Various PSU and Private sector banks slashed interest rate on Fixed deposit...Govt. allowed central staff to draw upto Rs 10 thousand in cash as advance salary..Banks, Post offices to report cash deposits of over Rs 2.5 lakh to I-T...Dearness Relief to Central Government pensioners/family pensioners from 1.7.2016 - Orders issued...Don't need ID copies to exchange old currency notes, says Reserve Bank of India ......WELCOME TO SAPOST ODISHA... ...

Seventh pay commission: Bad news for govt employees, salary increment may not be before June l

New Delhi, Jan 6: This will definitely make Central Government employees little disappointed. Reportedly Modi government might not be able to implement recommendations of Seventh Pay Commission before June 2016.

According to a report, this cloud of uncertainty will go away only when Finance Minister Arun Jaitley will take final call over the same in the month of February. 

7th CPC: Salary increment in June?


It is expected that Jaitley will reveal all the nuances regarding salary increment before the Budget Session.
 One of the possible reasons for this delay is that assembly election in many states including Pondicherry, Assam, Tamil Nadu, West Bengal, and Kerala are due in the in the first quarter of 2016 .
 The Assembly election in these states will get over in June-July, 2016. Another reason is that many states have requested Centre to delay the implementation of seventh Pay Commission.
 It is being said that government of UP, Punjab, West Bengal, Tamil Nadu, Odisha, Tripura and Sikkim is worried about financial burden the CPC will bring upon the exchequer.  

OneIndia News

Source:http://www.oneindia.com/

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