Wednesday, 18 November 2015

Seventh Pay Commission Likely to Propose 23% Hike



In a bonanza for focal government workers, the seventh Pay Commission is liable to suggest on Thursday a 22-23 for every penny bounce in their pay and stipends, as indicated by sources.

The pay board is relied upon to present its report to the account serve today.

The Pay Commission headed by Justice A K Mathur has proposed a 15 for every penny increment over the fundamental http://www.aeriagames.com/user/jntuworld/ pay in addition to dearness recompense (DA)  for the focal government staff, they said, including that an increment in stipends like house rent remittance (HRA) has additionally been prescribed.

The aggregate increment will be 22-23 for every penny of the gross pay (essential in addition to DA in addition to remittances), the sources said.

The suggestions of the seventh Pay Commission are planned to produce results from January 1, 2016.

Other than Chairman,  different individuals from the commission are Vivek Rae, a resigned IAS https://www.fxpansion.com/forum/memberlist.php?mode=viewprofile&u=299651&sid=8e74708c08f02ba2258c9186f5ba094aofficer of 1978 bunch, and Rathin Roy, a financial analyst. Meena Agarwal is secretary of the commission.

The focal government constitutes the pay commission at regular intervals to modify the pay size of its workers and frequently these are received by states after a few alterations.

The Commission was http://www.familytreecircles.com/u/jntuworld/about/ set up by the UPA government in February 2014 to overhaul compensation of around 48 lakh focal government representatives and 55 lakh retired people.

The Union Cabinet had developed the term of the board in August by four months, till December. The sixth Pay Commission was executed with impact from January 1, 2006.

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