• 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: ‘Historic’ salary hike, says Arun Jaitley

7th Pay Commission: ‘Historic’ salary hike, says Arun Jaitley

June 30, 2016 pcadmin 4 Comments

7th Pay Commission: ‘Historic’ salary hike, says Arun Jaitley

Finance Minister Arun Jaitley congratulated government employees on a historic rise in their salary.

Finance Minister Arun Jaitley on Wednesday took to Twitter to announce the Union Cabinet’s decision approving the 7th Pay Commission recommendations.

In a tweet, Jaitley said: “Congratulations to central government officers, employees & pensioners on a historic rise in their salary & allowances through the 7th CPC.”

“The 7th Pay Commission report will be effective from January 1, he said, adding that the Cabinet will decide if the arrears for the six months have to be paid in one go or in installments”.

“Salaries have to be respectable in order to attract the best talent,” Jaitley said, adding that the recommendations of the 7th Pay Commission will be implemented from January 1, 2016.

He further added, “when people get more money, it comes back in the system in the form of taxation. Savings will increase … spending will go up”.

Here are the highlights from Finance Minister Arun Jaitley’s press conference on Wednesday evening
* Minimum pay of Rs 18,000 has been recommended against the existing Rs 7,000 per month.

* Rs 2,25,000 per month is the maximum pay for apex scale and Rs 2,50,000 per month for Cabinet Secretary and others presently at the same pay level.

* Based on the minmum pay, a fitment factor of 2.57 is being proposed to be applied uniformly for all employees.

* The rate of annual increment is being retained at 3 per cent.

* The commission has recommended abolishing 52 allowances altogehter.

* Another 36 allowances have been abolished as separate identities, but subsumed either in an existing allowance or in newly proposed allowances.

* The total financial impact in the FY 2016-17 is likely to be ₹1,02,100 crore.

* Gratuity ceiling doubled from Rs 10 lakh to Rs 20 lakh and housing loan allowance hiked from Rs 7.5 lakh to Rs 25 lakh.

* Two dates of increments in place of existing one – 1st Janunary and 1st July.

* Ex-gratia lump sum compensation and military service pay increased.

* Existing rates of monthly contribution towards Group Insurance to continue.

* Grade Pay & Pay Band structure to be replaced by Pay Matrix, comprising 19 Levels.

* Total annual burden of pay, pensions and arrears of 7th Pay Commission recommendations stands at Rs 1,02,100 crore.

Source : IndianExpress

Filed Under: 7th Pay Commission, 7th Pay Commission News

Also Read

Punctuality in attendance in Government offices

Punctuality in attendance in Government offices

May 23, 2023 By pcadmin Leave a Comment

Punctuality in attendance in Government offices GOVERNMENT OF WEST BENGALFinance DepartmentNABANNA325, Sarat Chatterjee Road, Howrah-711102 No. 3370 -F(P2) Dated, Howrah, the 20th May, 2023 M E M O R A N D U M Sub : Punctuality in attendance in Government offices In order to … [Read More...] about Punctuality in attendance in Government offices

Ceiling of Rs. 5 Lakh on Subscription in General Provident Fund

Ceiling of Rs. 5 Lakh on Subscription in General Provident Fund

May 23, 2023 By pcadmin Leave a Comment

Ceiling of Rs. 5 Lakh on Subscription in General Provident Fund Government of West BengalFinance DepartmentGroup-J Memo No: 027-F (J) WB Date: 04/05/2023 MEMORANDUM Subject:- Ceiling of Rs. 5 Lakh on subscription in General Provident Fund (West Bengal Services) in a financial … [Read More...] about Ceiling of Rs. 5 Lakh on Subscription in General Provident Fund

GISS, 1987 – Table of Benefits upto July, 2023

GISS, 1987 – Table of Benefits upto July, 2023

May 23, 2023 By pcadmin Leave a Comment

GISS, 1987 – Table of Benefits upto July, 2023 GOVERNMENT OF WEST BENGALFINANCE DEPARTMENTAUDIT BRANCH No. 031-F(J) W.B. Date: 11.05.2023 MEMORANDUM SUBJECT: State Government Employees Group Insurance Scheme, 1987 – Table of Benefits under Savings Fund for the year of cessation of … [Read More...] about GISS, 1987 – Table of Benefits upto July, 2023

Disbursement of Railway Pension through Private Sector Banks

Disbursement of Railway Pension through Private Sector Banks

May 23, 2023 By pcadmin Leave a Comment

Disbursement of Railway Pension through Private Sector Banks Government of IndiaMinistry of RailwaysRailway Board RBA No. 16/2023 No. 2010/AC-II/21/10/Pt IV New Delhi, dated 15.5.2023 Pr.Financial Advisors,All Zonal Railways & PUS Pr. Chief Personnel Officers,All Zonal Railways … [Read More...] about Disbursement of Railway Pension through Private Sector Banks

Clarification on calculation of ex-gratia for the employees of CPSEs following IDA

Clarification on calculation of ex-gratia for the employees of CPSEs following IDA

May 18, 2023 By pcadmin Leave a Comment

Clarification on calculation of ex-gratia for the employees of CPSEs following IDA W-02/0029/2021-DPE (WC)Government of IndiaMinistry of FinanceDepartment of Public Enterprises Public Enterprises Bhawan,Block 14, Lodi Road,New Delhi 110003.Date: 16.5.2023 CORRIGENDUM Subject: … [Read More...] about Clarification on calculation of ex-gratia for the employees of CPSEs following IDA

Reader Interactions

Comments

  1. Rk says

    July 1, 2016 at 7:37 AM

    Jetly ji
    Paula gaye

    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

Grant of fund for modernisation of Non-Statutory Departmental Canteen located in Central Government Offices

General Election 2023: Grant of Paid holiday on day of Poll for General Election in Karnataka, 2023

Reimbursement of Children Education Allowance (CEA) to Central Government servants having Divyang Children

Addendum for early closure of all the offices falling in the premises of Parliament House & Rashtrapati Bhawan in c/w forthcoming Republic Day

Early Closure of Offices in connection with Republic Day Parade/Beating Retreat Ceremony/At Home Function during January, 2023

Latest Finmin Orders

CGEGIS 1980 – Tables of Benefits for the savings fund for the period from 01.04.2023 to 30.06.2023.

Dearness Allowance to Central Government employees effective from 01.01.2023 – FINMIN Order

Compendium of Instructions regarding grant of House Rent Allowance to Central Government employees – FINMIN

CGEGIS 1980: Table of Benefits of saving funds from Oct to Dec 2022

Non-Productivity Linked Bonus (ad-hoc bonus) to Central Government Employees for 2021-22

Latest Railway Orders

Disbursement of Railway Pension through Private Sector Banks

Dearness Relief to Railway pensioners from Jan 2023

State Railway Provident Fund Interest Rate from April 2023 to June 2023

Timely verification of Caste/Community Certificates – Railway Board Order

Timelines for completion of APAR to Railway Employees for 2022-23

Categories

Copyright © 2023