7th Pay Commission cleared: A look at the facts & numbers - Dollar Advisory & Financial Services

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Wednesday 29 June 2016

7th Pay Commission cleared: A look at the facts & numbers

The Union Cabinet on Wednesday cleared the seventh Pay Commission suggestions. The report had proposed a 15 percent trek in base compensations of government workers. The normal climb will associate with 23-24 percent. The report was settled by the Empowered Committee of Secretaries.

The 15 percent trek will be the most reduced in 70 years. The sixth Pay Commission had suggested a 20 percent trek, which was multiplied at the season of usage in 2008. The effect of Pay Commission will be 72 percent on the Finance Budget and 28 percent on the Railway Budget. The yearly outgo on back of this is relied upon to be Rs 1.02 lakh crore. Some extra procurements have been made for the resistance work force.

The Central Pay Commission is set up at normal interims (typically like clockwork) by the legislature to survey the current pay structures for government representatives.

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