Breaking News : Cabinet Approves 7th pay Commission recommendations
Today the Union Cabinet approved 7th pay commission recommendations.
Pay Commission will be implemented from 1st January 2016
It appears that there is no change in the Recommendations in respect of Minimum Pay and Allowances
Reports says that Minimum pay is Rs.18000/ and maximum pay Rs.is 2,50,000
The Pay commission recommended Minimum pay Rs.18,000 with increase of 14.29%. The same is approved without any change.
Govt maintains that the amount of increase is 23.45% including Allowance
Through this cabinet approval for 7th Pay commission
58,00,00 Pensioners will be Benefitted
50 lakhs Govt servants will be benefitted
This move at a cost of 1Lakh crores
More details awaited .. will be updated soon