Staff Corner Home
Staff Corner.com

The News and Info Site for Central Government Employees & Pensioners



Govt looking for alternative to CPC to revise salaries




»
»



15 Jan, 2018 1:12p.m.

The government has decided to do away with Pay Commission in the future. Media reports suggest that instead of forming an 8th Pay Commission, the government is looking at an alternative to revise future salaries and allowances of central staff and pensioners.

The report, quoting the official, further said that the government will follow in the footsteps of the 7th Pay Commission Chairman Justice A K Mathur for formation of the next Pay Commission.

Even the 7th Pay Commission recommended that instead of waiting for 10 years, the pay matrix can be reviewed and revised periodically on the basis of the Aykroyd formula, which takes into consideration the changes in prices of the commodities that constitute a common man’s basket, the finance ministry official said, adding that government will soon discontinue the practice of appointing Pay Commissions in future to suggest salary structure and other perks for all central government employees and pensioners.

However, the finance ministry official’s remarks come in contrast to what was conveyed by Minister of State for Finance P Radhakrishnan earlier this month. The minister had made a statement in Lok Sabha that no formation of Pay Commission in future is not on government radar for the time being and this will be declared later by Finance Minister Arun Jaitley.



Dont forget to share this post
Post to facebook Tell your friends

Enter your email address for latest Staff News:

Other General News

Other News

Govt. Job openings.

Join the Employees community. Receive all updates via Facebook. Just Click the Like Button Below...

Facebook Gconnect
Social Reading at Staffcorner