As per Hindu Businessline News the Cabinet approved terms of reference for seventh pay commission. This includes merging dearness allowance above 50 per cent with basic pay. The excerpt of Hindu Businessline News is reproduced below:-
Ahead of general election, the Centre today took key decisions to woo minorities and Government employees.
For minorities, the Cabinet has decided to form equal opportunity commission as suggested by Sachhar Committee. This commission will suggest ways to ensure equal opportunities in jobs, education and even finding house on rent for minorities. The commission is expected to be constituted soon.
Terms of reference for 7th pay commission
In order to benefit over 50 lakh employees and over 30 lakh pensioners, the Cabinet also approved terms of reference for seventh pay commission. This includes merging dearness allowance above 50 per cent with basic pay. Currently DA is around 90 per cent of basic pay and another hike of 10 per cent is expected soon. DA is calculated on the basis of change in retail inflation.
Click here to view Hindu Business Line News
Major Employees websites like Staffcorner & Gconnect have also shared this news
Confederation message regarding 7th CPC Terms of Reference
It is informed that DOP&T has finalized the terms of reference of Seventh Central Pay Commission and submitted to Cabinet for approval. Details of the terms of reference finalized by DOP&T is not disclosed to the staff side. Details will be known only after the Cabinet meeting which is likely to be held today evening or tomorrow. (Date of Cabinet Meeting not confirmed)
Posted by Confederation Of Central Government Employees at 5:56 PM 20-02-2014
Details of news is awaited….