FLASH NEWS : Salient Features of 7th Pay commission recommendation

FLASH NEWS : Salient Features of 7th Pay commission recommendation

7th Pay commission report submitted

♦ Report consist 900 pages

♦ Pay Panel recommends 16% Pay hike

♦ Garde Pay and Band Pay system abolished

♦ Minumum Salary 18000

♦ Apex pay scale 225000

♦ Cabinet secreatry Pay 250000

♦ Annual increment 3%

♦ 23.5% hike in pay and allowance together

♦ Fitman formula 2.57%

♦ Group insurance increased to 50 lakhs

♦  HRA :  24% ,16% and 8%  of the Basic Pay for Class X, Y and Z cities respectively

♦ 52 Allownances abolished

♦ 36 Allowances submerged

* updated at 21.50 hrs on 19-11-2015