Cabinet Committee May Decide 7th Pay Commission Report On 29.6.2016 (Wednesday)
15-20 per cent hike likely in Seventh Pay Commission, decision on Wednesday
Highly placed sources have told India Today that Prime Minister Narendra Modi has asked the Finance Ministry to place the recommendations of the Cabinet Secretary’s report on the seventh Pay Commission in the next Cabinet meeting on June 29.
In what promises to be a big bonanza for central government employees, a hike of 15-20 per cent in salaries is expected to be proposed under the Seventh Pay Commission.
Highly placed sources have told India Today that Prime Minister Narendra Modi today asked the Finance Ministry to place the recommendations of the Cabinet Secretary’s report on the seventh Pay Commission in the next Cabinet meeting on June 29.
Sources say that government employees are likely to get a pay hike of between 15-20 per cent over their current compensation with sources saying the recommendations of the pay commission are likely to be accepted by the Modi government.
In January, the government had set up a high-powered panel headed by Cabinet Secretary PK Sinha to process the recommendations of the Seventh Pay Commission.
Over 98.4 lakh government employees will be impacted by the Seventh Pay Commission recommendations. This figure includes 52 lakh pensioners
Source: www.indiatoday.in
Gratuity celling limit 10 to 20 for govt employee or all employees of ltd company.