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KVS ONLINE ADMISSION 2022-23 FOR CLASS 1
KVS Admission Class 1 Lottery Merit List Result 2022 Date
KVS Revised Admission Schedule 2022-2023 Released - Check Admission Date for Class 1 and Class 2 to Class 11
Kendriya Vidyalaya Online Admission Form 2022-23 for Class 1
LATEST CENTRAL GOVERNMENT EMPLYOEES NEWS
34% DA Order for Central Govt Employees wef 01.01.2022 - Finmin Orders 2022
Revised Rates of HRA 27%, 18% and 9% from 01.01.2021 - Finmin Orders 2021
Central Government Holiday List 2022

LATEST CENTRAL GOVERNMENT PENSIONERS NEWS
Revised Rate 34% DR Order for Central Government Pensioners and Family Pensioners from 1.1.2022
Annual Increment Due on 1st July to the Employees Retiring on 30th June
Notional Increment on the Day of Superannuation
FR 56(j) of CCS (Pension) Rules age of 50 years or on Completion of 30 years of Service
Coverage under CCS (Pension) Rules CG employees appointment before and after 01-01-2004

7th Pay Commission, as seen by the economists and Analysts

August 7, 2015

7th Pay Commission, as seen by the economists

“All the Economists and Analysts, and not just in India, is discussing the 7th Pay Commission.”

Last week, Neelkanth Mishra of Credit Suisse said that there are chances of 40% increase in salary. He also remarked that post-7th Pay Commission, the financial status of Central Government employees will grow high enough to afford a car.

Yesterday, an article in the International Business Times analyzed the role of the Pay Commission in the economic development of India. The article had expressed an estimate on how substantial the hike in salaries would be following the 7th Pay Commission recommendations. Bank of America has estimated a 15% hike in the salary; Religare fixes the hike at between 28 to 30%, and Credit Suisse has marked it as 40%.

Since the Pay Commission has a huge influence on the country’s economic development, financial experts are keenly observing the 7th Pay Commission. This is why everybody is curious to know what the recommendations have in store for the country.

Central Government Offices Holidays 2022 | Central Govt Holiday List 2022 PDF
KV Online Fee Payment 2022-23 | KV UBI Fee login

According to the article, the 6th Pay Commission gave a hike of 35% and more than 30 months arrears to the employees. As a result, the robust demand for consumer discretionary products that resulted in sustained stock performance over 3-5 years.

The report will directly impact 50 lakh Central Government employees (including 15 lakh armed forces personnel), and more than 1 crore state government employees. Also, the report would affect more than 30 lakh pensioners. The Bank of America estimates the salary hike to be at 15% and analyst expectes it to be the range of 15to 40%.

The article made it clear that the 6th Pay Commission gave the kind of economic growth among Central Government employees that was not seen in the past 50 years.

The big question justify now is – will the 7th Pay Commission give 35% hike, like the 6th Pay Commission did?

Related News:

  1. 7TH PAY COMMISSION REPORT AND ITS IMPORTANT RECOMMENDATIONS – GROUNDLESS FLASH NEWS
  2. 7th Central Pay Commission expected to submit its report to the Centre in September
  3. Workable 7th Pay Commission Recommendations are out
  4. Is there any connection between the report of 7th CPC and OROP announcement?
  5. What are the expectations of the Central Government employees from the 7th Pay Commission?
  6. 7th Pay commission report is expected to be released by the second week of August
  7. 7th Pay Commission: Four times increase in pay for Central Government Employees expected
  8. Budget will decide actual date of Implementation of 7th Pay Commission
  9. Central Government Employees to Protest outside the Parliament on April 28; Plan for Indefinite Strike
  10. 7th Central Pay Commission report will be completed within the time frame and submit to the government very soon

ALLOWANCE NEWS

5th CPC Dearness Relief Order for CPF Beneficiaries from 01.01.2022

32% DR to Central Freedom Fighter Pensioners from 01.01.2022

203% DA to CPSE Employees CDA Pattern from 1.1.2022 as per 6th CPC Pay Scales

Dress Allowance for Defence Personnel Joining Service After 1st July – MHA Order

34% DA to CPSE Employees CDA Pattern from 1.1.2022 as per 7th CPC Pay Scales

GDS Latest News

34 Percent DA Order to GDS Employees wef 1.1.2022

April 12, 2022 By admin Leave a Comment

Revised GDS Online Engagement Process wef 4th Week of January 2022

January 24, 2022 By admin Leave a Comment

Enhancement of Rs. 20,000/- to Rs. 50,000/- to GDS Employees Suffering from COVID-19

November 25, 2021 By admin Leave a Comment

Review of Security Amount to be Furnished by the Gramin Dak Sevaks (GDS)

November 22, 2021 By admin Leave a Comment

Revised 31% DA Order to GDS Employees wef 01.07.2021

November 9, 2021 By admin Leave a Comment

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