Union Cabinet clears pay hike for Govt employees
Reports said salaries and allowances will rise by at least 23.5 per cent as per the recommendation of the 7th Pay Commission benefiting about five million Government employees and 5.8 million pensioners. The revised pay scale will be effective in retrospective from January 1 this year.
The hike is expected to cost the taxpayer an additional Rs. 1 lakh crore.
Reports said Rs. 73,650 crore of the total payout will come from the general budget, while Rs. 28,450 crore will come from the railways.
The highest pay is pegged at Rs. 2, 25,000 per month for apex scale and Rs. 2,50,000 per month for cabinet secretary and others at the same pay level while the minimum pay recommendation is Rs. 18,000 per month.
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