Wednesday, January 8, 2014

Cabinet proposal soon to set up 7th Pay Commission before Lok sabha Polls 2014

Cabinet proposal soon to set up 7th Pay Commission before Lok sabha Polls 2014
The central government has initiated process to set up seventh pay commission and proposal from the cabinet soon for constitute the 7th Pay Commission. This pay commission will revise the salaries of more than 50 lakhs central government employees and this process will start before May, 2014.
“The finance ministry is working out a Cabinet proposal for constitution of the 7th Pay Commission which could be taken up for consideration in the next couple of weeks,” a source said.
Earlier in the month of September 2013, the Prime Minister Manmohan Singh has approved the pay commission set up and it was announced by the finance minister P Chidambaram. It is one of the most important announcement by the central government recently before the Lok sabha Elections 2014 i.e. General Elections of India 2014.
As per the announcement by the govt. officials, this pay commission have to submit their report within two years of time frame and it will be implemented from 1st January, 2016. We have already predicted the pay scale for all pay band in the upcoming 7th Pay Commission. There was no cabinet meeting held whether to announce the seventh pay commission or not.
As per the past practice and tradition, generally pay commission is headed by the retired Supreme Court judge and members of the pay commission are experts from the various sectors.
It is also expected that Government will also announce and approve some benefits for the pensioners.
This is one of the most important decision taken by the UPA Government which will benefit them in the upcoming Lok sabha Polls 2014.

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