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Friday, 20 December 2013

Govt likely to constitute 7th Pay Commission

The Central Government is likely to constitute the seventh Pay Commission for revising the salaries of its over 50 lakh employees before the start of process of next general elections due in May, 2014.
Finance Minister P Chidambaram had announced that Prime Minister Manmohan Singh has approved setting up of the seventh Pay Commission.
Finance Minister P Chidambaram had announced that Prime Minister Manmohan Singh has approved setting up of the seventh Pay Commission.
“The Finance Ministry is working out a Cabinet proposal for constitution of the seventh Pay Commission which could be taken up for consideration in the next couple of weeks,” a source said. According to information available, the government’s intention to constitute Seventh Pay Commission before going for polls is clear as it has made provision of Rs 3.5 crore in the second supplementary demands for grants in this regard which was approved by Parliament in the just concluded Winter Session.
Earlier in September this year, Finance Minister P Chidambaram had announced that Prime Minister Manmohan Singh has approved setting up of the seventh Pay Commission.
According to the announcement, the Commission will be mandated to submit its report in two years time and its recommendations would be implemented from January 1, 2016.
However, after that announcement, no formal proposal was put up before the Union Cabinet for constitution of the Commission.
As per the practice, the Commission is headed by a former Supreme Court Judge and its other members would include experts and officials