March 2017 Current Affairs
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February 2017 Current Affairs
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January 2017 Current Affairs
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December 2016 Current Affairs
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November 2016 Current Affairs
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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.


March 2017 Current affairs
23 MAR
NEWS
22 MAR
NEWS
21 MAR
NEWS
20 MAR
NEWS
18 MAR
NEWS
17 MAR
NEWS

February 2017 Current affairs
28 FEB
NEWS
27 FEB
NEWS
25 FEB
NEWS
24 FEB
NEWS
23 FEB
NEWS
22 FEB
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January 2017 Current affairs
31 JAN
NEWS
30 JAN
NEWS
28 JAN
NEWS
27 JAN
NEWS
25 JAN
NEWS
24 JAN
NEWS

December 2016 Current affairs
31 DEC
NEWS
30 DEC
NEWS
29 DEC
NEWS
28 DEC
NEWS
27 DEC
NEWS
26 DEC
NEWS

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



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