Posts tagged with "Finance Ministry"
7th Pay Commission Latest News: No ‘Achhe Din’ for govt employees, no hike in basic pay, fatter allowances likely
It simply means, the National Anomaly Committee or Committee on Allowances won’t suggest or approve any changes in the basic pay or allowance against the recommendations of the 7th Pay Commission.
New Delhi, Nov 1: The ‘Committee on Allowances’, headed by Finance Secretary Ashok Lavasa, is yet to submit its report on fatter allowances recommended by the 7th Pay Commission, however the Finance Ministry sources said the government won’t...
7th Pay Commission: Government Clears Big Pay Hikes Today
NEW DELHI: The Union Cabinet today cleared the Seventh Pay Commission that would hike the salaries and allowances for over one crore central government employees and pensioners by at least 23.5 per cent.
Implementation of new pay scales recommended by the 7th Pay Commission is estimated to put an additional burden of Rs. 1.02 lakh crore on the exchequer annually or nearly 0.7 per cent of GDP. The hike, however is the lowest in last seven decades.
The...