Central Govt. Approved Constitution of Committee for implementation of 7th Pay Commission for Central Govt. Employees w.e.f. 01/01/2016
Central Govt. gave one more gift after announcing 10% DA hike to about 85 laks Central Govt. employees & pensioners by Approving Constitution of Committee for implementation of 7th Pay commission for Central Govt. Employees. The age of retirement of central employees may extended from 60 years to 62 years. This committee will submit its recommendation in next two years.
The 7th Pay Commission will be applicable w.e.f. 01 January 2013 and it will cause about rupees one lakh crore extra burden over Indian Economy. Earlier, 6th Pay Commission has been implemented wef 01/01/2006.
The Govt. constitutes committee for pay commission every 10 years to implement revised pay commission at every 10 years.
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