FLASH NEWS : 7TH PAY COMMISSION REPORT SUBMITTED TO FINANCE MINISTER

FLASH NEWS : 7TH PAY COMMISSION REPORT SUBMITTED TO FINANCE MINISTER

As scheduled,    the Chairman, 7th Pay commission met the Finance minister and Submitted the Report today. The salient features of 7th pay commission recommodation are given below:-

♦ Report consist 900 pages

♦ Pay Panel recommends 16% Pay hike

♦ Garde Pay and Band Pay system abolished

♦ Minumum Salary 18000

♦ Apex pay scale 225000

♦ Cabinet secreatry Pay 250000

♦ Annual increment 3%

♦ 23.5% hike in pay and allowance together

♦ Fitman formula 2.57%

♦ Group insurance increased to 50 lakhs

♦ HRA remains Same 10% 20% 30%

♦ 52 Allownances abolished

♦ 36 Allowances submerged

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