Govt open to offer better hike than pay panel recommendation

Final burden of pay hike of central govt employees yet to be assesed, says FM Jaitley

Finance Minister Arun Jaitley is open to meeting central government employees' demand seeking a better pay hike over the recommendations of the 7th pay commission.

"The secretaries panel will decide the final burden on the government, a significant part of liabilities arising out of 7thCPC have already been factored in the Budget", said Jaitley, while replying to a question in his post -Budget interaction with media on Monday.

The central government employees unions have been seeking a minimum pay hike of Rs 26,000, a hike of around 44% on the pay panel's recommendation.

Highlights of Union Budget 2016-17

Following are the highlights of Union Budget 2016-17 presented by Finance Minister Arun Jaitley in Parliament on Monday:

   * No change in personal Income Tax slabs

   * 4-month Compliance Window for domestic black money holders; tax, interest on them at 45%

   * Relief for tax payers who earn below Rs 5 lakh; ceiling of rebate u/s 87A raised to Rs 5,000 from Rs 2,000

   * House rent deduction raised from Rs 20,000 to Rs 60,000

   * One-time dispute resolution scheme for retro tax cases, penalty, interest waived

   * High level committee headed by Revenue Secretary to oversee creation of fresh liability using retro tax law

   * Corporate Tax for new manufacturing units fixed at 25%

   * Clean energy cess increased from Rs 200/ton to 400/ton on coal, lignite and peat

Govt. to implement pay hike recommendation, expects little impact on inflation

Finance Minister Arun Jaitley on Friday presented the Economic Survey in parliament. The government has said that the recommendations of 7th Pay Commission which has a bearing on the common man, has stated that it will not impact market price volatality.

According to report, increase in wages recommended by the 7th Pay Commission is unlikely to destabilise prices and will have little impact on inflation.

Empowered Committee of Secy.s on 7th CPC to meet union leaders on 1st March'16

Meeting of the Empowered Committee of secretaries (E-CoS) headed by Cabinet Secretary on 7th Central Pay Commission recommendation with members of the Standing Committee of the JCM National Council Staff Side will be held on 1st March 2016 at 06:45 PM

Minutes of the meeting on 19.02.16 between NJCA and 7th CPC implementation committee

Minimum pay demanded as Rs 26000 in stead of proposed 18000
The important issues discussed in the said meeting is narrated in a nutshell below for a quick look.

Minimum Pay needs to be revised to Rs. 26000 p.m. and the minimum pay of Rs. 18000 p.m. as recommended by 7th CPC is not acceptable. This would require upward revision in the fitment multiple of 2.57 and change in the Pay Matrix.
Central Government employees need to be excluded from the National Pension Scheme (NPS), which has been a long pending demand of the StaffSide.