Page 3 - Latest Updates on 7th Pay Commission
Arunachal Congress supports NJCA against Centre on 7th pay commission
APCC dubbed the recommendation as 'most disappointing'
 "Arunachal Congress supports NJCA against Centre on 7th pay commission")
Karnataka: Pay hikes due in 2017, unions get restless
The state follows a five-year cycle based on recommendations by its own pay committee, and the next revision is due in 2017
 "Karnataka: Pay hikes due in 2017, unions get restless")
Gujarat: Staring at a Rs 6,000-cr burden
According to senior state government officials, the Gujarat government paid salaries and pensions worth Rs 29,000 crore in 2015-16
 "Gujarat: Staring at a Rs 6,000-cr burden")
Delhi: Well placed to absorb impact
This will take its fiscal deficit to Rs 4,840 crore, up from the budgeted amount of Rs 2,840 crore in 2016-17
 "Delhi: Well placed to absorb impact")
Maharashtra: Fadnavis readies for Rs 21,000-cr mega blow
State govt to set up committee to implement 7th Pay Commission report
 "Maharashtra: Fadnavis readies for Rs 21,000-cr mega blow")
Haryana: Small in size, rich in financial resources
State estimates salary and pension bill at Rs 24,951 cr for 2016-17
 "Haryana: Small in size, rich in financial resources")
Salary for entry level jobs more in Central govt: IIM-A study
The study shows that across a majority of job roles, govt or CPSUs pay more than private companies at entry-level
 "Salary for entry level jobs more in Central govt: IIM-A study")
NJCA to take call on July 11 strike on Wednesday
Government multiplied the minimum wage of Rs 7,000 fixed in the last pay commission with 2.57 and arrived at a minimum pay of Rs 18,000 per month
 "NJCA to take call on July 11 strike on Wednesday")
7th Pay Commission: 33 lakh government employees threaten to go on strike
This is because of widespread resentment against the meagre pay hike announced in the 7th Pay Commission
 "7th Pay Commission: 33 lakh government employees threaten to go on strike")
Pay panel award to boost consumption, raise savings: Ind-Ra
Ind-Ra believes the impact of pay revision of State Government employees will be felt only in FY18
7th Pay Commission: Worst pay hike in history of independent India, asserts Congress
Randeep Surjewala further said ratio between the lowest and the highest salary has increased instead of decreasing
 "7th Pay Commission: Worst pay hike in history of independent India, asserts Congress")
Consumer spending to get a leg-up with 7th Pay Commission raise
Sectors such as consumer goods, retail, auto, travel & bank expect an impact
 "Consumer spending to get a leg-up with 7th Pay Commission raise")
7th Pay Commission: Shot in the arm for consumption stocks
If the state governments too follow the Centre's footsteps, it should have a positive impact on consumption related-themes across markets both urban and rural
 "7th Pay Commission: Shot in the arm for consumption stocks")
7th Pay Commission: Credit growth to see marginal growth
The immediate benefit could be seen in loans for consumer durables and vehicles linked with demand for these items
 "7th Pay Commission: Credit growth to see marginal growth")
7th Pay Commission: Car & bike makers eye a bonanza
Monsoon gains, OROP to also add to purchasing power of government employees
 "7th Pay Commission: Car & bike makers eye a bonanza")
Pay panel, global rally lift stocks
The S&P BSE Sensex gained 0.81% or 216 points to settle at 26,740 while the Nifty ended tad above 8,200 at 8,204, up by 76 points
 "Pay panel, global rally lift stocks")
Minimum pay of govt employees will increase to Rs 18,000: Arun Jaitley
The 7th Pay Commission will be implemented from January 1, 2016
 "Minimum pay of govt employees will increase to Rs 18,000: Arun Jaitley")
Gujarat to bear an additional Rs 6,000-cr burden under 7th Pay Commission
However, the state government will not be levying any new taxes or hike existing taxes to recover the same
 "Gujarat to bear an additional Rs 6,000-cr burden under 7th Pay Commission")
7th Pay Commission: Auto makers expect spurt in sales
Carmakers are eyeing an over 25% growth in sales to government employees and pensioners as their salaries increase
 "7th Pay Commission: Auto makers expect spurt in sales")
Govt approves 7th Pay Commission report: Here is how it will benefit govt employees
Finance Ministry is preparing a Cabinet note and the issue may come up for approval by the Cabinet as early as June 29
 "Govt approves 7th Pay Commission report: Here is how it will benefit govt employees")
