Pay Commission Updates

7th Pay Commission – over 23.5% pay hike likely

  1. News: Finance Ministry would soon propose a 23.55% overall increase in salaries and pensions for more than 1 crore government employees and pensioners
  2. The proposal is in line with the 7th Pay Commission’s recommendations
  3. Impact: Cost to the exchequer on this account is estimated at Rs 1.02 lakh crore, an additional outgo of 0.65% of the GDP
  4. Background: In November 2015, the pay panel had recommended increases of 16% in pay and 24% in pensions within the overall 23.55%

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