7th Pay Commission: GDP growth, inflation to restrict new hike to 17%

The National Anomaly Committee (NAC) is likely to meet later this month to take a final call on further raising the minimum pay as recommended by the 7th Pay Commission. However, the hike is likely to be restricted to around 17% of the Central government employees’ present salary. The reason behind the expected slash of […]

7th pay commission

The National Anomaly Committee (NAC) is likely to meet later this month to take a final call on further raising the minimum pay as recommended by the 7th Pay Commission. However, the hike is likely to be restricted to around 17% of the Central government employees’ present salary.

The reason behind the expected slash of around 28% hike in minimum pay as against the demanded 45% hike by the Central government employees is likely due to the recent decline in the country’s GDP growth estimation.