7th Pay Commission hike approved: FM Arun Jaitley tweets congratulations to government employees and pensioners

By: | Updated: June 29, 2016 1:57 PM

With 7th Pay Commission's recommendations being approved by Cabinet today, FM Arun Jaitley has tweeted his congratulations...

According to sources, the government has approved a minimum pay hike of 20% and a maximum of 25%. (Reuters)According to sources, the government has approved a minimum pay hike of 20% and a maximum of 25%. (Reuters)

With 7th Pay Commission’s recommendations being approved by Cabinet today, FM Arun Jaitley has tweeted his congratulations to the 1 crore government employees and pensioners who will greatly benefit from this hike.

“Congratulations to central government officers, employees & pensioners on a historic rise in their salary & allowances through the 7th CPC,” FM Jaitley tweeted.

According to sources, 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.

In percentage terms the overall increase in pay & allowances and pensions will be 23.55 per cent. In finer details, the increase in pay is slated to be 16 per cent, increase in allowances will be 63 per cent, and increase in pension would be 24 per cent, the recommendations said.

The minimum pay in government has been recommended at Rs 18,000 per month. A maximum Rs 2,25,000 per month for apex scale and Rs 2,50,000 per month for Cabinet Secretary and others presently at the same pay level have been recommended.

The recommendations were submitted by the Empowered Committee of Secretaries, which was formed to look into recommendations of the Seventh Pay Commission.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition