7th Pay Commission recommendations likely this year : Jaitley [Click to view larger]
7th Pay Commission recommendations likely this year : Jaitley
Friday, April 24, 2015, New Delhi: The recommendations of the 7th Pay Commission on pay revision of the central government employees is expected to be submitted to the government this year, the Lok Sabha was today informed. [View: Central government is gearing up for 7th Pay Commission]
Responding to a supplementary, Finance Minister Arun Jaitley said, ”Additional Tencent revenue share for the state being provided by the Centre from this year and the recommendations of the pay commission- that are expected to be made this year-are bound to put additional burden on the fiscal situation.”
“Keeping this in mind, we have opted to extend the deadline from two to three years for attaining the targeted mark of fiscal budgetary deficit,” he said.
Presently, the government’s annual income is around Rs 11.5 lakh crore against the expenditure of around Rs 17.5 lakh crore leaving a budgetary deficit of about Rs 5 lakh crore.
Till date central govemment has notified six pay commissions before notifying seventh in February 2014. First central pay commission was notified in 1946, Second CPC in 1957, Third CPC in 1970, Fourth CPC in 1983, Fifth in 1994 and sixth in 2006.
As such,thecentral government employees are expected to get 100 percent salary hike under the recommendations of the Seventh Pay Commission. Issues like inflation, the govemment’s financial
position and salary structure of government employees in other countries would also be considered as parts of pay panel recommendations.
The Fourteenth Finance Commission asked the pay panel to link the pay with productivity, which will be the biggest hurdle for central government employees to be got over to get salary hike.
It is interesting to note that the earlier governments never accepted to link the pay with productivity.
7th Pay Commission recommendations likely this year : Jaitley
Friday, April 24, 2015, New Delhi: The recommendations of the 7th Pay Commission on pay revision of the central government employees is expected to be submitted to the government this year, the Lok Sabha was today informed.
Responding to a supplementary, Finance Minister Arun Jaitley said, ”Additional Tencent revenue share for the state being provided by the Centre from this year and the recommendations of the pay commission– that are expected to be made this year– are bound to put additional burden on the fiscal situation.”
“Keeping this in mind, we have opted to extend the deadline from two to three years for attaining the targeted mark of fiscal budgetary deficit,” he said.
Presently, the government’s annual income is around Rs 11.5 lakh crore against the expenditure of around Rs 17.5 lakh crore leaving a budgetary deficit of about Rs 5 lakh crore. – UNI
Read at: Day & Night News
Stay connected with us via Facebook, Google+ or Email Subscription.
if this is going to be the case, let 14th finance commission prepare and present the report. why set up another body and waste precious money on their facilities or else, the advice of the FC should be rubbished straightaway. on the one hand, governments say that services of the governments do not measure in finacial terms but are seen in maintenance and promotion of welfare perspective. it is literally hard to measure several govt. services in financial terms. i really wonder whether the current govt.has stealthily allowed the FC to intervene and neutaralise the expected financial implications of the still to come 7th PC. it is time for the JCMs constituting the employees to be watchful.
COMMENTS
if this is going to be the case, let 14th finance commission prepare and present the report. why set up another body and waste precious money on their facilities or else, the advice of the FC should be rubbished straightaway. on the one hand, governments say that services of the governments do not measure in finacial terms but are seen in maintenance and promotion of welfare perspective. it is literally hard to measure several govt. services in financial terms. i really wonder whether the current govt.has stealthily allowed the FC to intervene and neutaralise the expected financial implications of the still to come 7th PC. it is time for the JCMs constituting the employees to be watchful.