Those expecting good news beyond the 7th Pay Commission would closely watch the union budget.
Some good news is expected to be announced in the Union Budget to be presented by Finance Minister, Arun Jaitley.
What to expect in the budget
The government is likely to allocate money for the hike in the budget. This could come as a major relief for the Central Government employees who have been waiting for good news on this subject.
If Budget approves then what
Reports suggest that while the money would be allocated in the budget, it is unclear when the same would come into effect. Reports also suggest that it may not roll out immediately, but may happen sometime later this year. Report suggest that if the same makes it to the budget then it could come into effect from April.
What is Arun Jaitley saying
Sources say that Jaitley has not yet given his nod on the issue. Discussions have taken place, but it remains to be seen whether this would make it to the final pages of the Union Budget.
Hike beyond 7th Pay Commission
There was a delay for the hike beyond the 7th Pay Commission since the government had no funds in 2018. Jaitley had said that the hike would be decided after discussions are held with all stakeholders.