December 2016 Current Affairs

November 2016 Current Affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS

October 2016 Current Affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current Affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current Affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS

Union Government issues notification for implementation of 7th Pay Commission

Union Government issues notification for implementation of 7th Pay Commission
27 July 2016 Current Affairs: The Union Government has issued notification for the implementation of 7th Pay Commission. It was issued as per the Cabinet approval in June 2016. With this issuance, 4.8 million central government employees and 5.2 million pensioners will get the increased payout from their August 2016 salaries. Besides, Union Government has given CBSE chief Rajesh Kumar Chaturvedi an additional charge of Chief of the implementation cell of the Seventh Central Pay Commission.

The 7th Pay Commission hike will result in increase in salaries of central government employees in the range of 7 thousand rupees to 18 thousand rupees per month. 

A fitment factor of 2.57 will also apply for pay revision of all employees and the rate of annual increment has been retained at 3%. There will be two dates for grant of increment i.e. on January 1 and July 1 every year – instead of the existing July 1 only. Employees will be entitled to only one annual increment on either of these two dates depending on the date of appointment, promotion or grant of financial upgradation.

 It is estimated that the total burden on the exchequer on account of the 7th Pay Commission recommendation will be 1.02 lakh crore rupees in 2016-17. There will be an additional impact of 12,133 crore rupees on arrears and of salary and pension for two months.

The 7th Pay Commission headed by Justice AK Mathur had recommended 14.27 per cent hike in basic pay at junior levels in November 2015. The Commission had recommended changes in the pay of around 1 crore individuals which includes 33 lakh central government employees, 14 lakh armed forces personnel, and 52 lakh pensioners.


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2016 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail

Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.

Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.