Posted by: Friends on 29-06-2016 04:09
Type: Employment
7th Pay Commission will affected salary and allowances of more than one crore central govt. employees. Out of which 50 lakh are current central government employees and 58 lakh will be pensioners.
7th Pay commission implementation will put extra burden of rupees 1.02 lakh crore on central government every year which is close to 0.7 percent of total GCP of India.
It is also expected that salary hike of 23.5 percent after implementation will be that lowest hike in comparison to last seven decades. The recommendations of 7th pay commission are likely to implement from 1st January 2016. It is expected that 7th pay commission recommendation will increase basic pay by 14.27 percent.