Page 12 - General Awarenees-Digi Notes
P. 12
www.bankersguru.org
20th November
Pay panel moots 23.5% hike, to cost govt. Rs
1.02 lakh cr –
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
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.
The total monetary impact on the central government would be Rs 1.02 lakh
crore. Around Rs 74,000 crore would be the impact on the Union Budget and
Rs 28,000 crore on the Railway Budget.
www.bankersguru.org
20th November
Pay panel moots 23.5% hike, to cost govt. Rs
1.02 lakh cr –
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
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.
The total monetary impact on the central government would be Rs 1.02 lakh
crore. Around Rs 74,000 crore would be the impact on the Union Budget and
Rs 28,000 crore on the Railway Budget.
www.bankersguru.org
