In contrary to 6th pay commission in which 35% hike was for Government Employees, the 7th pay commission is expected to propose an approximate 15% hike in salaries starting from 1st January 2016 after the clearance from cabinet, as reported by various newspapers.
The recommendations will impact ~50 lakh central government employees and ~54 lakh pensioners. As per economists the hike in salary will boost the consumption-driven recovery in the domestic economy. The sale of households, cars, affordable houses is expected to rise.
The recommendations will impact ~50 lakh central government employees and ~54 lakh pensioners. As per economists the hike in salary will boost the consumption-driven recovery in the domestic economy. The sale of households, cars, affordable houses is expected to rise.
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