Rs. 70000 Crore Allocated in Budget 2016-17 for 7th Pay Commission said by analysis report of unio budget 2016 – 17. This is really good news for the government employee that, in Union Budget, Rs. 70000 Crore Allocated in Budget 2016-17 for 7th Pay Commission implementation throughout India’s all central employee and state government employee. This article cover detailed for this news. Please go through this article.
Rs. 70000 Crore Allocated in Budget 2016-17 for 7th Pay Commission
Finance Ministries officers said that : in this budget we have provide Rs. 70000 crore for implementation of 7th pay commission hike in salary. We have provide 60 to 70 percentage burden of this implementation. They have also said that, we are waiting for final report of seventh pay commission, if there is any extra need of allocation then we will do process for that.
Finance Ministry has given provision for grant demand by the different department of every state.
In this budget they have also take care of, if there is an implementation of 7th pay commission from 01 January 2016 and One Rank One Pension Scheme OROP.
Implementation of 7th Pay Commission has a lots of burden in the Budget 2016 – 17. In this budget they have cover this point as a major and allocated 70000 crore rupees for this implementation.
This is the point affected to 47 lakh central government employee and 52 lakh pensioners. For this implementation government has set up one review committee called empowered committee. This committee Member is reviewing for recommendation by seventh pay commission. As and when this empowered committee give final report for this salary hike and hike in allowance at that time government will give final signal for implementation of 7th CPC.
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