Indian Military Veterans
As the 7th pay Commission itself declared that the work of compilation and finalization of the report is underway, it is the time for expecting the date on which the report will be submitted after it is finalized. The stipulated time for submitting the report is 18 months from the date of notification issued. In a resolution dated 28th February, 2014, Government of India has appointed the Seventh Central Pay Commission comprising Justice Shri Ashok Kumar Mathur as Chairman, Shri Vivek Rae as full time Member, Dr. Ratin Roy as part time Member and Smt. Meena Agarwal as Secretary
The 7th pay commission has been given 18 months’ time from date of its constitution to make its recommendation. Hence the tentative date for submission of Report will be 30th August 2015.
The sources close to the 7th Pay Commission, on the condition of anonymity told that the 7th pay Commission Report is almost finalized and the Report is expected to be submitted on or before 14th August 2015. The Leaders representing one of the railway federations in the staff side also confirmed this news.
According to the Sources the important Points of the Pay Commission’s Recommendations are ..
1. There will be no running Pay band and Grade Pay System
2. The uniform multiplication factor for arriving revised pay will be 2.86
3. The Pay scales will be open ended to avoid stagnation in the scales
4. The Minimum Pay will be Rs. 21000
5. The CCA will be separated into two components as it was in the fifth CPC
6. Percentage of HRA will remain same.
7. The Criteria for retirement age will be either completion of 33 Years of service or at the age of 60 Years whichever is earlier.
8. CGEGIS Insurance Coverage and Monthly premium will be increased
9. Classification of Posts will be Modified
10. The 7th Pay Commission recommendation will be implemented with effects from 1.1.2016.
2. The uniform multiplication factor for arriving revised pay will be 2.86
3. The Pay scales will be open ended to avoid stagnation in the scales
4. The Minimum Pay will be Rs. 21000
5. The CCA will be separated into two components as it was in the fifth CPC
6. Percentage of HRA will remain same.
7. The Criteria for retirement age will be either completion of 33 Years of service or at the age of 60 Years whichever is earlier.
8. CGEGIS Insurance Coverage and Monthly premium will be increased
9. Classification of Posts will be Modified
10. The 7th Pay Commission recommendation will be implemented with effects from 1.1.2016.
Further ,the sources told that the Committee of Secretaries will be appointed to study the report and analyze the financial implications upon implementation of 7th pay commission recommendation. An ally of NCJCM Staff Side told that the Staff Side also will be invited by the third week of September 2015 by this Committee before giving its final nod for approval for this Recommendation.
It appears that after three decades the Pay Commission recommendations will come into force on the first day of its due date. Retrospective effect will not be required for implementation of 7th Pay Commission recommendation, since the notification for implementation of 7th Pay Commission recommendations might be issued on or before 1.1.2016. So there will be no financial burden for government on spending for payment of Arrears to this effect.
It is indeed very good news for entire central and some State government employees community. There are expectations on its peak over 7th pay commission recommendation. Whether the 7th Pay Commission’s recommendation fulfill their expectations or not?. Let’s hope, by the time of next month, everything that is concealed will be brought to light and made known to all.
Exp:56%
No comments:
Post a Comment
Indian Military Veterans Viewers, ..
Each of you is part of the Indian Military Veterans message.
We kindly request you to make healthy use of this section which welcomes the freedom of expression of the readers.
Note:
1. The comments posted here are the readers' own comments. Veterans news is not responsible for this in any way.
2. The Academic Committee has the full right to reject, reduce or censor opinion.
3. Personal attacks, rude words, comments that are not relevant to the work will be removed
4. We kindly ask you to post a comment using their name and the correct email address.
- INDIAN MILITARY VETERANS- ADMIN