The Union Cabinet, which on Wednesday announced implementation of the 7th Pay Commission, has decided to constitute three separate committees, including one to look into the anomalies likely to arise out of enforcement of the commission`s Report.
The cabinet chaired by Prime Minister Narendra approved the recommendation that will increase the salary of government employees by 23.55 percent while also raising the entry level pay to Rs 18,000 per month from the current Rs 7,000.
The government will seek to ensure that the bill on a pan-India goods and services tax (GST) will be passed in the upcoming session of parliament, scheduled from July 18 to August 12, Parliamentary Affairs Minister Venkaiah Naidu said on Wednesday.
Implementation of the much- awaited pay hike for over 1 crore central government employees and pensioners will be a positive for the economy as it will push up consumption although its impact on inflation is likely to be moderate, economists say.
Seeking to provide greater flexibility to retailers, banks, shops as well as malls on various issues including the timings of opening and closing of shops throughout the year, the Union Cabinet on Wednesday cleared the Model Shop & Establishment Act.
The entry level pay has been recommended to be raised to Rs 18,000 per month from current Rs 7,000 while the maximum pay, drawn by the Cabinet Secretary, has been fixed at Rs 2.5 lakh per month from current Rs 90,000.