7th CPC Recommendations

7th Pay Commission recommendations approved by Government and implemented with effect from 1.1.2016. The detais about recommendations are available here

Pay Commission implementation by the Centre and state governments would lead to a $50 bn fiscal stimulus over the next two years

However, the RBI also mentioned about Seventh Central Pay Commission risks to the fiscal deficit, which was not factored in the central bank’s inflation trajectory. Therefore, the RBI is in …

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