Union Government issues notification for implementation of 7th Pay Commission

Posted on:27 Jul 2016 09:08:56
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.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs September 2017

19 SEPTEMBER
NEWS
18 SEPTEMBER
NEWS
16 SEPTEMBER
NEWS
15 SEPTEMBER
NEWS

Current Affairs August 2017

31 AUGUST
NEWS
30 AUGUST
NEWS
29 AUGUST
NEWS
28 AUGUST
NEWS

Current Affairs July 2017

31 JULY
NEWS
29 JULY
NEWS
28 JULY
NEWS
27 JULY
NEWS