Diabytes
Govt likely to implement 7th Pay Commission award around September-October
The Central government employees will have to wait till September-October to get higher salaries under the 7th Pay Commission, as government hopes that higher consumption fortified by festive sales will have multiplier effect on the economic growth.
Trending Photos
9- 6
- 8
- 8
 "Govt likely to implement 7th Pay Commission award around September-October")
Zee Media Bureau
New Delhi: The Central government employees will have to wait till September-October to get higher salaries under the 7th Pay Commission.
As per a Financial Express report, government is expecting that higher salaries released around the festival period starting with Durga Puja and Diwali will boost consumption, which will have a multiplier effect on the economy.
Though the employees will get arrears with retrospective effect from January 1, no retrospective arrears in allowances will be given. With the move, the exchequer would be able to save around Rs 11,000 crore.
The commission had estimated the additional outgo in FY17 due to its award at R73,650 crore.
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.
Live Tv
 "DNA: Is your cake poisoning you?")
 "DNA: What is the agenda behind opposition to Sai's Idol?")
 "DNA: Baba Bageshwar Questions")
 "DNA: Sai Baba Statues Removed from 14 Varanasi Temples")
 "DNA: Fake Sharma Family Exposed as Pakistanis in Bengaluru")
 "DNA: BJP Leader's Cow Urine Demand for Garba Entry Sparks Controversy")
 "DNA: Nasrallah Killed - Who Are People Mourning a Terrorist's Death in India?")
 "DNA: Tirupati Laddu Case - SC Questions Allegations of Contaminated Ghee")
 "DNA: Pakistan Mourns Terrorist's Death, Nasrallah's 'Funeral' Sparks Protests")
 "DNA: Special 26 Script Recreated-- Fake SBI Branch in Chhattisgarh")
