By : Oneindia Video Team
Published : January 02, 2018, 03:10
Duration : 02:11
7th Pay Commission recommendations is impacting inflation says Government
The 7th Pay Commission report is having an impact on inflation. The other reasons for this impact on inflation expected to go up in December are the rising oil prices, GST effect etc. The Rajya Sabha was informed that the implementation of the 7th Pay Commission report however, would be after approval of the Cabinet on completion of screening of suggestions by a high-level panel of secretaries. In a written reply, Minister of State for Finance Jayant Sinha also said that the announcement of Dearness Allowance has no imp act on the recommendations of the Pay Commission. He further said that the burden on pay head would increase by Rs 39,100 crore to about Rs 2.83 lakh crore in the current fiscal. Without the 7th Pay Commission recommendations, the outgo would have been Rs 2.44 lakh crore, he also said.