7th Pay Commission: Empowered panel to put final touches on report this weekend
The Empowered Committee of Secretaries led by Cabinet Secretary PK Sinha will meet on June 11 to make the final changes to the 7th Pay Commission's recommendations.
A meeting will be held this weekend to put final touches to the recommendations for the 7th Pay Commission which will impact the wages of lakhs of government employees, according to a Zee News report.
Earlier, it was reported that the Empowered Committee of Secretaries led by Cabinet Secretary PK Sinha will meet on June 11 to make the final changes to the 7th Pay Commission's recommendations.
After the meeting is finished, it will only be a few days before the Finance Ministry implements higher pay packages for central government employees.
The Secretaries' group has recommended a wage hike of Rs 21,000 and Rs 2.7 lakh for the lower and upper level, respectively. This is Rs 3,000 more for the lower level and Rs 20,000 more for the upper level prescribed by the 7th CPC.
The wage hikes will impact the salary packages of 47 lakh central government employees and 52 lakh pensioners.
On Saturday last week Central government employees have decided to go on strike from July 11 in a last effort to get a better pay hike from the implementation of the 7th Pay Commission.
The union has been demanding a minimum salary hike of Rs 26,000 against Rs 18,000 recommended by the 7th Pay Commission, according to a Zee News report.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
10:46 AM IST