............ 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

Wednesday, 18 May 2016

7th Pay Commission – Centre on Defensive Mode – Advantage Employees

7th Pay Commission – Centre on Defensive Mode – The central government is trying to balance out the burden of the 7th pay commission payout on the exchequer.

The Prime Minister’s Office is keenly awaiting the final touch up to the 7th Pay commission panel’s recommendations, and is keen that inflationary trends be kept in perspective while finalising the salary structure of the government employees.
The trade unions, while protesting the 7th Pay Panel’s recommendations, said that the proposed 7th Pay Commission hike was the lowest in many decades and not in sync with inflation.

The central government is trying to balance out the burden of the 7th pay commission payout on the exchequer. As per reports, though the salaries of the government employees will be paid in July as per the 7th Pay Commission recommendations, the arrears from January 2016, will be disbursed only August onwards.
The employees are anticipating at least Rs 24,000 take-home salary per month. In a meeting with the BJP’s labour wing Bharatiya Mazdoor Sangh, Jitendra Prasad, Union Minister of State for Personnel, Public Grievances, Pensions, had told the delegation that government would positively look into the demand of the central government employees. “The minister said we will consider the proposal of minimum pay of 24,000”, said Pawan Kumar, Regional Organizing Secretary.
The Bhartiya Mazdoor Sangh is the largest central trade union organization in India, and claims to have more than 10 million members.
The trade union also sought increase in the Multiplication Factor and changes in the HRA.
Other than the pressure of trade unions, the results of the Assembly election in five states, West Bengal, Assam, Tamil Nadu, Kerala, Pondicherry, are likely to have an influence on the final pay out.
The notification towards implementation of the 7th pay commission will be announced only after the result of the elections. If the mandate goes totally in favour of the Opposition, the government will be under greater pressure to keep the dissatisfaction related to salary hike in check.
The Govt went on back foot in previous policy decisions on the proposed EPF changes, and their subsequent rollback showed government in a bad light. Sources say the centre is keen not to repeat the same with the 7th pay commission Implementation.

No comments:

Post a Comment