Published On: Thu, Nov 19th, 2015

Seventh Pay Commission hikes pay by 23.55 per cent; grade pay, pay bands abolished

New Delhi: The Seventh Pay Commission today submitted its reports of 23.55 per cent pay hike of central government employees to the Finance Minister Arun Jaitley.

 The Seventh Pay Commission today submitted its reports to Finance Minister Arun Jaitley

The Seventh Pay Commission today submitted its reports to Finance Minister Arun Jaitley

It will benefit 47 lakh serving employees of the government and 52 lakh pensioners.

The pay commission has suggested a minimum salary of Rs 18,000 per month and maximum of Rs 2.25 lakh a month for apex scale. Cabinet secretary will get a salary of Rs 2.5 lakh a month.

The overall increase in salary, allowances and pensions is 23.55%. The increase in pay is 16%, allowances will be higher by 63% while pensions will rise 24%.

The system of grade pay and pay bands has been abolished.

The pay commission award usually leads to a higher demand for the automobile sector and real estate.

TST

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