Zee Media Bureau
New Delhi: Union Cabinet on Wednesday approved setting up of Empowered Committee of Secretaries to process recommendations of 7th Pay Commission.
The Seventh Pay Commission, headed by Justice A K Mathur, had on November 19 submitted its report to Finance Minister Arun Jaitley.
It had recommended a 23.55 per cent increase in salary, allowances and pension of government staff, involving an additional outgo of Rs 1.02 lakh crore in 2016-17.
The recommendations that will benefit 47 lakh central government employees and 52 lakh pensioners, will lead to an additional outgo of Rs 73,650 crore from the Union Budget and Rs 28,450 crore from Railway Budget.
The Centre has expressed confidence that the implementation of the recommendation will not lead to a breach in the fiscal deficit targets.
With Agency Inputs