- New Delhi, Oct 5 (PTI) Finance Ministry today said the Seventh Pay Commission will be mindful of the fiscalconcerns of the government while giving its report on new pay scales and remunerations for central government employees and pensioners.
The Commission, headed by Justice A K Mathur, has been given time up to December 2015 to submit its report on revising emoluments of nearly 48 lakh central government employees and 55 lakh pensioners.
"We have communicated our concerns with regard to sustainability of public expenditure to Pay Commission. I am sure the members and chairman of the commission are aware of and will be sensitive to our concerns," Finance Secretary Ratan Watal told reporters here.The Commission has time till December to submit its report, he said, adding thereafter it would be scrutinised by a secretariat to be set up in theFinance Ministry.
Watal said although the recommendations would be implemented from January 1, 2016, the burden on the exchequer would not be much in the current financial year.
However, he added, it would have implications in next fiscal.
The Commission, headed by Justice A K Mathur, was appointed by the previous UPA government in February 2014 for 18 months. Its terms was extended in August 2015 by four months till December 31, 2015.
The government constitutes the Pay Commission almost every 10 years to revise the pay scale of its employees and often these are adopted by states after some modifications.
As part of the exercise, the Commission holds discussions with various stakeholders, including organisations, federations, groups representing civil employees as well as Defence services.
OTHER BLOGS LINK
YOU ARE VISITOR
Blog Archive
LIVE
BREAKING NEWS "
Monday, October 5, 2015
Finance Ministry reminds Pay Commission about fiscal concern, hopeful about consideration
Subscribe to:
Post Comments (Atom)
Bank Unions Oppose PLI Scheme for Senior Bank Executives
AIBOC and AIBEA have written a letter to the DFS Secretary requesting him to review the recently introduced PLI Scheme for Senior Bank Execu...
-
Expected DA Calculation Updated on 29.02.24 on the basis of CPI for the month of Jan'24 with the assumptions of CPI for the next two mon...
-
Fixed personal pay is computerisation allowance. It was compensation given to the employees at that time. Not applicable for those who are j...
-
Expected DA Calculator Updated on 30.06.2024 on announcements of CPI for the month of aPRIL 2024 as 139.40 On the basis of above CPI relea...
script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js">
No comments:
Post a Comment