............ Have a nice day............
USER MENU ID IS UNDEFINED IN FINACLE MIS SERVER   Date of Implementation of "VERY GOOD" Bench Mark for MACPs effect from 25.07.2016   Expected DA from Jan 2017 – 3% or 2% ?    One minute talk time for each Rupee in Airtel Payments Bank   AICPIN for October 2016 : Chances for 5% DA from January 2017   Central Government employees retiring from January 2017 to submit online application   Pre-Budget Views of Govt. Employees for inclusion in the Budget for the Year 2017-18: Confederation i.e. Scrap NPS, Minimum Wage Rs. 26,000 & Fitment Formula etc   On Salary Week, Banks Unlikely to Meet Demand for Extra 1 Lakh Cr   82 per cent ATMs dry because government used that money to pay its own employees   National Anthem Before Movie, Rules Supreme Court. Citizens 'Duty-Bound' To Show Respect    undefined

Tuesday, 16 February 2016

7th CPC soon, may see double pay percentage hike : ZEE news



Central government employees, who called the recommendations of the 7th pay commission as ‘total rubbish’ and ‘not worth the paper it was printed on’, may be in for some good news.


Empowered Committee of Secretaries, who are processing the recommendations of 7th Pay Commission (7thCPC), are likely to double the percentage of pay hike recommended by the pay commission.

According to sources, the central government employees will get a salary hike of around 30 percent on the minimum basic pay, much more than 23.55 percent as recommended by the 7th pay commission in November 2015.

The employees have been protesting that the hike in totality is only 14.27 percent, the lowest in 70 years, and are mulling over to go on an indefinite strike from 11 April.

The hike in salaries is expected to be effective from January 1. 

Arguably, even the 6th CPC had recommended a 20 percent hike on the basic pay, which was revised to 40 percent at the time of implementation in 2008.

The 7th CPC, with its recommendations, is expected to cause an annual burden of Rs 1.02 lakh crore on the exchequer, which would last for two to three years.

Source : http://zeenews.india.com/business/news/economy/7th-cpc-soon-central-government-employees-may-see-double-pay-percentage-hike-in-salaries_1856182.html

No comments:

Post a Comment