Seventh Pay Commission: Here is the list who all are set to get benefit
New Delhi, Apr 10: The implementation of Seventh Pay Commission will not only bring cheers to employees of Central government but host of other professionals will also get indirect benefit.
The recommendations of the much awaited Seventh Pay Commission is likely to be implemented from July this year.
Pay Commission will be implemented after cabinet will give it a final approval. Currently, the Implementation cell of the Empowered Committee of Secretaries is trying to address various issues with it.
After giving final touch to the report, Empowered Committee will send recommendations to PMO for its nod. Once PMO will through the report, it will be placed before the Cabinet.
Real estate: This sector is likely to be benefitted once the recommendations of the Seventh Pay Commission implemented. This may result in sale of houses in tier 1 and 2 cities as most of the employees reside in these cities.
Automobile Industry: It may bring rejoice of car dealers also. The auto sector is expecting increase in sale of two-wheelers, compact and small cars.
Consumer durables: This sector is also expecting rise in demand once the recommendations will be implemented.
Banking sector: If reale estate, auto sector and consumer durables witness rise in demand it will result into demand of consumer loans also.
So all these sectors will become indirect beneficiaries of the Seventh Pay Commission.