Latest on 7th Pay Commission – By Jayant Sinha in Rajya Sabha
- New pay scales to put extra burden of whopping Rs 1.02 lakh cr in FY17
- The implementation of recommendations would be after approval of the Cabinet
- Cabinet approval on completion of screening of suggestions by EC of Secretaries
- 7th Pay Commissions recommendation will take effect from January 1, 2016.
- The announcement of DA has no impact on the recommendations of 7th CPC.
- The outgo towards HRA will increase by Rs 17,200 crore to Rs 29,600 crore.
- The outgo on pension front will be Rs 1.76 lakh crore (increase of Rs 33,700 crore)
- The outgo on on other allowance will be Rs 36,400 crore (up Rs 12,100 crore).
7th Pay Commission 2016: New pay scales to put extra burden of whopping Rs 1.02 lakh cr in FY17
PTI
7th Pay Commission 2016: Implementation of new pay scales recommended by the Seventh Pay Commission is estimated to put an additional burden of Rs 1.02 lakh cr, or 0.7 per cent of GDP, on the exchequer in 2016-17, government said today.
The implementation of recommendations of the 7th Pay Commission report, however, would be after approval of the Cabinet on completion of screening of suggestions by a high-level panel of secretaries, the Rajya Sabha was informed today.
The implementation of the new 7th Pay Commission pay scales is estimated to put an additional burden of Rs 1.02 lakh crore (or 0.7 per cent of GDP at current market prices) on the exchequer in 2016-17. Subject to acceptance by the government, they will take effect from January 1, 2016.
In a written reply, Minister of State for Finance Jayant Sinha also said that the announcement of Dearness Allowance has no impact on the recommendations of the Pay Commission.
Giving details of financial implications of the recommendations, Sinha said the burden on pay head would increase by Rs 39,100 crore to about Rs 2.83 lakh crore in the current fiscal. Without the 7th Pay Commission recommendations, the outgo would have been Rs 2.44 lakh crore.
The outgo towards HRA will increase by Rs 17,200 crore to Rs 29,600 crore. The outgo on pension front will be Rs 1.76 lakh crore (increase of Rs 33,700 crore) and on other allowance will be Rs 36,400 crore (up Rs 12,100 crore).
The Empowered Committee of Secretaries headed Cabinet Secretary P K Sinha to process the recommendations of the 7th Pay Commission was set up in January.
The recommendations of the 7th Pay Commission report will have bearing on the remuneration of 47 lakh central government employees and 52 lakh pensioners.
Read at Financial Express
COMMENTS
If a noose awaits your neck, bend down take it graciously. Inevitable 7CPC is a burden on the nation, but the government to exist have to keep its words gracefully and not cheat as it did with soldiers, for these civilians are more dangerous in hurting the nation.