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Govt likely to implement 7th Pay Commission award around September-October: Zee News

Govt likely to implement 7th Pay Commission award around September-October: Zee News

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New Delhi: The Central government employees will have to wait till September-October to get higher salaries under the 7th Pay Commission.

As per a Financial Express report, government is expecting that higher salaries released around the festival period starting with Durga Puja and Diwali will boost consumption, which will have a multiplier effect on the economy. 
Though the employees will get arrears with retrospective effect from January 1, no retrospective arrears in allowances will be given. With the move, the exchequer would be able to save around  Rs 11,000 crore. 
The commission had estimated the additional outgo in FY17 due to its award at R73,650 crore.

Read at: Zee news

COMMENTS

WORDPRESS: 1
  • cyril brown 7 years ago

    WHY HAS THE GOVERNMENT STOPPED GIVING LONE TO THE SENIOR CITIZENS INSTEAD OF RAISING THE AGE LIMIT TO 75 YRS SINCE OUR HUGE ARREARS ARE WITH THE GOVERNMENT AT VERY MEAGER INTEREST RATE .WE CANT PAY FOR OR HOUSE REPAIRS IN INSTALLMENTS OR WE CANT PAY COLLEGE FEE OF OUR CHILDREN IN INSTALLMENTS. IT IS EASY AND CONVENIENT FOR THE GOVERNMENT TO PAY US IN INSTALLMENT BUT NOT FOR RETIRED SENIOR CITIZENS . THE GOVERNMENT MUST GIVE ALL OR PENDING ARREARS IN ONE GO CUM WHAT MAY IMMEDIATELY AND THINK OF OUR PAYING PROBLEMS FOR OUR DAILY LIVING IN THESE HIGH COST OF LIVING.
    I REQUEST SOME ONE TO TAKE THIS WITH THE GOVERNMENT.

    CYRIL BROWN