FLASH NEWS : Salient Features of 7th Pay commission recommendation

7th Pay commission report submitted and the Salient Features of 7th Pay commission recommendation is given below

♦ Report consist 900 pages

♦ Pay Panel recommends 16% Pay hike

♦ Garde Pay and Band Pay system abolished

♦ Minimum Salary 18000

♦ Apex pay scale 225000

♦ Cabinet secretary Pay 250000

♦ Annual increment 3%

♦ 23.5% hike in pay and allowance together

♦ Fitment formula 2.57%

♦ Group insurance increased to 50 lakhs

♦  HRA :  24% ,16% and 8%  of the Basic Pay for Class X, Y and Z cities respectively

♦ 52 Allowances abolished

♦ 36 Allowances submerged

* updated at 21.50 hrs on 19-11-2015

See the Full report pdf