Seventh Pay Commission Salary Report
The seventh Pay Commission, a treat cum bonanza to the Central Government employees and other employees, has finished its deliberations and it is about to submit its report to the Government of India on 19th November, 2015 at 07:30 pm. The announcement of Seventh Pay Commission was done in the Lok Sabha of India during the year 2014.
The purpose of Pay Commission is to determine the salaries of the Government Employees and with the launch of Seventh Pay Commission, there will be the hike in the salaries of the employees working under the Central Government and the pensioners by 15 percent. Apart from the increase in the salary, there will also be the addition in the other benefits enjoyed by the employees. The dearness Allowance and House Rent Allowances will also increase along with the hike in the salary. The Gross increment in the basic salary will be by 22 percent to 23 percent.
Currently, the Pay Commission is headed by honorable Justice Ashok Kumar Mathur. The submission of the report will basically be done to the Finance Minister of India Mr Arun Jaitley by Juctice A K Mathur. The Seventh Pay Commission will be in effect from January 1, 2016. The report implies towards the increment in the basic pay band of the employees working under the Central Government and also to the pensioners. The Pay Commission is constituted every ten years by the Central Government of India
The Seventh Pay Commission is also dedicated to boost up the Consumer Durable demand and supply such as for two wheelers, cars, electronics etc. An official statement given in the Cabinet Meeting says,
“The Decision will result in the benefit of improved pay and allowances as well as rationalization of the pay structure in case of Central Government employees and other employees included in the scope of the Seventh Central Pay Commission (CPC)”