The Empowered Committee of Secretaries (CoS) headed by Cabinet Secretary P K Sinha processing the report of the Seventh Central Pay Commission is expected to meet on June 11 to finally wrap up its report on the remuneration of government employees.
It is reported that the secretaries panel will finally
hear out all the stakeholders, including the Central ministries and
Departments, and finalise its report, which will be handed over to the
government on June 30.
Sources added that even the Prime Minister's Office is
keen on a favourable pay hike for the central government employees, so the
panel is likely to recommend a minimum salary at Rs 24,000 and the highest
salary at Rs 2,70,000.
The 7th pay panel headed by AK Mathur had recommended the
minimum salary at Rs 18,000 and maximum salary at Rs 2,50,000.
Sources added that the government is exploring
options for meeting the additional payout over and above what was recommended by
the 7th pay panel. The payout could be substantial with salary hike and
arrears adding up to a Rs 1.02 lakh crore burden on
government finances.
However, it seems that the government employees will have
to wait more for the salary hike. Once the report moves from the table of
the empowered group of committee to the cabinet, it is likely to take another
month before the notification on pay hike will eventually come.
Even the Finance Ministry is keen that higher salaries
reach government employees just before the festive season starting mid-August,
as spurt in consumption during the festive period will have a domino effect on
the economy.
http://zeenews.india.com/business/news/economy/secy-panel-on-7th-cpc-to-have-key-meeting-on-june-11-salary-hikes-unlikely-to-come-in-july_1887933.html
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