Jun 17, 2016

7th pay commission: Panel may recommend 30% wage hike; final report likely on June 18 - dna

The panel had recommended a 23.55% wage hike initially.

The 7th Pay Commssion may present a 30% hike in the wages of central government employees in its final report, Zee News alerts said.
The final report by the 13-member Committee of Secretaries headed by Cabinet Secretary PK Sinha may be submitted on June 18, it said.

The panel had recommended a 23.55% wage hike over and above the recommendations initially made, but it may present a 30% hike eventually, the alert said.

This may lead to an increase of the minimum and maximum salary hikes in government employees' monthly pay by 30% again.

As it stands, the 7th CPC had recommended a minimum monthly basic salary of Rs 18,000 and maximum of Rs 2,50,000. A 30% hike would take the minimum basic monthly pay to Rs 23,500 and the maximum to Rs 3,25,000.

The salary hikes may be incorporated from August 1, it said.

The salary hikes effected by the 7th pay commission will impact the pay packages of 48 lakh central government employees and 55 lakh pensioners.

SOURCE - DNA

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