LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

7th Pay commission: Govt move to help lower-level staff

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
7th Pay commission: Govt move to help lower-level staff
34 modifications by the 7th Pay Commission had been approved by the Union Cabinet. Image source: India.com
Written By: ZeeBiz WebTeam
Updated: Fri, Feb 16, 2018
11:12 am
ZeeBiz WebDesk
RELATED NEWS
7th Pay Commission latest news today: DA hike, DR benefit, arrears, ease in LTC — updates that central government employees just cannot miss 7th Pay Commission latest news today: DA hike, DR benefit, arrears, ease in LTC — updates that central government employees just cannot miss
7th Pay Commission latest news today: Central government employees alert! This premium is part of your allowance 7th Pay Commission latest news today: Central government employees alert! This premium is part of your allowance
7th Pay Commission Latest News: Grab this central government job with massive salary, vacancy with CBI—check details 7th Pay Commission Latest News: Grab this central government job with massive salary, vacancy with CBI—check details
7th Pay Commission: These central government jobs offering salary up to Rs 1,77,500 | Check details 7th Pay Commission: These central government jobs offering salary up to Rs 1,77,500 | Check details
7th Pay Commission Latest News: Check out these vacancies notified by UPSC; salary up to Rs 1,77,500 plus DA and other allowances 7th Pay Commission Latest News: Check out these vacancies notified by UPSC; salary up to Rs 1,77,500 plus DA and other allowances

Modi government is reportedly working on a strategy to help lower-level employees of pay matrix level 1 to 5 under 7th Pay Commission.
 
The development was confirmed by a Finance Minister official who was reportedly quoted saying that the government was committed to increasing the minimum wage of central government employees and is likely to turn lives of 48 lakh government employees into better positions.
 
The official said, “government is looking to hike the minimum wage with fitment formula 3.00 times of basic pay of 6th pay commission.”
 
Government employees are pushing for ‘minimum pay’ of Rs 26,000 per month with a fitment formula of 3.68 times. According to the official, the announcement of raising salaries of lower-level employees beyond the recommendation of 7th Pay Commission, came just a few days after the cabinet gave a nod of pay panel proposal.
 
34 modifications by the 7th Pay Commission had been approved by the Union Cabinet, which means an additional annual burden of Rs 30,748 crore on the exchequer. All allowances are given the effect from July 1, 2017.
 
It may be noted that one crore employees will be benefited by the 7th Pay Commission recommendations. This includes a total of 48 lakh central government employees and 53 lakh pensioners, of which 14 lakh employees and 18 lakh pensioners are from the defence forces.
 
It has been 17 months since 7th pay commission recommendations were announced by Finance Minister Arun Jaitley in Parliament on July 19, 2016.
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
7th Pay commissionModi governmentArun JaitleyParliamentcentral government employeesunion cabinet
RELATED NEWS
7th Pay Commission latest news today: DA hike, DR benefit, arrears, ease in LTC — updates that central government employees just cannot miss 7th Pay Commission latest news today: DA hike, DR benefit, arrears, ease in LTC — updates that central government employees just cannot miss
7th Pay Commission latest news today: Central government employees alert! This premium is part of your allowance 7th Pay Commission latest news today: Central government employees alert! This premium is part of your allowance
7th Pay Commission Latest News: Grab this central government job with massive salary, vacancy with CBI—check details 7th Pay Commission Latest News: Grab this central government job with massive salary, vacancy with CBI—check details
7th Pay Commission: These central government jobs offering salary up to Rs 1,77,500 | Check details 7th Pay Commission: These central government jobs offering salary up to Rs 1,77,500 | Check details
7th Pay Commission Latest News: Check out these vacancies notified by UPSC; salary up to Rs 1,77,500 plus DA and other allowances 7th Pay Commission Latest News: Check out these vacancies notified by UPSC; salary up to Rs 1,77,500 plus DA and other allowances

LATEST NEWS

PayPal plans to hire over 1K engineers in India

NEET 2021 exam date latest news: Candidates check this big update

Gold Price Today 3-03-2021 –Gold cheaper by Rs 4600 in 2021, Silver by Rs 766; time to buy gold NOW expert says

REVEALED! Yes Bank Share Price: Expert unveils this money making strategy

Mid-cap Picks with Anil Singhvi: Want big gains? 3 stocks to buy - Aarti Drugs, IRB Infra and Dalmia Bharat Sugar

SBI account holder? Don't do this, or you will lose money; Bank issues WARNING - check 3 top tips

Gold price today and much more: Consolidation likely in Rs 45200- Rs 46200 levels - Latest updates by ICICI Securities

WhatsApp feature: Check account balance, fixed deposit (FD), credit card payment details via 1 message

Stocks to buy with Anil Singhvi: Sandeep Jain recommends Gulf Oil Lubricants India today

MTAR Technologies IPO Review: Invest for BIG listing gains and long term view, Market Guru Anil Singhvi says - know about valuations, risks

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved