Pay hike won't breach fiscal deficit targets: Finance Ministry
A day after the Pay Commission proposed 23.55 percent rise in salaries and pensions of central government employees, the Finance Ministry on Friday expressed confidence that the fiscal deficit targets will not be breached because of absorbing the Rs 1.02 lakh crore bill.
Nov 20, 2015, 16:16 PM IST
7th Pay Commission report: OVERVIEW
Here is the overview of 7th Pay Commission report.
Nov 20, 2015, 14:01 PM IST
'7th Pay Commission proposals to challenge fiscal consolidation maths'
The recommended 23.55 percent hike in remuneration for central government employees, if fully implemented, will add to the challenges the government faces in achieving its fiscal consolidation target, Fitch Ratings said.
Nov 20, 2015, 12:41 PM IST
Share Bazaar Live: 7th Pay Commission Special Report
7th Pay Commission hands over the report to the Finance Minister, Arun Jaitley. Check out all about the report in this segment.
Nov 20, 2015, 11:55 AM IST
7th Pay Commission report: Financial implications
The total impact of the Commission’s recommendations are expected to entail an increase of 0.65 percentage points in the ratio of expenditure on (Pay+Allowances+ Pension) to GDP compared to 0.77 percent in case of 6th Pay Commission.
Nov 20, 2015, 11:07 AM IST
7th Pay Commission report: House Rent Allowance
The 7th Pay Commission has recommended that HRA be paid at the rate of 24 percent, 16 percent and 8 percent of the new Basic Pay for Class X, Y and Z cities respectively.
Nov 20, 2015, 10:00 AM IST
Key facts of 7th Pay Commission report
7th Pay Commission Report: Rate of house rent allowance be revised to 27 percent, 18 percent and 9 percent when dearness allowance crosses 50 percent, and to 30 percent, 20 percent and 10 percent when it crosses 100 percent.
Nov 20, 2015, 09:38 AM IST
Full Report of 7th Pay Commission
The entry level pay has been recommended to be raised to Rs 18,000 per month from current Rs 7,000 while the maximum pay, drawn by the Cabinet Secretary, has been fixed at Rs 2.5 lakh per month from current Rs 90,000.
Nov 20, 2015, 08:50 AM IST
7th Pay Commission proposes 23.55% hike in salary, lowest in 70 years
Seventh Pay Commission report: For the Secretaries, maximum pay has been fixed at Rs 2.25 lakh as against Rs 80,000 currently.
Nov 20, 2015, 08:39 AM IST
7th Pay Commission recommends 23.55% hike in salary for central govt employees; minimum salary set at Rs 18,000 per month
A minimum pay of Rs 18,000 per month and a maximum of Rs 2.5 lakh per month has been recommended by the Commission, headed by Justice A K Mathur, that presented its 900-page report to Finance Minister Arun Jaitley.
Nov 19, 2015, 22:15 PM IST
