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7th Pay Commission: Pay hike cheer for govt employees

Basic salary, pension to increase 2.5 times; Cabinet defers decision on allowances

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Seventh Pay Commission

Arup Roychoudhury & Indivjal Dhasmana  |  New Delhi 

The Cabinet on Wednesday approved recommendations of the Seventh Pay Commission on pay and pensions in a decision that will boost consumption by putting extra disposable income in the hands of the central government’s 4.7 million employees and 5.3 million pensioners. On an average, the hike in basic pay and pension will be 2.5 times the existing structure.

However, the existing dearness allowance will merge with the basic pay. This could revive demand in a struggling economy but could also lead to inflation, prompting Finance Minister Arun Jaitley to call the impact of the decision ...

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First Published: Thu, June 30 2016. 06:20 IST
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