7CPC: Seventh Pay Commission for central government employees announced
The government on Wednesday decided to finally announce the Seventh Pay Commission for central government employees and pensioners.
“Prime Minister Manmohan Singh approved the constitution of the 7th Pay Commission. Its recommendations are likely to be implemented with effect from January 1, 2016″, Finance Minister P Chidambaram said in a statement.
The setting up of the Commission, whose recommendations will benefit about 50 lakh central government employees, including those in defence and railways, and about 30 lakh pensioners, comes ahead of the Assembly elections in 5 states in November and the general elections next year.
The government constitutes Pay Commission almost every ten years to revise the pay scales of its employees and often these are adopted by states after some modification.
As the Commission takes about two years to prepare its recommendations, the award of the seventh pay panel is likely to be implemented from January 1, 2016, Chidambaram said.
The sixth Pay Commission was implemented from January 1, 2006, fifth from January 1, 1996 and fourth from January 1, 1986.
The names of the chairperson and members of the 7th Pay Commission and its terms of reference will be finalised shortly after consultation with major stakeholders, Chidambaram said.
Last week, the Union Cabinet had approved a proposal to hike dearness allowance to 90 percent from existing 80 percent.
The increase in DA to 90 percent would result in additional annual expenditure of Rs 10,879 crore.
There would be additional burden of Rs 6,297 crore on exchequer during 2013-14 on account of this hike in DA.
With PTI inputs
Source: Zeenews
http://zeenews.india.com/business/news/economy/seventh-pay-commission-for-central-govt-employees-announced_85279.html
The government on Wednesday decided to finally announce the Seventh Pay Commission for central government employees and pensioners.
“Prime Minister Manmohan Singh approved the constitution of the 7th Pay Commission. Its recommendations are likely to be implemented with effect from January 1, 2016″, Finance Minister P Chidambaram said in a statement.
The setting up of the Commission, whose recommendations will benefit about 50 lakh central government employees, including those in defence and railways, and about 30 lakh pensioners, comes ahead of the Assembly elections in 5 states in November and the general elections next year.
The government constitutes Pay Commission almost every ten years to revise the pay scales of its employees and often these are adopted by states after some modification.
As the Commission takes about two years to prepare its recommendations, the award of the seventh pay panel is likely to be implemented from January 1, 2016, Chidambaram said.
The sixth Pay Commission was implemented from January 1, 2006, fifth from January 1, 1996 and fourth from January 1, 1986.
The names of the chairperson and members of the 7th Pay Commission and its terms of reference will be finalised shortly after consultation with major stakeholders, Chidambaram said.
Last week, the Union Cabinet had approved a proposal to hike dearness allowance to 90 percent from existing 80 percent.
The increase in DA to 90 percent would result in additional annual expenditure of Rs 10,879 crore.
There would be additional burden of Rs 6,297 crore on exchequer during 2013-14 on account of this hike in DA.
With PTI inputs
Source: Zeenews
http://zeenews.india.com/business/news/economy/seventh-pay-commission-for-central-govt-employees-announced_85279.html
4 comments:
Hi , patiently wait for the Commission to study and submit its recommendations, and then watch for the NEW Govt for its acceptance and sanction. A new CPC will definitely bring some thing new, and the VII is a wonderful Commission. Give all support to it.
We expect a new ratio of lowest wages and highest salary of 1:: 5. A CPC that cares the poor will recommend a new ratio appropriately acceptable by the New Govt being formed by new leaders came up from the Low/poor state of living who will always bring the poor to a high living standard. The new Govt is of the Poor people of India. Look at them and the poor have to cheer up in MAY 2014.
The poor employees will never go with empty pocket on retirement, but will have enough for their retired living, the pension and retirement benefits will be hiked more than what they ever expected. Last pay drawn will be their pension for life with other benefits like employees enjoy. So, cheer up those due for retirement and those already drawing pension.
Voting and election is over now. The Cen Govt Emp and pensioners have done well with the election. Appreciation goes to all voters exercised their wisdom in choosing their leaders. A New Govt of the poor people of India is coming up to power. Wonderful changes are expected in this year itself. Thanks to all voters and supporters for the election of 2014.
Thanks to the outgoing Govt that constituted 7th CPC with a retired Justice of the H,nable Supreme Court. We can expect justice in all ways of employed and retired life through 7th CPC. This is the beginning of a new era. Good seeds bring forth good plants and produce good fruits.
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