Finance Ministry is preparing a Cabinet note and the issue may come up for approval by the Cabinet as early as June 29
After considering the increase proposed in allowances, the hike in remunerations comes to 23.55%
The government is likely to soon announce the implementation of 7th Pay Commission that would hike the salaries and allowances for over 1 crore government employees and pensioners by at least 23.5 per cent. A Committee of Secretaries headed by Cabinet Secretary P K Sinha has submitted its report on the recommendations of the 7th Pay Commission which may be accepted, a financial ministry official said