New Delhi, May 17: There is a good news for the central government employees who are waiting for the Seventh Pay Commission's implementation.
If reports are to be believed then the arrears from January 2016, will be disbursed only August onwards.
As much as Rs 70,000 crore has been provisioned in the Union Budget 2016-17 for implementation of Seventh Pay Commission for government employees.
Implementation of the pay commission report in toto is to cost the government Rs 1.02 lakh crore.
The government in January set up a high-powered panel headed by Cabinet Secretary P K Sinha to process the recommendations of the 7th Pay Commission which will have bearing on the remuneration of 47 lakh central government employees and 52 lakh pensioners.
Implementation of new pay scales recommended by the 7th Pay Commission headed by AK Mathur estimated to put an additional burden of Rs 1.02 lakh crore, or 0.7 percent of GDP, on the exchequer in 2016-17, government has said.
The recommendations of the Pay Commission will have bearing on the remuneration of 47 lakh central government employees and 52 lakh pensioners.
If reports are to be believed then the proposal of minimum pay of 24,000 will be taken into consideration and the reasonable expectations of central government employees will be met while announcing the salary hikes in accordance with the 7th pay commission.