New Delhi: Central government employees' wait to get higher salaries under the 7th Pay Commission will be over in two months.
As per a CNBC-TV18 report, hefty payouts are likely to happen between early June and late July this year.
Quoting government officials, the report said that the Empowered Group of Secretaries will likely to accept the pay commission's recommendations on salaries and pension payouts.
It may be recalled that the government had set up a high-powered panel headed by Cabinet Secretary P K Sinha to process the recommendations of the 7th Pay Commission which will have bearing on the remuneration of 47 lakh central government employees and 52 lakh pensioners.
The implementation of the new pay scales is estimated to put an additional burden of Rs 1.02 lakh crore on the exchequer in 2016-17. Subject to acceptance by the government, they will take effect from January 1, 2016.
SOURCE - ZEE NEWS