Highlights of Recommendations of Seventh Central Pay Commission
Highlights of Recommendations of Seventh Central Pay Commission Recommended Date of implementation : 01.01.2016 Minimum Pay: Based on the Aykroyd formula, the minimum pay in government is recommended to be set at ₹18,000 per month. Maximum Pay : ₹2,25,000 per month for Apex Scale and ₹2,50,000 per month for Cabinet Secretary and others presently at the same pay level. Financial Implications: The total financial impact in the FY 2016-17 is likely to be ₹1,02,100 crore, over the expenditure as per the ‘Business As Usual’ scenario. Of this, the increase in pay would be ₹39,100 crore, increase in allowances would be ₹ 29,300 crore and increase in pension would be ₹33,700 crore. Out of the total financial impact of ₹ 1,02,100 crore, ₹ 73,650 crore will be borne by the General Budget and ₹ 28,450 crore by the Railway Budget. In percentage terms the overall increase in pay & allowances and pensions over the ‘Business As Usual’ scenario will be 23.5...