-Sudharsan
What?
Pay commission is a committee that meets once in 10 years to discuss about the salary structure of employees.
The recommendations of the 7th committee has been approved by the cabinet on June 29th (2016).
Arun jaitly
Who?
Over 1 crore (50 lakhs employees and 58 lakhs pensioners) central government employees will benefit from the scheme.
How?
The committee has recommended minimum pay to be raised from Rs. 7000 to 18, 000 a month.
And the maximum pay to be raised to 2. 5 lakhs from 90,000.
Salaries and allowances will rise by at least 23.5 per cent.
This will cost the government an extra Rs.70,000 crore each year.
Why?
Salaries are adjusted for inflation (increase in cost).
And so
Since its second meeting the committee has hiked salaries by 225 times. Although this is the lowest hike in the committee history, it will come as a pleasant surprise to central government employees and pensioner.
What?
Pay commission is a committee that meets once in 10 years to discuss about the salary structure of employees.
The recommendations of the 7th committee has been approved by the cabinet on June 29th (2016).
Who?
Over 1 crore (50 lakhs employees and 58 lakhs pensioners) central government employees will benefit from the scheme.
How?
The committee has recommended minimum pay to be raised from Rs. 7000 to 18, 000 a month.
And the maximum pay to be raised to 2. 5 lakhs from 90,000.
Salaries and allowances will rise by at least 23.5 per cent.
This will cost the government an extra Rs.70,000 crore each year.
Why?
Salaries are adjusted for inflation (increase in cost).
And so
Since its second meeting the committee has hiked salaries by 225 times. Although this is the lowest hike in the committee history, it will come as a pleasant surprise to central government employees and pensioner.
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