7th Pay Commission Latest News 2024: Today Seventh Pay Commission as the Central government
employees will be happy as India 7th (Seventh) Pay Commission likely
to recommend pay hike up to 30% or even more as per news hear from sources. Also there is 5 to 6% increment on performance-based
every year, HRA (House Rent Allowance) could be hiked by 10% to 30%, Education
allowance and those who are under performing could retire by 55 years of age or
after 30 years of service by VRS mode. The
Seventh (7th) Pay Commission's recommendations will be implemented
from January 1, 2016 through India as committee report going to submit soon to FM. Further information of 7th Pay Commission
India regarding wage hike, salary calculator, increments etc is mentioned below………………..
7th Pay Commission Salary Calculator
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7th Pay Commission |
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Domain |
https://doe.gov.in/seventh-cpc-pay-commission |
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Salary |
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Available Now.. |
Alerts: There is no announcement on minimum wages of central govt. employees in 2024 Budget...........
>> The chances are that the government may well hold off on announcing any 7th pay commission based hike at all to ensure the treasury is not depleted..................
>> The Committee on Allowances, headed by Finance Secretary Ashok Lavasa, is likely to submit its report on higher allowances under the 7th Pay Commission to the Finance Minister Arun Jaitley today.................
Some analysts are hopeful that the government will implement Seventh Pay Commission-related allowance hikes after the Budget 2017, which is scheduled for today the February 1. The Centre implemented the 7th Pay Commission (CPC) pay hikes in September 16 and is expected to implement the allowance hikes in March after the state elections, domestic brokerage Religare said in a report. This will boost the income of one crore central government employees and pensioners, the brokerage added................
The Gazette of 7th Pay Commissions has been published now (can see in image given below...). 7th Pay Commission recommendations now approved by PM Narendra Modi-led cabinet today and it’s a news that will greatly cheer one crore government employees! The acceptance of 7th Pay Commission recommendations will also be a big boost for consumption demand in the economy. The government has approved a minimum pay hike of 20% and a maximum of 25%. The 7th Pay Commission’s recommendations are effective from January 1, 2016.....
The implementation of much awaited Seventh Pay
Commission soon to become a reality as the Cabinet is expected to
approve it in next 15 days.
The Empowered Committee of Secretaries headed by P K Sinha held a
meeting on Tuesday in which it has recommended 30 per cent more than the
basic salary proposed by the pay panel in its November report.7th CPC recommendations and Charter of Demands — Reg NJCA National Joint
Council of Action 4, State Entry Road, New Delhi — 110055
No.NJC/2016/7th CPC March 7, 2016 To Cabinet Secretary, Government of
India & Chairman, National Council/JCM Subject:- 7th CPC
recommendations and Charter of Demands. Central staff salaries may go up by 23%, Pension up by 24% and virtual OROP for civilians is given by panel suggestions in report submit to Finance Minister Arun Jaitely in New Delhi.........................
>> The chances are that the government may well hold off on announcing any 7th pay commission based hike at all to ensure the treasury is not depleted..................
>> The Committee on Allowances, headed by Finance Secretary Ashok Lavasa, is likely to submit its report on higher allowances under the 7th Pay Commission to the Finance Minister Arun Jaitley today.................
Some analysts are hopeful that the government will implement Seventh Pay Commission-related allowance hikes after the Budget 2017, which is scheduled for today the February 1. The Centre implemented the 7th Pay Commission (CPC) pay hikes in September 16 and is expected to implement the allowance hikes in March after the state elections, domestic brokerage Religare said in a report. This will boost the income of one crore central government employees and pensioners, the brokerage added................
The Gazette of 7th Pay Commissions has been published now (can see in image given below...). 7th Pay Commission recommendations now approved by PM Narendra Modi-led cabinet today and it’s a news that will greatly cheer one crore government employees! The acceptance of 7th Pay Commission recommendations will also be a big boost for consumption demand in the economy. The government has approved a minimum pay hike of 20% and a maximum of 25%. The 7th Pay Commission’s recommendations are effective from January 1, 2016.....
ANNEXURE - I
The 7th Pay commission recommends a 24% hike in salary levels of
central government employees which implies an incremental delta in salaries of
approximately Rs. 1022bn (0.65% of the GDP).
7th
CPC if implemented has a potential to see the following demand trends:
A) Premiumization across categories
B)
Consumer discretionary spends
Auto
Housing
Media and Entertainment
Leisure Travel
Healthcare
Consumer durables
C) Retail
Banking and Financial services
For details, refer the attached note: 7th
Pay Commission Report - Initial ThoughtsDetails of 7th Pay Commissions India Salary Features:
According to Mint report, as a result of the recommendations
of the Sixth (06th) Pay Commission, pay and allowances of Union
government employees became more than doubled between 2007-2008 and 2011 from
Rs.74,647 crore to Rs.166,792 crore. The
Department of Personnel and Training will examine the recommendations and
consult the Finance Ministry so its term was extended by 04 months till
December 31, 2015 to give its recommendations on revising emoluments for nearly
48 lakh central government employees and 55 lakh pensioners. The Commission,
whose recommendations may also have a bearing on the salaries of the state
government staff, was given more time by the Union Cabinet just a day before
its original 18-month term was to end. “Justice AK Mathur”, the Commission was
appointed by the previous UPA government in February 2014…...
Central Government Employees Group Insurance Scheme (CGEGIS): The Pay Commission has made some changes to Central Government Employees Group Insurance Scheme. The recommended rates are as follows:
Medical changes: The 7th Pay Commission has
recommended a Health Insurance Scheme for Central Government employees
and pensioners. The report also recommends cashless medical benefit for
pensioners outside CGHS area.
Pension: The Commission suggests a revision in the current pension scheme. They recommend a revised pension formulation for civil employees including CAPF and Defence Personnel who have retired before 01.01.2016. The new formulation will focus on bringing parity between existing pensioners and current retirees. The new pension will be calculated by placing the past pensioners on the new Pay Matrix system. Later, the pension amount will be arrived at by adding the number of increments a pensioner has earned in that level while in active service at the rate of 3% p.a. 50% of the so arrived amount will be the new pension. A pensioner will get a multiple of 2.57 times the current basic pension.
Gratuity: The Commission recommends the ceiling of gratuity to be increased from the current Rs.10 lakh to Rs.20 lakh. They further recommend that the ceiling on gratuity may be raised by 25% when the DA rises by 50%.
Disability Pension for Armed Forces: Instead of the current percentile based disability pension regime, The Commission has recommended to implement a slab-based system for disability element.
"The Commission is ready with recommendations and the report will be submitted soon," according to sources………..
Central Government Employees Group Insurance Scheme (CGEGIS): The Pay Commission has made some changes to Central Government Employees Group Insurance Scheme. The recommended rates are as follows:
| Level of employee | Present monthly deduction in Rupees | Present insurance amount in Rupees | Recommended monthly deduction in Rupees | Recommended insurance amount in Rupees |
| 10 and above | Rs.120 | Rs.1,20,000 | Rs.5000 | Rs.50,00,000 |
| 6 to 9 | Rs.60 | Rs.60,000 | Rs.2500 | Rs.25,00,000 |
| 1 to 5 | Rs.30 | Rs.30,000 | Rs.1500 | Rs.15,00,000 |
Pension: The Commission suggests a revision in the current pension scheme. They recommend a revised pension formulation for civil employees including CAPF and Defence Personnel who have retired before 01.01.2016. The new formulation will focus on bringing parity between existing pensioners and current retirees. The new pension will be calculated by placing the past pensioners on the new Pay Matrix system. Later, the pension amount will be arrived at by adding the number of increments a pensioner has earned in that level while in active service at the rate of 3% p.a. 50% of the so arrived amount will be the new pension. A pensioner will get a multiple of 2.57 times the current basic pension.
Gratuity: The Commission recommends the ceiling of gratuity to be increased from the current Rs.10 lakh to Rs.20 lakh. They further recommend that the ceiling on gratuity may be raised by 25% when the DA rises by 50%.
Disability Pension for Armed Forces: Instead of the current percentile based disability pension regime, The Commission has recommended to implement a slab-based system for disability element.
"The Commission is ready with recommendations and the report will be submitted soon," according to sources………..
The Commission, whose recommendations may also have a bearing on
the salaries of the state government staff, was given more time by the Union
cabinet just a day before its original 18-month term was coming to an end.
Headed by justice A K Mathur, the Commission was appointed in
February 2014 and its recommendations are scheduled to take effect from 1st
January 2016.
About Pay Commission:
The government of India constitutes the Pay Commission almost every 10 years to revise the pay scale of its employees and often these are adopted by states after some modifications. As part of the exercise, the Commission holds discussions with various stakeholders, including organizations, federations and groups representing civil employees as well as Defence services. Meena Agarwal is Secretary of the Commission. Other members of the commission are Vivek Rae, a retired IAS officer of 1978 batch and Rathin Roy, an economist.
The 6th Pay Commission was implemented with effect from
January 1, 2006, the fifth from January 1, 1996 and the fourth from January 1,
1986. 7th Pay Commission is ready with its recommendations on
revising emoluments for nearly 48 lakh central government employees and 55 lakh
pensioners, and will soon submit report to the finance ministry.
The government constitutes the Pay Commission almost every 10
years to revise the pay scale of its employees and often states also implement
the panel's recommendations after some modifications.
As part of the exercise, the Commission holds discussions with
various stakeholders, including organizations, federations, groups representing
civil employees as well as defence services.
Its recommendations’ impact need not give us jitters because the
rise in government wages will amount to only 0.8 per cent of GDP. The report of
the Seventh Pay Commission (SPC) is set to be announced soon. The new pay scales
will be applicable to Central government employees with effect from January
2016…
>> The annual increment in the Central
government is 3 per cent. Adding dearness allowance increases of around 5 per
cent, we get an annual revision of 8 per cent. This is not good enough, because
pay at the top in the private sector has increased exponentially.
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