lawmakers who allege disparity. However, the government is also considering a hike in salaries and allowances of lawmakers.

The minimum pay recommendation is Rs. 18,000 per month. This too is more than double of the present Rs. 7,000.

Sources say Finance Minister Arun Jaitley has made provisions for the payout. Though the government is making an effort to increase revenue by bringing more under the tax net, the payout will reduce the government’s kitty. Especially, because the Centre also needs about Rs.70,000 crore to meet the One Rank One Pension (OROP) commitment.

But the government is not complaining. The huge payout, once implemented, will boost the consumption demand at a time when the economy is moving sluggishly due to poor demand.

While some experts believe that the additional cash in the market may fuel an inflationary trend, experts say that the impact of the pay commission may become a turning point for the Prime Minister Narendra Modi’s government to trigger demand that drives growth investment and profits.

Source : NDTV

Filed Under: 7th Pay Commission, 7th Pay Commission News, Central Government Employees News

Also Read

AICPIN for the month of March 2022

AICPIN for the month of March 2022

April 29, 2022 By pcadmin Leave a Comment

AICPIN for the month of March 2022 GOVERNMENT OF INDIAMINISTRY OF LABOUR & EMPLOYMENTLABOUR BUREAU `CLEREMONT', SHIMLA-171004DATED: 29 April, 2022 F.No. 5/1/2021-CPI Press Release AICPIN for March 2022 Consumer Price Index for Industrial Workers (2016=100) — March, 2022 The … [Read More...] about AICPIN for the month of March 2022

Disbursement of Railway Pension through Private Sector Banks

Disbursement of Railway Pension through Private Sector Banks: Railway Board

May 13, 2022 By pcadmin Leave a Comment

Disbursement of Railway Pension through Private Sector Banks: Railway Board Government of India (भारत सरकार)Ministry of Railways (रेल मंत्रालय)Railway Board (रेलवे बोर्ड) RBA No. 29/2022 No. 2018/AC-II/21/2/ARPAN New Delhi, dated 12.05.2022 Pr.Financial Advisors,All Zonal Railways … [Read More...] about Disbursement of Railway Pension through Private Sector Banks: Railway Board

CGEGIS 1980 - Table of Benefits from April to June 2022

CGEGIS 1980 – Table of Benefits from April to June 2022

May 12, 2022 By pcadmin Leave a Comment

Central Government Employees Group Insurance Scheme-1980 - Tables of Benefits for the savings fund for the period from 01.04.2022 to 30.06.2022. No. 7(2)/EV/2016Government of IndiaMinistry of FinanceDepartment of Expenditure E-V Branch New Delhi, the 10 May, 2022 OFFICE MEMORANDUM Sub: … [Read More...] about CGEGIS 1980 – Table of Benefits from April to June 2022

Confirmation of inadequacy of representation of SC and ST in consonance - DOPT

Confirmation of inadequacy of representation of SC and ST in consonance – DOPT

May 10, 2022 By pcadmin Leave a Comment

Confirmation of inadequacy of representation of SC and ST in consonance - DOPT F. No. 25/1 1/2022-CS.II(B)Government of IndiaMinistry of Personnel, Public Grievances & PensionsDepartment of Personnel and TrainingCS.II(B) Section 3rd Floor, Lok Nayak Bhawan,Khan Market, New … [Read More...] about Confirmation of inadequacy of representation of SC and ST in consonance – DOPT

Status of Cadre Review as on 5th May, 2022

Status of Cadre Review as on 5th May, 2022

May 9, 2022 By pcadmin Leave a Comment

Status of Cadre Review proposals processed in DoPT as on 5th May, 2022 A. Approved by Cabinet – 24 B. Status of Proposals under consideration – 23 (1) Meeting of Cadre Review Committee held – 10(2) Pending for consideration of CRC – 3(3) Pending with Department of Expenditure – 3(4) Pending … [Read More...] about Status of Cadre Review as on 5th May, 2022

Scrap NPS and restore CCS (Pension) rules, 1972 or Guarantee Minimum Pension : BPMS

Scrap NPS and restore CCS (Pension) rules, 1972 or Guarantee Minimum Pension : BPMS

May 9, 2022 By pcadmin Leave a Comment

Scrap NPS and restore CCS (Pension) rules, 1972 or Guarantee Minimum Pension : BPMS भारतीय प्रतिरक्षा मजदूर संघBharatiya Pratiraksha Mazdoor Sangh (AN ALL INDIA FEDERATION OF DEFENCE WORKERS)(AN INDUSTRIAL UNIT OF B.M.S.)(RECOGNISED BY MINISTRY OF DEFENCE, GOVT. OF INDIA) REF: BPMS/ PMO/ … [Read More...] about Scrap NPS and restore CCS (Pension) rules, 1972 or Guarantee Minimum Pension : BPMS

Reader Interactions

Comments

  1. pramod sharma says

    June 29, 2016 at 8:13 AM

    Iwant to know my new pension asper 7th P.C..my present basic pen.is Rs10375/-pl.inform.

    Reply
    • rajan says

      June 29, 2016 at 11:24 AM

      is it for punjab too

      Reply
  2. TejoAran says

    June 29, 2016 at 11:12 PM

    Mai Modi ka bahut bara fan tha hamesa uskeliye logon se larta jagarta tha.. Par ab nahi..usne hindustan ki jaanta ko dokha diya hai..

    Reply
  3. V.R.Mukkamala says

    July 20, 2016 at 2:43 PM

    Why all these things.Increase the pay and pensions as pet govt. Wish but reduce the pricess of regular commodities required to common man.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

All About Pension

All about Pension

Latest DOPT Orders

Confirmation of inadequacy of representation of SC and ST in consonance – DOPT

Status of Cadre Review as on 5th May, 2022

Percentage of Salary Budget allocated for training and capacity building – DOPT

Reservation in promotions – procedure to be followed : DOPT

Holiday on 14th April 2022 – Birthday of Dr. B. R. Ambedkar

Latest Finmin Orders

CGEGIS 1980 – Table of Benefits from April to June 2022

FINMIN Order : Dearness Allowance to Central Government employees  from Jan 2022

Modification of instructions regarding Air Travel on Government account. – FINMIN

CGEGIS Table of Benefits from Jan 2022 to March 2022

Concessions to person re-employed in Central Government Service – Payment of Travelling Allowance

Latest Railway Orders

Grant of Leave to Probationary officers: Railway Board

Productivity Linked Bonus to all eligible non-gazetted Railway employees for 2020-2021

Cabinet approves Productivity Linked Bonus to Railway Employees for the year 2020-21

Change of Base Year of Consumer Price Index of Industrial Workers – Railway Order

Advance payment of salary on account of Onam festival.

Categories

Copyright © 2022