BusinessSeventh Pay Commission Hike Notified: 10 Things To Know
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Seventh Pay Commission Hike Notified: 10 Things To Know
Government employees will receive higher salaries likely from next month
The arrears shall be paid during the financial year 2016-2017
About 1 crore employees and pensioners will benefit from the pay hike
The Seventh Pay Commission hike will benefit 1 crore employees and pensioners
The Finance Ministry has notified the salary hike based on Seventh Pay Commission recommendations. This means that lakhs of government employees will receive higher salaries likely from next month. The notification is dated July 25, 2016. About 1 crore employees and pensioners will benefit from the pay hike, effective from January 1, 2016.
Here are the key highlights of the notification:
1) According to the pay new structure, ...