Finance Ministry sources on Friday said that new pay hike for central government employees would come into effect from 1 April 2018.
The National Anomaly Committee (NAC) would submit the report on pay hike by December 15 and then it would be sent to the cabinet for approval.
So, the new pay hike will come into effect by April next year at the latest, they added.
However, the sources slammed some of the media reports on the issue, terming them ‘stupid reports’.
Quoting Finance Ministry sources, a number of newspapers said the new pay hike would be implemented from January, whereas the sources told us today that the ministry had only said the report of the National Anomaly Committee would be available by that day and its implementation would be done afterward in due process.
Read more @ http://www.tkbsen.in/2017/11/7th-pay-commission-new-pay-hike-from-april-says-finmin/