1. 7th Pay Commission 2016: New pay scales to put extra burden of whopping Rs 1.02 lakh cr in FY17

7th Pay Commission 2016: New pay scales to put extra burden of whopping Rs 1.02 lakh cr in FY17

7th Pay Commission 2016: Implementation of new pay scales recommended by the Seventh Pay Commission is estimated to put an additional burden of Rs 1.02 lakh cr, or 0.7 per cent of GDP, on the exchequer in 2016-17, government said today.

By: | New Delhi | Published: April 26, 2016 11:12 PM
7th pay commission, 7th pay commission latest, 7th pay commission report, 7th pay commission news, 7th pay commission latest news, 7th pay commission calculator, seventh pay commission, 7th pay commission pay scale 7th Pay Commission 2016: The burden on pay head would increase by Rs 39,100 crore to about Rs 2.83 lakh crore in the current fiscal. Without the 7th Pay Commission recommendations, the outgo would have been Rs 2.44 lakh crore. (PTI)

7th Pay Commission 2016: Implementation of new pay scales recommended by the Seventh Pay Commission is estimated to put an additional burden of Rs 1.02 lakh cr, or 0.7 per cent of GDP, on the exchequer in 2016-17, government said today.

The implementation of recommendations of the 7th Pay Commission report, however, would be after approval of the Cabinet on completion of screening of suggestions by a high-level panel of secretaries, the Rajya Sabha was informed today.

The implementation of the new 7th Pay Commission pay scales is estimated to put an additional burden of Rs 1.02 lakh crore (or 0.7 per cent of GDP at current market prices) on the exchequer in 2016-17. Subject to acceptance by the government, they will take effect from January 1, 2016.

In a written reply, Minister of State for Finance Jayant Sinha also said that the announcement of Dearness Allowance has no impact on the recommendations of the Pay Commission.

Giving details of financial implications of the recommendations, Sinha said the burden on pay head would increase by Rs 39,100 crore to about Rs 2.83 lakh crore in the current fiscal. Without the 7th Pay Commission recommendations, the outgo would have been Rs 2.44 lakh crore.

The outgo towards HRA will increase by Rs 17,200 crore to Rs 29,600 crore. The outgo on pension front will be Rs 1.76 lakh crore (increase of Rs 33,700 crore) and on other allowance will be Rs 36,400 crore (up Rs 12,100 crore).

The Empowered Committee of Secretaries headed Cabinet Secretary P K Sinha to process the recommendations of the 7th Pay Commission was set up in January.

The recommendations of the 7th Pay Commission report will have bearing on the remuneration of 47 lakh central government employees and 52 lakh pensioners.

  1. R
    Ramlal Prasad
    Jan 26, 2017 at 3:59 am
    Come in to force at the earliest is possible.
    Reply
    1. R
      Ramlal Prasad
      Jan 26, 2017 at 3:57 am
      When 7th CPC come in force to jawans ry.
      Reply
      1. R
        Rajesh Makharia
        Apr 27, 2016 at 2:37 am
        Loot the common man to collect the 1.02 lac crore
        Reply
        1. m
          m.r.srinivasan, Chennai
          Apr 27, 2016 at 2:33 am
          Perhaps I might sound out of kilter and be seen utopian but this is my earnest wish.In my view , far from increasing the burden on the exchequer every once in a while following a cliched set formulae and thereby increasing the misery of all by the cascading inflationary effects with nary satisfaction to none , it's high time the powers that be think on different lines and come out with a radical approach, in tandem with the World Organisation if need be ,to place a cap on the individual earnings of anyone in any field of vocation, be it in sport,celluloid field, not exceeding the emoluments as a benchmark of the highest functionary of the Nation-State by freezing the earnings of all at its existing level ,and gradually bringing down the various levies in the form of multifarious taxes and charges that eats into the income of an average worker in ever so many subtle ways giving rise to demands for more and more of paper money on ever increasing curve. As the next man will vouchsafe, life for all was several notches happier in those early days before the WW 2 when consumerism had not yet gotten hold of the imagination of the citizenry with the frenzy to aspire for ever more and unknowingly settling for far less down the years.
          Reply
          1. Murthy Suppusamy
            Apr 26, 2016 at 11:25 pm
            P Chidambaram made a Big Mistake last time by approving the previous biased and unfair recomendations. That made GOVT pay more than Private ries. Now, don't approve this. This will make mockery of Private ries. Private already pays less than the existing Govt pay structure.
            Reply
            1. Murthy Suppusamy
              Apr 26, 2016 at 11:25 pm
              This Pay should not approved.
              Reply
              1. V
                vijay Bhadoriya
                Apr 27, 2016 at 3:01 am
                It should implemented soon.
                Reply
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