7th Pay Commission Latest updates
- Total Increase is likely to be 23.55%
- Salary Hike 16%
- Allowance Increase 65%
- Pension Increase 24%
- Grade pay to be abolished. No Grade pay for Government employees now.
- Bay Band also to be abolished for Central Government employees.
- Total impact only on central govt employees leaving apart PSU would be around 1.2 Lakh Crores.
- Annual Hike to be maintained at 3%
- To be implemented from 1st January 2016.
- Retirement age to be fixed at 60 Years , no change in retirement age for central government employees.
- Insurance to be extended to Central Government employees.
- Minimum salary to be 18,000/-
- Minimum salary for Defense to be 15,500/-
- Impact on Railways budget 28,000 Crores
- Basic salary hike to be 14.27%
- Gratuity amount doubled to 20 Lakh
- Maximum salary to be 2.25 Lakh
- Impact on budget 74,000 Crores
- One rank one pension to be extended.
Expected DA Calculation Updated on 30.03.26 on the basis of CPI for the month of Feb'26 with the assumptions of Mar'26. The CPI for ...
-
Changes in leave rules for bank employees and Bank officers were updated in terms of the 12th BPS/9th Joint Note dated 08.03.2024 This post ...
-
1. Bank of Maharashtra - 15 days PLI 2. UCO Bank - 5 days PLI 3. Central Bank of India - 5 days PLI 4. Indian Bank - 10 days PLI 5. SBI...
-
The Government of India has approved a new transfer policy for Public Sector Bank Employees. This new policy will be applicable from 1st Apr...
No comments:
Post a Comment