22 per cent pay
hike for Central staff, could go up to 30: Proposal of pay panel -
Indian Express News
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The net figure would provide
the government the leeway to add another 5-7 per cent increase.
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The net increase is likely to
be in the range of 22 per cent after subsuming the current 119 per cent
dearness allowance in the new basic and grade pay scale.
The Seventh Pay Commission is likely to recommend a net
increase of 22 per cent over the current pay package of Central government
employees with a 15 per cent raise in basic pay and up to 25 per cent jump in
allowances.
“The net increase is likely to be in the range of 22 per
cent after subsuming the current 119 per cent dearness allowance in the new
basic and grade pay scale,” sources said. They said the net figure would
provide the government the leeway to add another 5-7 per cent increase — as was
done on the last two Pay Commission recommendations — to take the eventual
raise to nearly 30 per cent.
The final figure, however, could be a tad below the 35
per cent hike employees got on implementation of the Sixth Pay Commission in
2008. “That time the situation was different. There was buoyancy in revenue
collections. Now revenue receipts have become stagnant,” an official
said.
The recommendation, which will become effective after a
Cabinet nod, will impact 50 lakh Central government employees and 54 lakh
pensioners. Sources said they expected the entire approval process to take
another four months, at least, with the likelihood of its implementation by
June next year.
However, since the hike in salaries is effective from
January 2016, the arrears until June could be hived off as employees’ savings
into the pension fund. “The Controller General of Accounts is already
considering options for investment of Seventh Pay Commission arrears,” said an
official
Source
: http://indianexpress.com/article/india/india-news-india/22-per-cent-pay-hike-for-central-staff-could-go-up-to-30-pay-panel-proposal/
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