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Tuesday, 28 June 2016

7th Pay Commission latest news: Salary of central government employees to be hiked by 23.5 per cent

7th Pay Commission latest news: Salary of central government employees to be hiked by 23.5 per cent The basic salary hike has been revised only to 14.25 per cent. In 2008, the 6th Pay Commission had implemented a 20 per cent increase in the basic salary. By Mohammed Uzair Shaikh on June 28, 2016 at 12:38 AM  Email  New Delhi, June 27: Central government employees along with the pensioners will now finally reap the benefits of 7th Pay Commission recommendations. As per latest reports, the Committee of Secretaries, headed by Cabinet Secretary P K Sinha has recommended a hike of 23.5 per cent in salaries of government employees, along with pensions extracted by the retired personnels. With a hike of 23.5 per cent, the additional burden on state exchequer is expected to be Rs 1.02 lakh crores.  This could by far be the lowest salary hike implemented through any CPC recommendation. The basic salary hike has been revised only to 14.25 per cent. In 2008, the 6th Pay Commission had implemented a 20 per cent increase in the basic salary. The salary hike would impact nearly 53 lakh government employees, along with 47 lakh pensioners. Apart from the salary hike, the employees would also receive arrears, calculated from the month of January. (ALSO READ: 7th Pay Commission: Rs 70,000 crore allotted by Finance Ministry on basis of A K Mathur-led committee recommendations) As per the revisions made by Secretaries Panel, the minimum salary has been upgraded to Rs 18,000, whereas, the maximum salary has been capped at Rs 3,25,000. The original report of CPC was prepared by Justice A K Mathur in November. It was expected to be implemented from January. However, government decided to review the salary hike and formed the Secretaries Panel under P K Sinha. According to Finance Secretary Ashok Lavasa, the report has been finalized and the Cabinet note would soon be filed on the recommendations. A positive news is expected to break on June 29.  Modified Date: June 28, 2016 12:38 AM

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