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Sep 21, 2015

First salary of 7th Pay Commission is expected on 1st April, 2016

New Delhi: The Seventh Pay Commission report is awaited, the new pay scales will be applicable to Central government employees with effect from January 2016.
This is a very rough average because for senior level officers, like the Cabinet Secretary or officials at the secretary level, the payback could increase by more than 50%.50 lakh central government employees and 56 lakh pensioners including dependents hope to get this gift from April next year. The revised pay scales are likely to be implemented retrospectively starting 1 January 2016.Arun Jaitley_2_1_0
Many commentators say that the average increase in basic fair pay for all government employees will be in the region of 40-45%.
As the Pay Commission numbers come through there could be a 30-40 per cent increase for each central government employee.
An increase of salary and allowances would boost middle class central government employees to spend more time with their families for marketing.
The economy would get a major boost from a pickup in consumption, resulting from an increase in salaries but the flip side to the hike will be a spike in inflation.
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