Nov 20, 2015
7th Pay panel moots 23.5% hike, to cost govt. Rs.1.02 lakh cr.
In its report submitted to the Union Finance Minister Arun Jaitley, the Seventh Central Pay Commission has recommended an overall increase of 23.55 per cent in pay, allowances, and pension for government employees. Within this, the Commission’s report recommends a 16 per cent increase in basic pay, a 63 per cent increase in allowances and a 24 per cent hike in pension. The recommendations are to come into force on January 1, 2016.
