The Government of India has approved the recommendations of the 7th Pay Commission for the central government employees. The expected total hike in the salary is 23.55 percent and the burden on the central exchequer is more than Rs. 1 lakh crore. Following are important points with regard to 7th pay commission. 1) Implementation date:…

Good news for Central government employees and pensioners. The 7th Pay Commission will be submitting its report to the finance ministry and most likely to recommend 15 percent pay / salary hike. This looks disappointing compared to the previous pay commissions but the pay hike in real terms will be around 23 percent as per…