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Pay News

02 Nov 2016

Builders to pay 10.9% interest for delay in house delivery

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7th Pay Commission

07 Oct 2016

7th Pay Commission: Government to vet revised pay of employees, recover the excess

The government has implemented the 7th Pay panel recommendation of a hike of 2.57 times in basic salary of employees with effect from January 1. It has paid about Rs 56,000 crore as wage arrears in August salary of employees.

25 Sep 2016

7th Pay Commission: Panel award to spur savings more than consumption, says UBS

Global brokerage UBS has taken a contrarian line to the general view that the 7th Pay panel award would boost demand, saying the move is expected to drive savings more than consumption.

7th Pay Commission

19 Sep 2016

7th Pay Commission to help revive investment activity in India: D&B

Investment cycle is likely to see an improvement in medium-term largely driven by improved rural income due to normal monsoon and rise in consumption owing to the 7th Pay Commission awards, says a report.

7th Pay Commission

08 Aug 2016

7th Pay Commission: Durables, auto to gain from Rs 45,000 crore bonanza

Sales of consumer durables and automobiles are to set witness a significant surge in the next couple of months as the government is expected to disburse an initial amount of Rs 45,000 crore in August and September to implement the 7th pay panel recommendations, says a report.

07 Aug 2016

7th Pay Commission: Retired central government employees to get minimum pension of Rs 9,000

Retired central government employees will now get a minimum pension of Rs 9,000, up 157.14 percent from the current Rs 3,500, following the implementation of the 7th Pay Commission's recommendations.

31 Jul 2016

'7th Pay commission, GST to help increase demand in H2'

After witnessing a sluggish first half, FMCG firm Godrej Consumer Products Ltd (GCPL) expects demand to be better in the remaining period of the year with implementation of 7th Pay Commission and passing of GST likely to increase consumption.

7th Pay Commission

07 Jul 2016

7th Pay Commission: Central govt employees unions defer July 11 strike; panel to look into demands

Central government employees' unions Wednesday deferred by four months their proposed indefinite strike from July 11 against 7th pay panel's recommendations after government agreed to set up a high-level committee to look into their grievances.

7th Pay Commission

29 Jun 2016

7th Pay Commission: How it will benefit central govt employees and pensioners!

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.

13 Apr 2016

Good news! Pre-2006 central government retirees to get pension hike

Pre-2006 pensioners will now get a hike in pension, in addition to the arrears, as the Centre has done away with a provision of having 33-year service for earning full pension.

07 Mar 2016

Seventh pay commission allocated Rs 70,000 crore in Budget 2016

As much as Rs 70,000 crore has been provisioned in the Union Budget 2016-17 for implementation of Seventh Pay Commission for government employees, a top finance ministry official said.

29 Feb 2016

Govt to prioritise expenses; Pay Commission, OROP additional burden

Government will prioritise its expenditure as the outgo due to the 7th Central Pay Commission award and implementation of One Rank One Pension (OROP) for defence forces will lead to additional burden on the exchequer, Finance Minister Arun Jaitley said Monday.

7th Pay Commission

14 Feb 2016

Implementation of 7th Pay Commission to impact govt's fiscal math: Deutsche Bank

According to the global financial services firm, the government is likely to meet its fiscal deficit target for the fiscal but may settle for a higher fiscal deficit target of 3.8 percent for 2016-17.

7th Pay Commission

26 Nov 2015

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

25 Nov 2015

7th Pay Commission report: Five key innovative recommendations

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

7th Pay Commission

24 Nov 2015

7th Pay Commission report: No annual increment for non-performing employees

The Pay panel has also recommended introduction of the Performance Related Pay (PRP) for all categories of central government employees.

20 Nov 2015

Seventh Pay Commission recommendations to cost Rs 1.02 lakh crore to govt

The hefty increase in salary and allowances of central government employees and pensioners following the implementation of the 7th Pay Commission recommendations will put a strain on exchequer to the tune of Rs 1.02 lakh crore in 2016-17, or 0.65 percent of GDP.

7th Pay Commission

20 Nov 2015

SSC: 7th Pay Commission for gratuity, fully-funded 1-year course

Seeking to infuse more young blood into the armed forces via the Short Service Commission, the 7th Pay Commission Thursday recommended that they be paid gratuity and entitled to a fully-funded one-year course at a premier institute of higher learning.

7th Pay Commission

21 Nov 2015

Big bonanza for central govt employees: 7th Pay Commission proposes 23.55% hike in salary; minimum pay of Rs 18,000

In percentage terms, the overall increase in pay and allowance and pensions over the business-as-usual scenario will be 23.55 percent. Within this, the increase in pay will be 16 percent, in allowances 63 percent and in pension would be 24 percent. For 23.5% Salary Hike, Minimum Pay of Rs. 18000:

07 Sep 2015

90% employees complain about salary disparity: Survey

According to a survey by JobBuzz.In, the employer rating platform from TimesJobs.Com, employees believe their companies pay external hires and favourites more.

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