New Delhi, Jan 13 (PTI) Government today decided to 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 Cabinet has approved the setting up of Empowered Committee of
Secretaries to process the recommendations of 7th Pay Commission in an
overall perspective, Parliamentary Affairs Minister M Venkaiah Naidu
told reporters here.
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.
The Empowered Committee of Secretaries will function as a Screening
Committee to process the recommendations with regard to all relevant
factors of the Commission in an expeditious detailed and holistic
fashion, an official statement said.
Finance Minister Arun Jaitley had said earlier that he was not
worried about fiscal deficit and government would be able to meet its
target despite additional outgo on account of higher pay.
He had admitted however that the impact of implementing the
recommendations, which will result in an additional annual burden of Rs
1.02 lakh crore on exchequer, would last for two to three years.
