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7th Pay Commission
By : sweetneha11 |
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Type : Public
Created on :
26 Sep 2013
Last Updated on :
26 Sep 2013 |
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7th Pay Commission
The government announced the setting up of the Seventh Central Pay Commission (CPC) ahead of elections, heralding the prospect of salary increases for nearly 80 lakh employees and pensioners, although the actual revisions will take about three years or so and could put finances under strain at the time.
"The average time taken by a Pay Commission to submit its recommendations has been about two years. Accordingly, allowing about two years for the 7th CPC to submit its report, the recommendations are likely to be implemented with effect from 1.1.2016," Finance Minister P Chidambaram said in a statement issued by the government on Wednesday.
The Sixth Pay Commission came into effect on January 1, 2006. Prime Minister Manmohan Singh has approved the constitution of the Seventh Pay Commission, Chidambaram said in the statement. The commission’s terms of reference and its members will be announced later. Five state governments go to the polls in November while general elections are expected to be held in May next year. More
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