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Showing posts with the label Pay Panel

7th Pay Commission: Cabinet approves big pay hike for government employees

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7th Pay Commission: Cabinet approves big pay hike for government employees The union cabinet, led by Prime Minister Narendra Modi, on Wednesday approved the recommendations of the Seventh Pay Commission, a move which will boost consumption by putting extra disposable income in the hands of the central government’s 4.7 million employees. The   Seventh Pay Commission   (7th CPC) had recommended a 23.5 per cent increase in pay, pension and allowances under a ‘business as usual’ scenario. It had envisaged an increase in pay of Rs 39,100 crore, increase in allowances of Rs 29,300 crore and increase in pension of Rs 33,700 crore, taking the total financial impact for 2016-17 to Rs 1.02 lakh crore. The   pay panel   revisions are in force retrospectively from January 1, 2016. Finance Minister Arun Jaitley had said before the budget that he would provide Rs 1.1 lakh crore and the budget documents showed that Rs 1.06 lakh crore has been provided for. The centre ...

Railway union flays 'retrograde' proposals

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The recommendations of the Seventh Central Pay Commission (7th CPC)   would reduce, rather than increase, the “take home” salary of 90 per cent of the Indian Railways’ workforce, the largest railway trade union has alleged. The recommendations are effective from the current month and would lead to a total annual wage burden of Rs 28,000 crore, the government estimates. The National Federation of Indian Railwaymen (NFIR), that represents more than 90 per cent of the railways’ workforce, has said 1.3 million railway employees are “seriously disturbed” over what they call retrograde recommendations of the panel with regard to their pay structure as their take-home salary would be less than what they currently receive, particularly employees living in government accomodation. “Those being covered against pay levels 1 to 12 of the seventh CPC Pay Matrix are approximately 90 per cent of the workforce in the Indian Railways and these employees are seriously disappointed as their ‘tak...