Page 3 - 7th Pay Commission

Govt notifies revised 7th Pay Commission recommendations for employees, pensioners

Recommendations, which will cost the exchequer annually Rs 1.02 lakh crore, were notified in a gazette on Monday

Arunachal Congress supports NJCA against Centre on 7th pay commission

APCC dubbed the recommendation as 'most disappointing'

Maharashtra: Fadnavis readies for Rs 21,000-cr mega blow

State govt to set up committee to implement 7th Pay Commission report

Haryana: Small in size, rich in financial resources

State estimates salary and pension bill at Rs 24,951 cr for 2016-17

Delhi: Well placed to absorb impact

This will take its fiscal deficit to Rs 4,840 crore, up from the budgeted amount of Rs 2,840 crore in 2016-17

Gujarat: Staring at a Rs 6,000-cr burden

According to senior state government officials, the Gujarat government paid salaries and pensions worth Rs 29,000 crore in 2015-16

Karnataka: Pay hikes due in 2017, unions get restless

The state follows a five-year cycle based on recommendations by its own pay committee, and the next revision is due in 2017

Salary for entry level jobs more in Central govt: IIM-A study

The study shows that across a majority of job roles, govt or CPSUs pay more than private companies at entry-level

NJCA to take call on July 11 strike on Wednesday

Government multiplied the minimum wage of Rs 7,000 fixed in the last pay commission with 2.57 and arrived at a minimum pay of Rs 18,000 per month

7th Pay Commission: 33 lakh government employees threaten to go on strike

This is because of widespread resentment against the meagre pay hike announced in the 7th Pay Commission

Pay panel award to boost consumption, raise savings: Ind-Ra

Ind-Ra believes the impact of pay revision of State Government employees will be felt only in FY18

7th Pay Commission: Worst pay hike in history of independent India, asserts Congress

Randeep Surjewala further said ratio between the lowest and the highest salary has increased instead of decreasing

Consumer spending to get a leg-up with 7th Pay Commission raise

Sectors such as consumer goods, retail, auto, travel & bank expect an impact

7th Pay Commission: Shot in the arm for consumption stocks

If the state governments too follow the Centre's footsteps, it should have a positive impact on consumption related-themes across markets both urban and rural

7th Pay Commission: Credit growth to see marginal growth

The immediate benefit could be seen in loans for consumer durables and vehicles linked with demand for these items

7th Pay Commission: Car & bike makers eye a bonanza

Monsoon gains, OROP to also add to purchasing power of government employees

Pay panel, global rally lift stocks

The S&P BSE Sensex gained 0.81% or 216 points to settle at 26,740 while the Nifty ended tad above 8,200 at 8,204, up by 76 points

Gujarat to bear an additional Rs 6,000-cr burden under 7th Pay Commission

However, the state government will not be levying any new taxes or hike existing taxes to recover the same

Minimum pay of govt employees will increase to Rs 18,000: Arun Jaitley

The 7th Pay Commission will be implemented from January 1, 2016

7th Pay Commission: Auto makers expect spurt in sales

Carmakers are eyeing an over 25% growth in sales to government employees and pensioners as their salaries increase