Salaries to go up by at least 30 percent after Seventh Pay Commission: All you need to know
The Ministry of Finance has prepared its recommendations for the Seventh Pay Commission. The announcement of changes has been done and the ministry will implement them from January 1, 2016. The deadline of preparation was initially scheduled for August but was later extended to December this year. The Government of India makes some changes to its financial module every 10 years. This time, Justice A. K. Mathur led the team of experts who prepared the recommendations. The commission is said to increase benefits for the central government employees. However, there are some provisions that may not go down well for the staff, as there is news of a scheme of salary deduction. Here are nine key points you must know about the Seventh Pay Commission: 1. Around 48 lakh central government employees and 55 lakh pensioners will benefit from the Seventh Pay Commission. 2. The Pay Commission was set up by the UPA government during its regime. The recent changes have come under the ...

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