Maha govt employees to get 7th pay panel salaries from Diwali
The government employees in Maharashtra are set for a pay hike from Diwali this year. The state government will implement recommendations of the Seventh Pay Commission for its employees from Diwali (which falls in November this year), finance minister Sudhir Mungantiwar told PTI today
The government employees in Maharashtra are set for a pay hike from Diwali this year. The state government will implement recommendations of the Seventh Pay Commission for its employees from Diwali (which falls in November this year), finance minister Sudhir Mungantiwar told PTI today. "The Seventh Pay Commission will be our Diwali gift to employees," he said.
The decision will benefit 19 lakh government employees across the state. It will put a financial burden of Rs 21,530 crore on the state exchequer, Mungantiwar said. "The finance department made provisions of Rs 10,000 crore in its annual budget presented in March this year," he said. The remaining provisions will be made through supplementary demands or in the next year's budget, he said.
The government is also considering the demand for granting child care leave (CCL) for two years (730 days) to women government employees and 15 days paternal leave for male staffers, Mungantiwar said. The state government is also studying a proposal to start a five-day week working system for its employees, he said.
Watch this Zee Business video here:
"The proposal for increasing the working hours of government employees by 15 minutes against a weekly off on every Saturday is being studied," he added.
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
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
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
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
01:54 PM IST