7th Pay Commission: Government employees to get only 50% of increased salary in hand?

7th Pay Commission: Government employees to get only 50% of increased salary in hand?

As per the proposal, higher income government staff from the rank of section officer may be asked to shell out 50 percent of increased salary towards bank capitalisation bonds.

 

7th Pay Commission: Central government employees will have to wait more

7th Pay Commission: Central government employees will have to wait more

In what could upset millions of central government employees, the implementation recommendations of 7th Pay Commission may be further delayed.

7th Pay Commission: Cheers for govt employees! Centre to start paying increased salary from July

7th Pay Commission: Cheers for govt employees! Centre to start paying increased salary from July

From July, government employees will get increased salary recommended by 7th Pay Commission along with six months'arrear.

7th Pay Commission: Modi government to implement salary hike in FY 2016-17

7th Pay Commission: Modi government to implement salary hike in FY 2016-17

The Budget documents state that the implementation of the Seventh Pay Commission due from January 1, 2016 is to be implemented during the financial year 2016-17.

7th Pay Commission report: Cabinet approves setting up of Empowered Committee

7th Pay Commission report: Cabinet approves setting up of Empowered Committee

New Delhi: Union Cabinet on Wednesday approved setting up of Empowered Committee of Secretaries to process recommendations of 7th Pay Commission.

From first to seventh Pay Commission: Know how much salary has increased

From first to seventh Pay Commission: Know how much salary has increased

7th Pay Commission Report: Know how much salary of central government employees has increased over the years (From 1947 to 2016).

 

7th Pay Commission report: Five key innovative recommendations

7th Pay Commission report: Five key innovative recommendations

Here are the 5 innovative recommendations of 7th Pay Commission report.

7th Pay Commission suggestions to be demand booster; but lag on fiscal path: Ind-Ra

The Seventh Pay Commission award will be a demand booster to the economy, but it may pose a serious challenge to the government's fiscal consolidation path, ratings firm Ind-Ra said has said.

7th Pay Commission report: Reactions from rating agencies and brokerages

Here are the reactions from various rating agencies and brokerages on 7th Pay Commission report.

7th Pay Commission report: Reactions from trade unions

7th Pay Commission report: Reactions from trade unions

Here are the reactions from various trade unions on 7th Pay Commission report.

Pay Commission recommendations not to impact govt finances: Sinha

Fiscal deficit in 2014-15 was 4 percent of GDP.

10-year bond yield rises on concerns FY16 fiscal gap may widen

The yield of 10-year bond - 7.72 percent-2025 - ended at 7.69 percent from previous close of 7.67 percent.

7th Pay Commission recommends child care leave for single male parent

CCL is granted to women employees for a maximum period of two years.

Pay hike won't breach fiscal deficit targets: Finance Ministry

A day after the Pay Commission proposed 23.55 percent rise in salaries and pensions of central government employees, the Finance Ministry on Friday expressed confidence that the fiscal deficit targets will not be breached because of absorbing the Rs 1.02 lakh crore bill.

7th Pay Commission report: OVERVIEW

7th Pay Commission report: OVERVIEW

Here is the overview of 7th Pay Commission report.

'7th Pay Commission proposals to challenge fiscal consolidation maths'

'7th Pay Commission proposals to challenge fiscal consolidation maths'

The recommended 23.55 percent hike in remuneration for central government employees, if fully implemented, will add to the challenges the government faces in achieving its fiscal consolidation target, Fitch Ratings said.

Share Bazaar Live: 7th Pay Commission Special Report

7th Pay Commission hands over the report to the Finance Minister, Arun Jaitley. Check out all about the report in this segment.

7th Pay Commission report: Financial implications

The total impact of the Commission’s recommendations are expected to entail an increase of 0.65 percentage points in the ratio of expenditure on (Pay+Allowances+ Pension) to GDP compared to 0.77 percent in case of 6th Pay Commission.

7th Pay Commission report: House Rent Allowance

The 7th Pay Commission has recommended that HRA be paid at the rate of 24 percent, 16 percent and 8 percent of the new Basic Pay for Class X, Y and Z cities respectively.

 

Key facts of 7th Pay Commission report

7th Pay Commission Report: Rate of house rent allowance be revised to 27 percent, 18 percent and 9 percent when dearness allowance crosses 50 percent, and to 30 percent, 20 percent and 10 percent when it crosses 100 percent.