7th Pay Commission

7th Pay Commission: Committee on allowances to submit its final report this week

A high-level committee headed by finance secretary Ashok Lavasa will submit its final report on payment of allowances to 47 lakh central government employees, to Finance Minister Arun Jaitley this week.

 

Apr 10, 2017, 10:02 AM IST

RBI projects inflation to rise to 5%

The Reserve Bank on Thursday projected retail inflation to increase to 5 percent in the second half of the current fiscal citing risks of El Nino impacting the monsoon and one-off effects of the Goods and Services Tax.

 

Apr 06, 2017, 16:47 PM IST

Dearness allowance hiked by 2% for central govt employees, pensioners; effective from this January

The Union Cabinet on Wednesday cleared a proposal to increase dearness allowance and dearness relief by 2 percent to 4 percent, which will potentially benefit over one crore central government employees and pensioners.

Mar 15, 2017, 19:55 PM IST

7th Pay Commission: Panel on allowance yet to take a decision; govt employees have to wait further?

The Panel which was formed to study and submit its report in allowances recommended by the  7th Pay Commission is yet to come to a decision.

Mar 10, 2017, 11:23 AM IST

7th Pay Commission: FM Jaitley may announce hike in allowances for central govt employees soon

With the second part of the Budget session kicking off from Thursday, expectations are widely rising that Finance Minister Arun Jaitley will make key announcements on allowances.

Mar 09, 2017, 12:00 PM IST

7th Pay Commission: Central govt employees to get higher allowances from April 1

The Union Cabinet on June 29 cleared the recommendations of the 7th Pay Commission headed by AK Mathur in respect of the hike in basic pay and pension.

Mar 07, 2017, 11:44 AM IST

Gratuity ceiling for private sector employees raised to Rs 20 lakh from Rs 10 lakh

The Central government has increased the gratuity payment limit from the existing Rs 10 lakh to Rs 20 lakh. The recommendation to raise the gratuity limit was made by of the Seventh Pay Commission panel in its report.

Feb 27, 2017, 19:20 PM IST

7th Pay Commission: Centre expands ambit of panel examining CPC-related anomalies

The Centre has expanded the ambit of a panel looking into anomalies arising out of the implementation of the seventh Central Pay Commission’s recommendations.

Feb 21, 2017, 19:13 PM IST

7th Pay Commission: Allowances committee raises HRA to 30%?

Finance Secretary Ashok Lavas-led Allowances Committee reviewing the allowances under 7th Pay Commission is expected to announce its recommendations anytime soon.

Feb 20, 2017, 10:11 AM IST

7th Pay Commission: Allowance Committee likely to submit report on 20 February

The Committee of Allowances appointed by Finance Ministry to review the allowances under 7th pay commission is likley to sub,it its report on February 20. The recommendations on allowances are expected to be effective from April 1, said the central government employees body National Council JCM.

Feb 17, 2017, 19:42 PM IST

Seventh Pay Commission: SBI releases Rs 3,323 crore to Defence Pensioners

State Bank of India (SBI) on Monday said it has released arrears to the tune of Rs 3,323.24 crore of around 9.94 lakh defence pensioners under the 7th Pay Commission on December 29.

Jan 31, 2017, 00:22 AM IST

7th Pay Commission: Central govt employees expect Committee on Allowances report in February

After repeated rumours and statements on when and what the Committee of Allowances under Finance Secretary will roll out for central government employees, there is more news to fire the expectations of government employees.

Jan 21, 2017, 16:23 PM IST

Bihar's contractual teachers will get 7th pay panel benefits

Most of the contractual school teachers have been recruited between 2006 and 2015.

Jan 13, 2017, 23:24 PM IST

New income disclosure scheme to fund Pay Commission, PSU banks' recapitalisation: BofA-ML

The government is expected to raise Rs 1,00,000 crore of additional taxes under the Income Disclosure Scheme II (IDS II), which in turn will help in containing the 2017-18 fiscal deficit, says a report.

Dec 29, 2016, 13:41 PM IST

Bonanza for Central government employees: 7th Pay Commission recommendations rolled out

The government had in January 2016 had set up the high-powered panel to process the recommendations of the 7th Pay Commission which will have bearing on the remuneration of nearly 50 lakh central government employees and 58 lakh pensioners.

Dec 19, 2016, 17:16 PM IST

7th Pay Commission: Revised allowances for central govt employees to come into effect only after March 2017

Central government employees have been demanding a better monthly pay package under the 7th Pay Commission, and demanding reinstatement of all the allowances abolished or subsumed by the pay panel.

Dec 17, 2016, 07:26 AM IST

Central govt employees expect January 2017 Dearness Allowance up to 3%

Central government employees were not satisfied with the 2 percent Dearness Allowance(DA) announced by the government for July to December 2016 period. A discussion among the employees has begun what could be the expected DA in January 2017.

Dec 04, 2016, 15:13 PM IST

7th Pay Commission: No annual pay hike for non-performing govt employees

The 7th Central Pay Commission has in its report recommended withholding annual increments of non-performers in the case of those employees who are not able to meet the benchmark.

Nov 25, 2016, 11:37 AM IST

Nothing mysterious behind Rs 2.87 trillion surge in bank deposits in September: SBI Research

SBI's economic research department on Monday explained the Rs 2.87 trillion surge in bank deposits ahead of demonetisation as seasonal surge and arrears from pay hikes for government employees.

Nov 21, 2016, 23:39 PM IST